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- Calculating a military retirement depends on the retired pay base and the multiplier %12. The retired pay base is either the final basic pay or the average of the highest 36 months of basic pay divided by 362. The multiplier % is 2.5% times the years of creditable service1345. For example, if a person retires with 20 years of service and a final basic pay of $3,000, the retired pay is $3,000 x 20 x 2.5% = $1,500 per month.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The basic retirement formula is: Retired Pay Base X Multiplier % Final Pay Plan The Final Pay plan uses the Final Pay method to determine the retired pay base. See the Retirement page. The Final Pay plan uses a multiplier % that is 2.5% times the years of creditable service.militarypay.defense.gov/Pay/Retirement/ActiveDuty…There are two methods for determining the retired pay base. They are the final pay method and the high-36 month average method. The final pay method, as the name implies, establishes the retired pay base equal to final basic pay. The high-36 method is the average of the highest 36 months of basic pay divided by 36.militarypay.defense.gov/Pay/Retirement/calc/To calculate estimating retirement pay: Basic Pay × Number of Years Active-Duty × 2.5% For example, if an individual is an E-6 with 20 years of military service and a basic pay of $3,243.30 per month, the equation would run: $3,243.30 × 20 Years = $64,866 $64,866 × 2.5% = $1,621.65va.org/estimating-retirement-pay/Your retired pay is calculated by multiplying your final base pay by 2.5% for every year of service.www.military.com/benefits/military-pay/retired-payUnder this system your retired pay is computed by multiplying your final monthly base pay when you retire by 2.5% for every year of your service. That means you get 50% of your base pay if you retire with 20 years of service or 100% of your base pay if you retire after 40 years.www.military.com/benefits/military-pay/computing-r…
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