National Guard or Reserve members with 20 or more qualifying years are eligible to receive their monthly retired pay starting at age 60 or earlier based on qualifying active service. See our Blended Retirement System page for more details.
What is the average National Guard retirement pay?
Defined Benefit: Monthly retired pay for life after at least 20 years of service (so if you retire at 20 years of service, you will get 40% of your highest 36 months of base pay). Retired pay will be calculated as follows: (Years of creditable service x 2.0%) x average of highest 36 months basic pay.
What benefits do retired National Guard members get?
Those who do have a number of benefits available to them, including retirement pay (which begins at age 60), “Space-A” travel, survivor benefit plan, SGLI, PX/BX/Commissary privileges, transient billeting and legal assistance. Some states offer additional benefits for their retired Guardsmen.
What is National Guard retirement?
FEDERAL RETIREMENT PLAN
And it’s a pretty simple plan. If you complete a standard part-time term in the Guard by age 60, you could be eligible to receive monthly payments* based on serving one weekend per month plus an additional 15 days per year, for 20 years. This is on top of any benefits from your civilian career.
Does 6 years in the National Guard make you a veteran?
Does 6 years in the National Guard make you a veteran? Yes, if you spent at least 180 days of that 6 years deployed on federal active duty orders. A 2016 change to federal law expanded the definition of “veteran” for many National Guard members.
Is retiring from the National Guard worth it?
Members who retire from the Guard or Reserves can also earn military retirement benefits, based on a point system. These benefits start at age 60, which is close to the traditional retirement age of 65. It is not a stretch to say that military retirement is worth millions over the life of the retiree.
How do I calculate my National Guard retirement pay?
The Reserve/Guard retirement system calculates the multiplier from your total points. Divide your grand total career point count by 360 (because your pay is based on 30-day months) and multiply by 2.5% to come up with your service multiplier. For example, 2134 points / 360 * 2.5% = 14.82%.
How long can you stay in the Air National Guard?
The time commitment for a person who has never served in the military is six years. During this commitment, you will attend Basic Training and technical training full-time and spend the remaining part of your enlistment working part-time, one weekend a month and two weeks a year, at a minimum.
Can you retire after 15 years of military service?
From time to time, the military offers servicemembers an option for early retirement through the Temporary Early Retirement Authority, or TERA. This program allows members to retire with a minimum of 15 years of active duty service instead of the traditional 20 years of service.
How much is drill pay for National Guard?
Drill Pay for Army Reserve and Army National Guard Soldiers
|RANK||< 2 YEARS||8 YEARS|
|Private First Class (E3)||$4,418.19||$4,980.78|
|Specialist or Corporal (E4)||$4,893.84||$5,940.90|
|Staff Sergeant (E6)||$5,826.24||$7,901.46|
Is a person who served in the National Guard considered a veteran?
Veteran has the meaning given the term in 38 U.S.C. 101(2). A Reservist or member of the National Guard called to Federal active duty or disabled from a disease or injury incurred or aggravated in line of duty or while in training status also qualify as a veteran.