Friday, July 22, 2016

National Guard and Reserve Early Retirement Age. (Thanks Charlie!)

National Guard and Reserve Early Retirement Age

This is another topic that generates a lot of questions from Guard and Reserve retirees who are nearing the age they can begin drawing their military retirement pay.

The normal Reserve retirement age is 60. However, members of the Reserve Component who served at least 90 days during a fiscal year on a qualifying active-duty mobilization after Jan. 28, 2008 are authorized to begin drawing retirement pay three months early for each 90 day period they served in any given fiscal year.

Service on or before this date does not count toward early retirement. (No word if legislation will be passed to make this retroactive to September 11, 2001).

Early retirement only applies to drawing retirement pay, and does not apply to receiving retiree health care or certain other benefits.

Here is more information about early retirement from the Guard or Reserves:
http://themilitarywallet.com/national-guard-and-reserve-early-retirement-age/

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