How does retirement for reservists work?

Posted by Retirement Advisor
retirement
airforcewolf16 asked:


I am in the USAF reserve now as an avionics tech. (enlisted). I plan on reenlisting and hopefully retiring. I also plan on a career change (officer) since I will be getting a degree in nursing.

How will retirement work in my case? Do I have to wait until I a certain age to start receiving benefits? What about on-base privileges? I plan on staying straight reservist; no active duty except for TDYs. Thanks!

BENITA

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This entry was posted on Tuesday, December 9th, 2008 at 1:11 pm and is filed under Military. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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3 Responses to “How does retirement for reservists work?”

  1. MassLass Says:
    December 10th, 2008 at 10:30 pm

    Try

    Key in what you want in the search bar above. They have tons of info. Hope this helps.

  2. Navy Sailor - GAI Says:
    December 13th, 2008 at 3:22 pm

    If you are working as a reservist you will need to put in however much time is required to equal 20 years of service to get any retirement. On top of that there are other requirements to get to retirement. Eventually if you fulfill all of the requirements you will get paid a retirement when you reach the national retirement age and no sooner. If you go active duty anytime in that time period they will apply your reserve time to your active time using a formula which will tell you will you can retire. Then you will get a real retirement at whatever age you actually retire based on the formula results. Figure out what you are doing now so you can cut through the BS and get to retirement as quickly as possible. Go talk to your admin people also for specifics about your situation.

  3. kaja70 Says:
    December 15th, 2008 at 3:03 am

    There are many Reserve Associations out there to fully explain what happens when you retire. i will be doing the exact same thing as you in the Navy, going from enlisted to Officer (hopefully). From my research, our points are totalled up when we retire. Whatever they add up to be (3650 points = 10 years) is the base pay we will receive. If you become an officer, you will get 50% of the pay for whatever rank you have when you retire for the amount of time your points would have been had you been on active duty. The great thing about us in the reserves, is that we can continue to drill for no pay but get points until the mandatory retirement age of 60. Doing this for myself, and assuming I do not get chosen to become an officer, is a difference of 600 a month when I finally start getting paid at 62.