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	Name:	MrHodja -
	Subject:	Hodgieeee
	Date:	1/3/2011 9:11:56 PM

One can't "retire" after 23 years in the military. Its more like a mid-life career change, because - officer or enlisted - you can't manage a family on what you get in retired pay.

I completed 22 years and 3 months of service 21 years ago. At that time I had three children, the oldest was 19 and the youngest 5. My income was whacked by over half and two of the kids still needed raising. But that is where the unwritten contract comes in. We put up as a family with conditions less peasant than we would have as civilians (don't get me wrong it wasn't bad, it just wasn't as good) - and knowing the option to return to civilian life after 20 or so years with a little check guaranteed every month was part of the motivation to put up with the less pleasant parts of military life.

I have no idea what the 2.5 percent might be under current retirement guidelines. When I served one could retire after 20 years with 50% of their base pay (which was less than the total compensation amount) - and for each additional year one stayed beyond 20 the retired pay increased by another 2.5% of base pay - up to a maximum of 75% after 30 years service.

Other messages in this thread:

View Entire Thread

To Big to Fail - MAJ USA RET - 1/3/2011 4:22:38 PM

To Big to Fail - GoneFishin - 1/3/2011 7:40:18 PM

To Big to Fail - MrHodja - 1/3/2011 8:02:49 PM

Hodgieeee - GoneFishin - 1/3/2011 8:44:33 PM

Hodgieeee - MrHodja - 1/3/2011 9:11:56 PM

To Big to Fail - alahusker - 1/3/2011 10:27:25 PM

Hey Palsie Huskie - GoneFishin - 1/3/2011 10:38:20 PM

To Big to Fail - Talullahhound - 1/4/2011 7:59:12 AM

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