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Retired Military

Retired Military

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Published by sean.murphy

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Published by: sean.murphy on May 28, 2008
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MilitaryHandbooks.com
FREE Handbooks for the U.S. Military
 
Military Handbooks – 2007 U.S. Military Retired Handbook www.militaryhandbooks.com FREE Military Handbooks and Guides Since 20011
 
2007 U.S. Military Retired Handbook
Published by Military Handbooks, FREE Military Handbooks and Guides Since 2001
 ________________________________________________________________________ 
Copyright © 2007. Military Handbooks, 2101 Wilson Blvd, Suite 110, Arlington, VA 22201. Military Handbookswebsite:http://www.militaryhandbooks.com. All rights reserved. No part of this book may be reproduced in any formor by any means without prior written permission from the Publisher. Printed in the U.S.A.“This publication is designed to provide accurate and authoritative information in regard to the subject matter covered.It is published with the understanding that the publisher is not engaged in rendering legal, accounting or otherprofessional service. If legal advice or other expert assistance is required, the services of a competent professionalperson should be sought.”–
From a Declaration of Principles jointly adopted by a committee of the American Bar  Association and a committee of publishers and associations.
Go tohttp://www.militaryhandbooks.comto sign up for your FREE Military Handbooks today!
 
Military Handbooks – 2007 U.S. Military Retired Handbook www.militaryhandbooks.com FREE Military Handbooks and Guides Since 20012
 Contents
Introduction ……………………………………………………………………………………………. 71. Retirement Overview …………………………………….…………………….…………..…….……. 8Active Duty Retirement …………………………………………….…………….…..………. 8Which System …………………………………………………..……………….……………. 8Final Pay Retirement System …………………………………...……………….……………. 9High 3-Year Average Retirement System ……………………………………….……………. 9CSB/REDUX Retirement System ……………………………………………….……………. 10REDUX System Details …………………………………………………..…….……………. 10The $30,000 Career Status Bonus ……………………………………………….……………. 11Retirement Choice ……………………………………………………………….……………. 11Frequently Asked Questions …………………………………………………….……………. 122. Retired and Annuitant Pay ………………………………………….…………………………….……. 14Preparing for Retirement ………………………………………….…………………..………. 14Documents and Events ………………………………………….…………………………...………. 14Allotment Authorization ………………………………………….……………..……………. 15Separation from Active Duty ………………………………………….……………..……………. 16Payment Method/Schedule ………………………………………….……………..……………. 16Establishing Your Account ………………………………………….…………..………………. 16How Pay is Computed ………………………………………….………………………...…………. 16Tower Amendment ………………………………………….…………………………..………. 17Disability Retirement ………………………………………….………………………...…………. 18Temporary Early Retirement Authorization (TERA) ……………….…………..………………. 18Deductions ………………………………………….……………………………………………. 19VA Compensation ………………………………………….…………………...………………. 20Special Compensation for Severely Disabled ……………………………………………………. 21Foreign Employment ………………………………………….………………..…………………. 21Severance Pay/Separation Pay ………………………………………….….………………………. 21How to Maintain Your Account ………………………………………….…………….……………. 22Changes to Benefits ………………………………………….……………………..……………. 23Survivor Benefit Plan ………………………………………….………………..…………………. 24SBP Costs ………………………………………….……………………………………………. 27Beneficiary Card Information ………………………………………….…….……………………. 293. Transition Assistance …………………………………………………………………………………. 30VA Seamless Transition …………………………………………………..…………………. 30Transition Assistance Program ………………………………………………………………. 30Pre-separation Counseling ……………………………………………………………………. 30Verification of Military Experience and Training …………………….………………………. 30Transition Bulletin Board ………………………………………………………….…………. 30DoD Transportal ………………………………………………………………………………. 30Veterans’ Workforce Investment Program ……………………………………………………. 31State Employment Services ………………………………………………………..…………. 31Unemployment Compensation …………………………………………………..……………. 31Federal Jobs for Veterans …………………………………………………………..…………. 31Starting a Business ……………………………………………………………………………. 31Small Business Contracts ……………………………………………………..………………. 324. VA Pensions ………………………………………………………………………………..…………. 33Eligibility ……………………………………………………………………………..………. 33Improved Disability Pension …………………………………………………………………. 33Improved Disability Pension Rates …………………………………………………..………. 33

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