How do I calculate my Army Reserve retirement?
How do I calculate my Army Reserve retirement?
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 are Army Reserve points calculated?
How Is Retirement Calculated?
- One point for each day of active service (active duty or active duty for training).
- 15 points for each year of membership in a Reserve Component (Guard and Reserve).
- One point for each unit training assembly.
- One point for each day in which a member is in a funeral honors duty status.
How many Muta is good for a year?
50 points
To be eligible for a reserve retirement you need 20 qualified years of service commonly known as “good years.” In order to complete a “good year” a member of the reserves needs to accumulate at least 50 points for retirement. Those points may be earned as follows: 365 points for a year of active duty.
How is reserve drill pay calculated?
Drill pay for National Guard and reserve members performing inactive-duty training or drills is calculated as 1/30th of the active-duty basic monthly pay for each drill period.
How do I get my reserve points statement?
Army Reserve: Soldiers can review their Chronicle Retirement Point Statement DA 5016 at www.hrc.army.mil. Select “My Records” tab to review. You’ll need a Common Access Card.
How many hours is 1 MUTA?
A MUTA-1 is a half day (4-hours of training).
What does MUTA 2 mean?
A MUTA refers to two or more UTAs that take place during one day or over the course of two or more days. No more than two training assemblies may be performed in one calendar day, meaning that a single-day MUTA will last a maximum of eight hours.
What is a Muta 4 drill?
Frequently, National Guard members are required to drill for an entire weekend. Drilling that takes place for eight hours on both Saturday and Sunday (four consecutive UTAs of four hours each) is known as MUTA-4.
How do I use the military pay calculator?
Use this military pay calculator to see your current compensation or to determine compensation based on a change in rank, service years, location or number of dependents. The pay calculator is meant to provide an idea of total income, and should not be used to determine actual salary.
How does the reserve/guard retirement system calculate the multiplier?
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.
How many retirement points do you get for the Army Reserves?
Earning Annual Participation Points 15 retirement pointsare awarded to Guard and Reserve members for each year of service. This includes times spent as a drilling participant or while serving in the Inactive Ready Reserve (IRR).
How much do military retirees get paid when they retire?
If you retired as an O-6 awaiting pay then you’d choose the maximum pay of that rank. In this case, an O-6>30 or $11,094.90/month. If you retired as an O-5 then it’d be $8876.40. At E-7 it’d be $5061.30.
