FY1994 DoD Statistical Report on the Military Retirement System

Abstract

The military retirement system is for members of the Army, Navy, Marine Corps, and Air Force. However, most of the provisions also apply to retirement systems for members of the Coast Guard (administered by the Department of Transportation), the Commissioned Corps of the Public Health Service (administered by the Department of Health and Human Services), and the Commissioned Corps of the National Oceanic and Atmospheric Administration (administered by the Department of Commerce). Only people in plans administered by the Department of Defense are included in this valuation. The system is a funded, noncontributory defined-benefit plan that includes nondisability retired pay, disability retired pay, retired pay for reserve service, and survivor annuity programs. The Service Secretaries approve immediate nondisability retired pay at any age with credit of at least 20 years of active-duty service. Reserve retirees must be 60 years old with 20 creditable years of service before retired pay commences. There is no vesting before retirement.

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Document Details

Document Type
Technical Report
Publication Date
Sep 30, 1994
Accession Number
ADA640772

Entities

Organizations

  • Defense Manpower Data Center

Tags

DTIC Thesaurus Topics

  • Active Duty
  • Air Force
  • Coast Guard
  • Compensation
  • Complementary Metal-Oxide Semiconductors
  • Consumers
  • Department Of Defense
  • Health
  • Health Services
  • Laser Diodes
  • Marine Corps
  • Military Personnel
  • Personnel Management
  • Price Index
  • Public Health
  • Three Dimensional
  • Two Dimensional

Readers

  • Military Mobilization and Reserve Forces Studies.
  • Personnel Management and Statistics in the Military and Department of Defense