Military Retirement

Military retirement is a benefit awarded to service members after completing a specified period of active duty, typically 20 years, allowing them to receive a pension for life. The pension amount is based on a percentage of their highest average base pay, known as the "retired pay base," calculated using their years of service and a predetermined formula. This system provides financial security post-service, recognizing their commitment and service. Retirees often remain eligible for other benefits like healthcare and military privileges, ensuring ongoing support beyond active duty.