O6 Air Force Retirement Pay

Learn about great opportunities for enlisted airmen officers and health care professionals.

O6 air force retirement pay.

As of 2016 there are roughly 300 000 active duty 100 000 air national guard and 70 000 reservist airmen. For a more detailed military pay estimate use our air force pay calculator. Retirement pay is pro rated for additional months of service. Welcome to the united states air force.

This first chart depicts the estimated gross monthly retired payments under both retirement options. Retired pay amount and requirements depend on whether a service member qualifies for active duty retired pay or non regular retired pay reserve component. Final pay calculator this calculator estimates your retirement benefits under the final pay retirement plan for those members who first joined prior to september 8 1980. The figures below assume the exact number of years of service shown.

In addition to basic pay colonels may receive additional pay allowances for housing and food as well as special incentive pay for hostile fire and dangerous. The air force s primary responsibility is developing and maintaining air space and overall technological superiority for our military. A 2 6 percent active duty pay raise was included in the bill as was authorization an increase in end stength by 15 600 troops. The redux jump reflects the cost of living catch up adjustment and multiplier re adjustment at age 62.

Redux calculator this calculator estimates your retirement benefits under the redux retirement plan for those who opted for the career status bonus at 15 years of service. For 2019 congress approved the biggest active duty military pay raise in almost a decade. A colonel is a field officer in the united states air force at dod paygrade o 6. Monthly retirement pay as of jan.

Eligibility in general airmen who have accumulated 20 years of active service are eligible for retired pay when they retire from the air force. This means that if you retire at 20 years your retirement will be 40 of your base pay 30 years minus 20 years 10 years the normal high 36 retirement pay at 20 years is 50 of your base pay. Exact amounts of retirement pay vary by individual and depend on such factors as annual pay raises and dates of longevity pay increases compared to dates of retirement. Taxes and participation in the sbp are not considered.

In comparing your options focus on the differences on the level of retired pay.