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I've worked with many that have retired and entered the private sector. My understanding is that they continue to make their tax-free enlisted salary (via their
by nunez 3y ago
I've worked with many that have retired and entered the private sector. My understanding is that they continue to make their tax-free enlisted salary (via their pension) after retirement on top of whatever they're making in their private sector job. For high-ranking officers, this can be >$100k!
Many of these folks have second homes, a small RE portfolio, and more!
- tyingq 3y agoIt's some percentage of their pay, depending on how long they were in. There's a few different plans, but roughly...50% if you're in 20 years, 75% at 30 years, etc. Also, only a percentage of the base pay. Not of the housing allowances and other pay they receive while active. https://militarypay.defense.gov/Pay/Retirement/ https://militarypay.defense.gov/Pay/Retirement/