Get Navmc 11905

So for 20 years of service you would receive 50% of the average of your highest three years of base pay (high three average x 2.5 x YOS). Each year of service in excess of 20 years nets you an additional 2.5% of your high three base pay.

Under this system your retirement pay is the average of your highest 36 months of base pay times 2.5% for every year of active duty. Under this system, if you retire at 20 years you get 50% of the average of your highest 3 years base pay. If you retire at 30 years you get 75% of your highest average 3 years base pay.

How much does a Marine Corps make? As of Mar 5, 2023, the average annual pay for the Marine Corps jobs category in the United States is $61,819 a year.

Lieutenant colonels are the second field officer grade in the U.S. Marine Corps. They command from 300-1,000 Marines at a given time and are assisted by one major, junior commissioned officers and one command sergeant major as an enlisted adviser. It typically takes 16-22 years to reach the rank of lieutenant colonel.

Base Pay. After 20 years in the Army, your pay is $3,310 per month, or $39,726 per year as a basic, three-stripe sergeant. If you've moved up to an E-6 staff sergeant, it's $3,944 per month, or $47,328 per year.

The new retirement system is known as the "Blended Retirement System" or BRS. The “blending” in BRS comes from the blending of two major sources of retirement income: the existing annuity provision for those who retire after 20 or more years of service, PLUS the Thrift Savings Plan (TSP).

Members receive Continuation Pay in return for additional obligated service. Active component service members (including Active Guard Reserve (AGR) and Full Time Support (FTS)) enrolled in the BRS will be eligible for a cash incentive of 2.5 to 13 times their regular monthly basic pay.

It's an ASSET that you've earned in service to our great nation: an asset that both you and your family has sacrificed for. In fact, it's a tremendous asset with significant value. For the average retiring officer (let's say an O5 with 20 years), the military pension amount is valued at well over a million dollars.