Quote:
Originally Posted by BKKMAN
Based on the 2012 Pay Table [4-Star over 40 pay: 19,239.90; 3-Star over 40 pay: 16,975.80]
Retirement at 4-Star rank: $14429.92 / month or $173,159 / year
Retirement at 3-Star rank: $12731.85 / month or $152,782 / year
“This is not a good old boy network. When you do something wrong you will be held accountable.”
The utter hypocrisy of many officers at the O-6 level and above is breathtaking...most notably, some of the recent statements of General Dempsey and General Odierno are reminiscent of listening to Stepanie Cutter or Debbie Wasserman Schultz spin a topic...
I have seen more than a few good enlisted men (and some lower ranking officers) have their careers ended for far less than the malfeasance/impropriety/misconduct/misbehavior of General Ward or COL James Johnson...
|
I stand corrected. Based on the 2007 Defense Authorization Act, the following was added IRT retirement:
SEC. 642. INAPPLICABILITY OF RETIRED PAY MULTIPLIER MAXIMUM
PERCENTAGE TO CERTAIN SERVICE OF MEMBERS OF THE
ARMED FORCES IN EXCESS OF 30 YEARS.
(a) IN GENERAL.—Paragraph (3) of section 1409(b) of title 10,
United States Code, is amended to read as follows:
‘‘(3) 30 YEARS OF SERVICE.—
‘‘(A) RETIREMENT BEFORE JANUARY 1, 2007.—In the case
of a member who retires before January 1, 2007, with
more than 30 years of creditable service, the percentage
to be used under subsection (a) is 75 percent.
‘‘(B) RETIREMENT AFTER DECEMBER 31, 2006.—In the
case of a member who retires after December 31, 2006,
with more than 30 years of creditable service, the percentage
to be used under subsection (a) is the sum of—
‘‘(i) 75 percent; and
‘‘(ii) the product (stated as a percentage) of—
‘‘(I) 21⁄2; and
‘‘(II) the member’s years of creditable service
(as defined in subsection (c)) in excess of 30 years
of creditable service, under conditions authorized
for purposes of this subparagraph during a period
designated by the Secretary of Defense for purposes
of this subparagraph.’’.
So....he would get the 30 years/75% + 2.5% for every year over that...which would mean 40 years = 100% retirement:
Retirement at 4-Star rank: $19239.90 / month or ~$230,878 / year
Retirement at 3-Star rank: $16975.80 / month or ~$203,709 / year
Guess someone's going to be on food stamps...
Oh, the humanity...