Unlike active-duty sailors, Navy Reserve retirees cannot draw their retirement pay until they are 60 years old. Those who have been called to active service during their time in the Reserve any time after Jan. 28, 2008, may subtract three months from the age at which they can retire for ...
“The Navy provided preliminary notification of an error and (DFAS) is also contacting those affected retirees and members of the Fleet Reserve, notifying them of the overpayment and corrective measures underway to correct their retirement or retainer pay,” Chernitzer said in an email to Navy Ti...
“The Navy provided preliminary notification of an error and (DFAS) is also contacting those affected retirees and members of the Fleet Reserve, notifying them of the overpayment and corrective measures underway to correct their retirement or retainer pay,” Chernitzer said in an email to Navy Ti...
Great Pay and Benefits Navy Reserve Sailors earn pay and retirement credit, making it one of the only part-time jobs that provides a chance to earn a retirement. Reserve Sailors continue to compete for advancement...
My retirement plan is still fluid; I haven't decided to really start spending my retirement savings.The reasons are 1. greed; I like to see my net worth increase 2. habit; I'm not accustomed to spending lavishly. In January I thought about it, and I decided to spend every penny over...
Reserve Pay Officer LT Paul Hood is cited for superior professional achievement from 19 Mar 2010 to 01 Jun 2012. During this period he served with distinction as the Reserve Pay Officer and the Assistant Admin Officer for Navy Reserve, Office of Naval Research, Science and Technology Unit 102 ...
you to enlist. It is the responsibility of the recruiter to assist in your transition for civilian to Navy life. If you find that you are not adjusting well, express your concerns to your recruiter and explain that you would like to explore your options for leaving the Navy Reserve. ...
I married shortly after I became a Reservist. That Navy Reserve income plus my civilian job kept a roof over our head, children fed and contributed to our retirement savings. However, when I turned sixty, my wife and I decided to start a business. It was a niche opportunity that she and...
FAP participation time is not creditable for retirement or pay purposes (longevity). Time in residency training shall not be applied against the 8-year Military Service Obligation. FAP participants are eligible for consideration for promotion by inactive reserve Medical Corps selection boards. All prog...
The United States Navy was founded in 1775, and a Department of the Navy was established in 1798. Today, the Navy is nearly half a million strong, withapproximately 326,000 service memberson active duty and 110,000 reserve personnel. Whether serving your country for a single tour of duty ...