Upon retirement, active duty personnel get 2.5 percent of basis pay for each year of service up to a maximum of 100 percent. Suppose you retire in 2015 as a colonel after 30 years of active duty. $10,952.40 Basis * 2.5 percent * 30 years = $8,214.30 monthly retirement pay This is t...
Witness the banal, hackneyed behavior of the Louisiana Legislature, particularly over the past 10, 20, 30 years. Because the state has systematically failed to pay its mandated share into the state retirement system, we’re now saddled with an insurmountable unfunded liability in each of the stat...