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  1. Continuation pay (CP) is designed to incentivize Service members to obligate for an additional 4 years of service and increase the likelihood that the members will remain in the Navy until...

    • Pay & Benefits

      Retirement Pay. The following applies to members who retire...

  2. All four of the regular and non-regular retirement plans determine initial monthly retired pay by applying a percentage multiplier to the retired pay base. There are two methods for...

  3. www.mynavyhr.navy.mil › References › Pay-BenefitsPay & Benefits - MyNavyHR

    Retirement Pay. The following applies to members who retire prior to 31 Dec 2006: After completing only 20 years of honorable service, a military retiree would receive 50% of the permanent...

  4. www.mynavyhr.navy.mil › Reserve-Personnel-Mgmt › Reserve-RetirementsReserve Retirements - MyNavyHR

    Visit the DFAS Gray Area Retiree page and create your myPay DFAS account to stay connected. Gray Area Retirees - Navy Reserve. As a Retired Reserve service member who has received a 20-year...

  5. a. Retirement with pay processing is not automatic and eligible RC members must apply to start receiving retired pay. NAVPERSCOM, Reserve Personnel Service Branch (PERS-912) provides...

  6. www.military.com › benefits › military-pay2024 Military Pay Charts

    26 Δεκ 2023 · Military pay will increase 5.2% for 2024, compared to 2023 levels. The military pay charts linked below apply to active members of the Navy, Marine Corps, Army, Air Force, Coast Guard and...

  7. www.mynavyhr.navy.mil › Career-Management › RetirementOfficer Retirements - MyNavyHR

    Creditable service for a regular retirement is transmitted electronically to DFAS, which calculates and disburses retired pay. New Accessions Verifies or corrects active-duty service date,...

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