The best video on calculation of the reserve pension. I've been through 100 videos and they never explained it like you did. My search is over, thank you...
Thanks for a great video and for clearly explaining how Reserve retirement pay is calculated! This is probably one of the best videos on UA-cam in terms of explaining the formula. One comment- it appears that a large number of gray area retired Reserve and Guard members are eligible to collect retirement pay prior to age 60 due to qualifying active duty periods from 2008 onwards. This is due to the large number of active duty mobilizations in the Reserve and Guard over the past 2 decades to Iraq, Afghanistan, and other OCONUS and CONUS locations.
I heard that although you dont collect a pension until age 59.5 as a reservist you can bump it down one year for each year of AD service, is that something you are familiar with?
I just turned 60 in January and put in my paperwork 6 months prior after retiring from the Air National Guard in 2006 . DFAS just got the paperwork for final processing and i was confused by the calculator and formula. You explained it pretty well so I think I have a good idea what I will be getting a month! I still have a hard time figuring out how to calculate the high 36? I am guessing it is based on the current pay chart? Hopefully it wouldn't be the pay chart from 2006?
To the best of my understanding, it is based on the pay chart in effect when you begin retirement (2024) not when you qualified for retirement (2006). That's how they account for cost of living adjustments.
For National Guard Soldiers and Airmen, Get your NBG23A from your admin system of record to get your current points. My updated one is generally published every April
how much percentage will option C on the RCSBP cost me out of that gross retirement pay when I turn 60 and start to collect? And is it true that my military retirement pay will be offset by the 10% disability that I'm already getting from the VA?
For the first question? Ugh...I can find just enough information to be frustrated. There seems to be a benefit calculator here: myarmybenefits.us.army.mil/Benefit-Calculators/SBP-Premium-Calculator. The problem I'm running into is that since I am retired AGR, DMDC is blocking me from accessing the RCSBP calculator. I'll put the issue of RCSBP in the queue to research and do a video on. For the second question, I have a video that addresses the "VA Offset" and related programs: ua-cam.com/video/ZLIY1o2k_24/v-deo.html. Just based off the information you provided, it sounds like you will not qualify for Concurrent Retired and Disability Pay (CRDP). But there might be more to your story. If you want to continue the discussion, you can message me at LinkedIn. www.linkedin.com/in/charles-weko UA-cam comment section is not the best place for having constructive dialog.
So, let's say for example a Retired Reservist was eligible to retire early under the Reduced Age / 90 Day Drop let's say at 57 1/2 y/o in 2022 but doesn't submit their Retirement Application until they're let's say 59 1/2 y/o in 2024. What Pay Chart Years would DFAS use to calculate the average of the HIGH-3? Would they use 2020, 2021 and 2022 or 2022, 2023 and 2024? Thanks in advance.
Ed, shoot me a note at chuck.weko@gmail.com...UA-cam is terrible for handling this kind of sophisticated question. Plus, I have to reach out to HRC to answer this question. The guidance that I can find is old, but it seems to suggest that Reserve Retirement pay is retroactive so I *think* they would use the 2020-2022 pay charts.
My reserve retirement was in 2014 but won’t collect my pension until 2031. What pay chart do I use to calculate my retirement pay? Do I use my 2014,2013 and 2012 pay charts? I think I use the pay scale the year I start collecting.
Technically, the year you claim your pension is the year's pay table they use. So it will be the 2031 table (once it is published). At this point, you can make an estimate using the 2024 table. And just as a Public Service Announcement, make sure you take into account any service time that counts towards early retirement.
First couple of weeks in a MSG from Vietnam sat me down. Said listen here's an easy way to figure it out. In the reserves Army or NG. With only traditional drills and AT, no real active duty time, title 10. It basically calculates out after 20 years to 25% base pay. So if a 20 year MSG active duty gets $4000 a month base pay a reservist would receive $1000 per month at 62. These are very rough numbers but i found over the years he was pretty close.
Here is the link to the BRS video (ua-cam.com/video/deCZeHzd4I0/v-deo.html)...One of the reasons I keep saying "High 36" is because BRS uses the same "High 36" metric for average base pay. The only difference is that BRS changes the multiplier from 2.5% to 2.0%.
Great stuff, Charles. Is there a way I can direct message you. You mentioned Linked-in below, but apparently you have to be a premium member, which I'm not interested in subscribing to. I built a reserve component retirement calculator that I was wondering if you would be able to validate/invalidate.
@benjaminbullington214...shoot me a note at chuck.weko@gmail.com. I also think I sent you a LinkedIn connection request which might make that process work. I would love to take a look at what you are doing. Particularly because I'm curious what questions you are trying to answer with your calculator...just between you and me, I don't think the DOD calculators answer the questions that retirees have.
Aloha. What’s the retirement for this situation… Guard for 5yrs doing minimum 50pts/yr (250 total PCARS). Joins the AD for 20 yrs retires E7. What happens to those 5yrs of ANG time? Do you collect that at 60?
Ahhh...What happens is that you only get one retirement. Since you had 20 years Active Duty, you will receive a Regular Retirement that starts when you retire. But those additional points will get added to your calculation of "Years of Service". Most people in your situation have something called a "Basic Active Service Date" that modifies their "Pay Entry Basic Date" to account for the reserve time (ua-cam.com/video/gX9vsO32EhA/v-deo.html). Although different services have their own forms and terms for this. Shoot me a note at chuck.weko@gmail.com if you want to chat further (UA-cam comments are lousy for back and forth conversations.
@crazyco225, with what you have described, you would qualify for a non-regular retirement (the so-called "Reserve Retirement"). So all your calculations are done under Chapter 1223 of Title 10 using the Reserve calculations. Shoot me a note at chuck.weko@gmail.com if you want to talk more.
Quick question: I’m looking at my Army reserve points. They saying I’m short 1 year. But when I look at the Accounting Retirement statement. I noticed im being SHORTED 2 separate years. My ride date is : October 6 I NOTICED the error is because they not ADDING CORRECTLY EXAMPLE If I did an active duty training let’s say from October 8,2020- May 4,2021 - earned 35 points then May 5,2021 - October 6,2021 - earned 40 points Since it’s in the same year, shouldn’t they add 40 points + 35 points = 75 points there by A GOOD YEAR?? Or am I mistaken
Without seeing the details, I can't tell. But it seems like you would be correct. If you would like to continue this conversation, reach out to me at www.linkedin.com/in/charles-weko. UA-cam does a poor job of managing conversations that go beyond a one time comment and reply.
As of 2018, folks who enlist in the military are under BRS. The only change to the calculation is that the 2.5% multiplier gets reduced to 2.0%. BRS does offer some matching for TSP, but I haven't thought about what that really means for reservists.
Yes. The way it works is that there are two different types of retirement (ignoring medical retirements for now). "Regular Retirement" and "Non-Regular Retirement". To qualify for the Regular Retirement, you have to have 20 full years of Active Federal Service. To qualify for the Non-Regular Retirement (the "reserve retirement"), you need 20 qualifying or "good" years. So an AGR who has spent a couple years in a Reserve status will typically have a some "good years" that don't count towards the Regular Retirement. They usually qualify for a Non-Regular Retirement a couple years before they qualify for a Regular Retirement. Once they qualify for the Regular Retirement, they can retire and immediately start drawing a pension.
So as a grey area retiree, i am 37 once i have a 20 year letter but not until i apply for actual retirement is how it will be calculated? So id really look at the 40 year pay scale for my last rank?
It appears so. As a grey area retiree, you never really leave the Ready Reserve. You either, continue to drill or move to the IRR. And the funny thing about the IRR is that "your clock keeps ticking". It applies to many aspects of a military career. For instance, a 1LT who enters the IRR will get promoted to CPT without taking any action.
can you confirm oe deny that now there 2.5 is no 2.0 multiplier? The high 36 month is only for old schools no? what about the BRS guys? hows that counted ?
The structure of the formula stays the same (Years of Service * Multiplier * Average of Highest 36 Months BP). What changed from the High-3 to BRS is the multiplier. 2.5% per year for High-3. 2.0% for BRS. Servicemembers who joined after January 2018 are automatically enrolled in BRS.
Respectfully, no. If you retire with 20 qualifying years under the HIGH-3 system your multiplier will be 50% (it would be 40% under Blended Retirement). That 50% gets multiplied by the average of your highest 36 months of base pay. Roughly speaking, you are multiplying 50% by the number in the 20 year column for your grade.
@@the_bureaucratoh ok, I was confused, in the video the Master Sergeant retired with 22 good years but the pay chart column you used to multiply was the 40 years column.
Shoot me a note at chuck.weko@gmail.com. I like the way you ask this question because it gets at an important point that gets overlooked...There are three types of retirement: Regular, Non-Regular (often called Reserve), and Medical. Each has different calculations which account for a blend of Active and Reserve time. However, the bottom line for each calculation mainly depends on which one of these three types you qualify for.
It doesn't change the math, but being a chaplain might change some details about your experience. You already know that your promotion boards are different, but your service in as a "Grey Area Retiree" my be different too because your continued service relies less on youthful physical fitness. ua-cam.com/video/nMQcAHMu7lI/v-deo.html
@TC.....I did a video on it a little while ago - ua-cam.com/video/deCZeHzd4I0/v-deo.html Frankly, I haven't worried too much about it in my videos because the first retirees won't show up until 2038 (except for a few folks who opted in). Happy to go after specific issues if you want to shoot me a note at chuck.weko@gmail.com
Scratching my head wondering if you disrespected the death of Delta Force Master Sergeant Joshua L. Wheeler by using his picture to explain reserve component retirement pay.
The best video on calculation of the reserve pension. I've been through 100 videos and they never explained it like you did. My search is over, thank you...
Thanks. Did you see this one about early retirement? ua-cam.com/video/t6y7t_yTfDE/v-deo.html
This is BY FAR the best video explaining reserves retirement pay calculations. Thank you!!
You're welcome. Shoot me a note at chuck.weko@gmail.com if you run across any questions that you can't find answers to.
Thanks for a great video and for clearly explaining how Reserve retirement pay is calculated! This is probably one of the best videos on UA-cam in terms of explaining the formula. One comment- it appears that a large number of gray area retired Reserve and Guard members are eligible to collect retirement pay prior to age 60 due to qualifying active duty periods from 2008 onwards. This is due to the large number of active duty mobilizations in the Reserve and Guard over the past 2 decades to Iraq, Afghanistan, and other OCONUS and CONUS locations.
That's right. I have a video coming in a couple days that explains how to get that early retirement.
I heard that although you dont collect a pension until age 59.5 as a reservist you can bump it down one year for each year of AD service, is that something you are familiar with?
That is true...check out this video: ua-cam.com/video/t6y7t_yTfDE/v-deo.html
Thank you so much for explaining it so clearly.... for a simple thing to be so CONVOLUTED 🙃
You're welcome...it does seem unnecessarily complicated.
Chuck - another good one!
Thanks.
Thanks for breaking it down this was helpful and easier to understand than the website lol
My pleasure. Those websites never seem to make any sense.
I just turned 60 in January and put in my paperwork 6 months prior after retiring from the Air National Guard in 2006 . DFAS just got the paperwork for final processing and i was confused by the calculator and formula. You explained it pretty well so I think I have a good idea what I will be getting a month! I still have a hard time figuring out how to calculate the high 36? I am guessing it is based on the current pay chart? Hopefully it wouldn't be the pay chart from 2006?
To the best of my understanding, it is based on the pay chart in effect when you begin retirement (2024) not when you qualified for retirement (2006). That's how they account for cost of living adjustments.
@mdkzztop. How do you apply for the paperwork?
Chuck, great video!
Thanks, man...I try.
For National Guard Soldiers and Airmen, Get your NBG23A from your admin system of record to get your current points. My updated one is generally published every April
Yes!...I think those documents are updated on the anniversary of your entry to service.
how much percentage will option C on the RCSBP cost me out of that gross retirement pay when I turn 60 and start to collect? And is it true that my military retirement pay will be offset by the 10% disability that I'm already getting from the VA?
For the first question? Ugh...I can find just enough information to be frustrated. There seems to be a benefit calculator here: myarmybenefits.us.army.mil/Benefit-Calculators/SBP-Premium-Calculator. The problem I'm running into is that since I am retired AGR, DMDC is blocking me from accessing the RCSBP calculator. I'll put the issue of RCSBP in the queue to research and do a video on.
For the second question, I have a video that addresses the "VA Offset" and related programs: ua-cam.com/video/ZLIY1o2k_24/v-deo.html. Just based off the information you provided, it sounds like you will not qualify for Concurrent Retired and Disability Pay (CRDP). But there might be more to your story.
If you want to continue the discussion, you can message me at LinkedIn. www.linkedin.com/in/charles-weko UA-cam comment section is not the best place for having constructive dialog.
So, let's say for example a Retired Reservist was eligible to retire early under the Reduced Age / 90 Day Drop let's say at 57 1/2 y/o in 2022 but doesn't submit their Retirement Application until they're let's say 59 1/2 y/o in 2024. What Pay Chart Years would DFAS use to calculate the average of the HIGH-3? Would they use 2020, 2021 and 2022 or 2022, 2023 and 2024? Thanks in advance.
Ed, shoot me a note at chuck.weko@gmail.com...UA-cam is terrible for handling this kind of sophisticated question. Plus, I have to reach out to HRC to answer this question. The guidance that I can find is old, but it seems to suggest that Reserve Retirement pay is retroactive so I *think* they would use the 2020-2022 pay charts.
My reserve retirement was in 2014 but won’t collect my pension until 2031. What pay chart do I use to calculate my retirement pay? Do I use my 2014,2013 and 2012 pay charts? I think I use the pay scale the year I start collecting.
Technically, the year you claim your pension is the year's pay table they use. So it will be the 2031 table (once it is published). At this point, you can make an estimate using the 2024 table. And just as a Public Service Announcement, make sure you take into account any service time that counts towards early retirement.
THANK YOU!@@the_bureaucrat
First couple of weeks in a MSG from Vietnam sat me down. Said listen here's an easy way to figure it out. In the reserves Army or NG. With only traditional drills and AT, no real active duty time, title 10. It basically calculates out after 20 years to 25% base pay. So if a 20 year MSG active duty gets $4000 a month base pay a reservist would receive $1000 per month at 62.
These are very rough numbers but i found over the years he was pretty close.
That's a good rule of thumb assuming no active duty time. The thing that gets tricky today is all the time the Reserves spent in Iraq and Afghanistan.
Do you need to do one on the blended retirement system because you kept mentioning the high 36
Here is the link to the BRS video (ua-cam.com/video/deCZeHzd4I0/v-deo.html)...One of the reasons I keep saying "High 36" is because BRS uses the same "High 36" metric for average base pay. The only difference is that BRS changes the multiplier from 2.5% to 2.0%.
Great stuff, Charles. Is there a way I can direct message you. You mentioned Linked-in below, but apparently you have to be a premium member, which I'm not interested in subscribing to. I built a reserve component retirement calculator that I was wondering if you would be able to validate/invalidate.
@benjaminbullington214...shoot me a note at chuck.weko@gmail.com. I also think I sent you a LinkedIn connection request which might make that process work. I would love to take a look at what you are doing. Particularly because I'm curious what questions you are trying to answer with your calculator...just between you and me, I don't think the DOD calculators answer the questions that retirees have.
Aloha. What’s the retirement for this situation… Guard for 5yrs doing minimum 50pts/yr (250 total PCARS). Joins the AD for 20 yrs retires E7. What happens to those 5yrs of ANG time? Do you collect that at 60?
Ahhh...What happens is that you only get one retirement. Since you had 20 years Active Duty, you will receive a Regular Retirement that starts when you retire. But those additional points will get added to your calculation of "Years of Service". Most people in your situation have something called a "Basic Active Service Date" that modifies their "Pay Entry Basic Date" to account for the reserve time (ua-cam.com/video/gX9vsO32EhA/v-deo.html). Although different services have their own forms and terms for this.
Shoot me a note at chuck.weko@gmail.com if you want to chat further (UA-cam comments are lousy for back and forth conversations.
I have 10 yrs active and 13 NG/Res E6 over 23 total 4976 points. Do the the calculations separately or calculate just the points?
@crazyco225, with what you have described, you would qualify for a non-regular retirement (the so-called "Reserve Retirement"). So all your calculations are done under Chapter 1223 of Title 10 using the Reserve calculations. Shoot me a note at chuck.weko@gmail.com if you want to talk more.
@the_bureaucrat I’m going to email you now. I’m retired, and my AD husband is looking to retire and move into the Reserve Component.
Quick question: I’m looking at my Army reserve points. They saying I’m short 1 year.
But when I look at the Accounting Retirement statement. I noticed im being SHORTED 2 separate years.
My ride date is : October 6
I NOTICED the error is because they not ADDING CORRECTLY
EXAMPLE
If I did an active duty training let’s say from October 8,2020- May 4,2021 - earned 35 points then
May 5,2021 - October 6,2021 - earned 40 points
Since it’s in the same year, shouldn’t they add 40 points + 35 points = 75 points there by A GOOD YEAR??
Or am I mistaken
Without seeing the details, I can't tell. But it seems like you would be correct.
If you would like to continue this conversation, reach out to me at www.linkedin.com/in/charles-weko. UA-cam does a poor job of managing conversations that go beyond a one time comment and reply.
@@the_bureaucratyou have an email i can send you the pdf? So u can see what I’m talking about
Are newer reservist under the BRS ? How is that calculated?
As of 2018, folks who enlist in the military are under BRS. The only change to the calculation is that the 2.5% multiplier gets reduced to 2.0%. BRS does offer some matching for TSP, but I haven't thought about what that really means for reservists.
If you were an Active Guard reservist, being full time for those twenty years, would you be able to retire before 60 years old?
Yes. The way it works is that there are two different types of retirement (ignoring medical retirements for now). "Regular Retirement" and "Non-Regular Retirement". To qualify for the Regular Retirement, you have to have 20 full years of Active Federal Service. To qualify for the Non-Regular Retirement (the "reserve retirement"), you need 20 qualifying or "good" years. So an AGR who has spent a couple years in a Reserve status will typically have a some "good years" that don't count towards the Regular Retirement. They usually qualify for a Non-Regular Retirement a couple years before they qualify for a Regular Retirement. Once they qualify for the Regular Retirement, they can retire and immediately start drawing a pension.
So as a grey area retiree, i am 37 once i have a 20 year letter but not until i apply for actual retirement is how it will be calculated? So id really look at the 40 year pay scale for my last rank?
It appears so. As a grey area retiree, you never really leave the Ready Reserve. You either, continue to drill or move to the IRR. And the funny thing about the IRR is that "your clock keeps ticking". It applies to many aspects of a military career. For instance, a 1LT who enters the IRR will get promoted to CPT without taking any action.
I am echoing the compliments on a clear understandable video. I didnthe calculator and this calculation in the video nd they are roughly the same.
Awesome.
can you confirm oe deny that now there 2.5 is no 2.0 multiplier? The high 36 month is only for old schools no? what about the BRS guys? hows that counted ?
The structure of the formula stays the same (Years of Service * Multiplier * Average of Highest 36 Months BP). What changed from the High-3 to BRS is the multiplier. 2.5% per year for High-3. 2.0% for BRS. Servicemembers who joined after January 2018 are automatically enrolled in BRS.
@@the_bureaucrat ty
Can a 100% VA soldier (prior active duty) retire at 20 years of reserve and collect retirement pansion at 69 as well or not?
I don't understand the question, shoot me a note at chuck.weko@gmail.com
If I retire in 20 years my multiplier for my pay table would be the 40 year chart instead of the 20 year?
Respectfully, no. If you retire with 20 qualifying years under the HIGH-3 system your multiplier will be 50% (it would be 40% under Blended Retirement). That 50% gets multiplied by the average of your highest 36 months of base pay. Roughly speaking, you are multiplying 50% by the number in the 20 year column for your grade.
@@the_bureaucratoh ok, I was confused, in the video the Master Sergeant retired with 22 good years but the pay chart column you used to multiply was the 40 years column.
That's because he is a Reservist and they calculate his years of service off when he applied for retirement.
Good to know, but what if you’ve mixed active duty with reserves? Add two years of IRR and that’s my predicament lol.
Shoot me a note at chuck.weko@gmail.com. I like the way you ask this question because it gets at an important point that gets overlooked...There are three types of retirement: Regular, Non-Regular (often called Reserve), and Medical. Each has different calculations which account for a blend of Active and Reserve time. However, the bottom line for each calculation mainly depends on which one of these three types you qualify for.
If I'm going into the reserves at 40 as a chaplain does this change things for me?
It doesn't change the math, but being a chaplain might change some details about your experience. You already know that your promotion boards are different, but your service in as a "Grey Area Retiree" my be different too because your continued service relies less on youthful physical fitness. ua-cam.com/video/nMQcAHMu7lI/v-deo.html
what about BRS?
@TC.....I did a video on it a little while ago - ua-cam.com/video/deCZeHzd4I0/v-deo.html
Frankly, I haven't worried too much about it in my videos because the first retirees won't show up until 2038 (except for a few folks who opted in).
Happy to go after specific issues if you want to shoot me a note at chuck.weko@gmail.com
I keep doing mine wrong! I would love some help. Reserve 21 yrs. (active plus reserve). E7. 4100 points
Shoot me a note at chuck.weko@gmail.com.
Scratching my head wondering if you disrespected the death of Delta Force Master Sergeant Joshua L. Wheeler by using his picture to explain reserve component retirement pay.
Why would I disrespect any service member?
@@the_bureaucrat he was never in the reserves
Dd 2656! Wtf
Its the SURVIVOR BENEFIT PLAN ELECTION CHANGE CERTIFICATE. If you are looking for help shoot me a note at chuck dot weko at gmail dot com