O6 Air Force Retirement Pay

For a more detailed military pay estimate use our air force pay calculator.

O6 air force retirement pay. Welcome to the united states air force. Learn about great opportunities for enlisted airmen officers and health care professionals. Taxes and participation in the sbp are not considered. Monthly retirement pay as of jan.

This means that if you retire at 20 years your retirement will be 40 of your base pay 30 years minus 20 years 10 years the normal high 36 retirement pay at 20 years is 50 of your base pay. The redux jump reflects the cost of living catch up adjustment and multiplier re adjustment at age 62. A colonel is a field officer in the united states air force at dod paygrade o 6. This first chart depicts the estimated gross monthly retired payments under both retirement options.

In addition to basic pay colonels may receive additional pay allowances for housing and food as well as special incentive pay for hostile fire and dangerous. You can use the simple calculator below to see basic and drill pay for a colonel or visit our air force pay calculator for a more detailed salary estimate. For 2019 congress approved the biggest active duty military pay raise in almost a decade. Eligibility in general airmen who have accumulated 20 years of active service are eligible for retired pay when they retire from the air force.

Redux calculator this calculator estimates your retirement benefits under the redux retirement plan for those who opted for the career status bonus at 15 years of service. Exact amounts of retirement pay vary by individual and depend on such factors as annual pay raises and dates of longevity pay increases compared to dates of retirement. As of 2016 there are roughly 300 000 active duty 100 000 air national guard and 70 000 reservist airmen. Final pay calculator this calculator estimates your retirement benefits under the final pay retirement plan for those members who first joined prior to september 8 1980.

Air force colonel pay calculator starting pay for a colonel is 6 931 20 per month with raises for experience resulting in a maximum base pay of 12 270 30 per month. Retirement pay is pro rated for additional months of service. In comparing your options focus on the differences on the level of retired pay. Retired pay amount and requirements depend on whether a service member qualifies for active duty retired pay or non regular retired pay reserve component.

A 2 6 percent active duty pay raise was included in the bill as was authorization an increase in end stength by 15 600 troops.