What Is the Retirement Pay for a Retired Air Force Colonel in 2014?
Last Updated Mar 28, 2020 1:12:32 PM ET
The pay for a retired Air Force colonel with 30 years of service ranges from an accumulative savings of $100,000 to $1.65 million, according to the Office of the Secretary of Defense. The amount received is dependent upon age of retirement and type of retirement plan selected.
As of 2015, the High-3 year system and the REDUX retirement system are the two options available, with the former resulting in a slightly higher monthly pay. The REDUX plan offers a $30,000 Career Status Bonus after 15 years of service. The High-3 option allots up to 75% of the monthly pay while on active duty as the monthly retirement amount.
More From Reference
Will 5G Impact Our Cell Phone Plans (or Our Health?!)
The Secret Science of Solving Crossword Puzzles
Racist Phrases to Remove From Your Mental Lexicon
Is the Coronavirus Crisis Increasing America's Drug Overdoses?
Fact Check: What Power Does the President Really Have Over State Governors?
Festival of Sacrifice: The Past and Present of the Islamic Holiday of Eid al-Adha