To calculate military retirement pay, consider tenure, then apply the retired pay base and retired pay multiplier to arrive at the total compensation package. Whether an individual was involved in active duty impacts how... More » Government & Politics Military

The basic pay of a member of the U.S. Armed Forces is determined by the grade or rank of the member and his years of service. The basic pay may also be affected by the type of service the member is performing, such as ac... More » Government & Politics Military

Base pay for an active-duty officer in the U.S. Army is based on experience and rank. For example, a Major (O4) with six years of experience earns $69,987.60 per year as of 2015. A Second Lieutenant (O1) with less than t... More » Business & Finance Careers Salaries
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Retirement plans for the Air Force determine monthly pay by multiplying the person's retired pay base by his service percentage multiplier, as of 2015. The retired pay base is based on the person's basic pay. More » Government & Politics Military

Defense Force Accounting Services retirement pay is calculated by multiplying the retiree's base pay by the service multiplier. The service multiplier is calculated by multiplying the time the retiree served by 2.5 perce... More » Business & Finance Financial Planning

Military retirement pay is offered to veterans who serve a minimum of 20 years, and it is calculated by multiplying a retired pay base by one of several percentage multipliers, according to There... More » Government & Politics Military

Benefits for veterans with disabilities include service-connected disability compensation, United States Department of Veterans Affairs (VA) pension, concurrent retirement and disability payments, combat-related special ... More » Government & Politics Military