Happy 2007 to newcomers and regular readers. I hope your 2007 is going to shape up half as good as mine looks to be. A lot has happened here at the Retired pay blog in the past year. One of the most noteworthy events … we made a big move. I’m now blogging out of our home in St. Michael’s subdivision, Marilao, Bulacan province in the Philippines. Among other things I’m enjoying my Reserve retirement, so pokey and opinionated as I may be, at least you can’t say I don’t walk the walk.
The thrust of my writing is about the technicalities of evaluating assets, especially government (CSRS, FERS and Active and Reserve Military) annuities for divorce cases. I’ll continue to research, write and consult on those issues. But a huge proportion of the searches that folks use to find this blog are in the area of Reserve Forces retirement, so I decided to start the year with a few guides for those who need answers.
One of the most prestigious and useful sites is run by the Reserve Officer’s Association, a professional/fraternal group dating back to at least 1922. Their site comes in three main flavors:
Army: , Navy: and Air Force:
All pages contain a link to one of the most requested items here … a calculator for Reserve retirement. See the calculator here and get a good idea on how much you, your spouse or your client will earn.
They also have a total treasure trove of information on their links page … especially links to specific legal data that aren’t easily found in the general search engines. See here
Thanks ROA
Can a reservist who retires at age 45 still earn PME points to age 60?
Hi D. Edward, thanks for dropping by and for raising that question. The answer is, it depends on what you mean by ‘retires at age 45′? A majority of reservists request assignment to the Retired Reserve once they have 20 good years in. They can no longer acquire any more retirment points aftre their transfer, including PME course points. A few reservists request discharge after 20 good years. Obviously, they can’t earn any PME points, they are no longer members.
If you are 45, with 20 good years, the options you have where points can still be eraned are stay in your active reserve assignment … you can stay until your 60th birthday. Yeah, I know, I didn’t want to do that either
But you do not have to be in an active, drilling or paid status with a reserve unit to earn points. Reservists in many categories can earn points and gain qualifying years toward retirement. These include: Participating Individual Ready Reserve, Individual Mobilization Augmentees, Navy Volunteer Training Units and Standby Reserve-Active Status List.
So before requesting assignment to the retires Reserve, you have many options, after being transferred, the door to additional points is effectively closed. Hope htis helps.