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Navy reserve retirement calculator Form: What You Should Know

The Guard and Reserve pay is also known as the Guard/Reserve Pay. Guard and Reserve members receive their basic pay from the General Fund and any pay for training, special duty, overseas duty or any of other pay provided to a Reserve Member in the name of the Reserve or Guard. This pay is also known as the Guard or Reserve Pay. Guard/Reserve Pay is used by the Guard and Reserve members to make up for the difference between the basic pay the Guard or Reserve members collect and their full-time pay. A Guard/Reserve pay check is not a separate pay check, it is usually presented to an employee as a supplement to the regular pay period. Retired Pay Mar 6, 2024 — A Reserve member receives his/her retired pay in the same calendar year in which the active component member retired. If an active member decides to remain in the active reserve or National Guard service he/she will receive retiring pay from the date he/she retires. Reserve Pay The Reserve Pay is for those in the active service. It is not a supplement benefit to basic pay. A Reserve member continues to receive Reserve Pay after leaving the active army and navy service. A Reserve pay check is not a separate pay check, it is usually presented to an employee as a supplement to the regular pay period. The pay that you receive will not be reduced for the amount of time you are on reserve or active national guard duty. However, the amount of Reserve Pay received after you leave active duty or are discharged is reduced. There are some exceptions to this rule: A Reserve member may receive an additional payment: from his/her service for service-connected disability during period when he/she is on active duty, for military child care expenses, or in some cases, a Reserve Pay can be paid for a Reserve member's spouse. Receiving a Reserve Pay Check Do I Still Have To Pay Taxes? This issue is complicated, but the short answer is no and no is no. A federal employee who has retired in good standing and is in the active or reserve component while attending a college or university, receiving an approved college or training program, or attending a civilian university may not have to pay taxes. However, there are a few requirements. An employee is considered 'in active military service' when: The employee has satisfactorily completed a minimum of 90 days' continuous active duty military service as an immediate family medical or mental health care provider of the military.

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Hi everyone, this is Brenda Sanchez coming to you live from Colorado Springs, Colorado with Military Mondays. Today, we will be discussing why the military can provide a false sense of security. Firstly, I apologize for accidentally going live on the FEM City Colorado Springs wall instead of my personal wall. Nonetheless, I hope you found value in the previous video. I am now doing a redo and broadcasting it on my personal wall. If you are currently watching this live, please type 1 below. If you are watching it via replay, please type 2 below. Additionally, if you have served or are serving in the military, please let me know your branch of service and whether you are an officer or enlisted. This will allow me to tailor future videos to the audience. Hello Michaela and Michael, thank you for joining me again. Please type 1 below if you are watching this live and type 2 if you are watching it via replay. If you have served or are serving in the military, please let me know your branch of service and whether you are an officer or enlisted. Now let's dive into the topic of why military retirement can be a false sense of security. There are multiple reasons for this. Firstly, let me share my personal experience. I retired as a reservist after serving in the Air Force for 27 years. However, as a reservist, I do not immediately receive a retirement check. Instead, I am considered a gray zone reservist, which means I am in between retirement and when I can start collecting my retirement benefits. Furthermore, being a reservist also means that I do not have access to medical benefits, except for those related to service-related disabilities that can be addressed by the VA. For...