Video instructions and help with filling out and completing coast guard reserve retirement benefits

Instructions and Help about coast guard reserve retirement benefits

Submarines I'm starting at Dallas and the goal of this video is to shed some light on just how valuable Marine Corps retirement actually is for both active duty and the reserves we get down to the actual dollar amount what your time served is worth on paper so try to stick with me as I break it down real fast active duty retirement is pretty cut-and-dry after 20 years of service you're gonna retire at 50 percent of your base pay 30 years 75 in a nutshell the longer you overshoot that 20 year marks the higher percentage of your base pay you're gonna receive month after month so here's your typical what-if scenario after 20 years of service you retire the pay grade of e8 with a monthly retirement of 24:29 I've given the same scenario you add on an additional four years to that hypothetically promoted to the pay grade of D 9 you just increase your annual retirement an additional $14,000 another scenario after 20 years of service retiring the pay grade of O five would yield you a monthly retirement at forty one seventy eight an additional two years to that will yield you an additional sixty five hundred dollars a year these numbers are based on the 2016 pay scale and have kept up with inflation since 1949 Reserve retirement is much different because it's based on points you'll need a minimum of 50 per year to qualify for a satisfactory year the biggest difference is you start drawing retirement at age 60 or much sooner depending on how long you're mobilized for during that time period during a typical drill weekend you'll earn an average of 46 points you'll also earn credit for any kind of online correspondence or PME and then there's one per day for any time spent on active duty so here's a typical what-if scenario over a one-year period let's say for all of your drill weekends you have a combined total of 50 points then you have your annual training which is your two-week training period during the summer time and let's say you do some online correspondence on green net for an additional ten points with a combined total of 74 points let's say you averaged this over a 20-year period but let's not forget any time served on active duty bootcamp MCT and what's cool let's say you did a total of one year on top of that given the scenario if you retired at age 40 the pay grade of e9u would have generated 1314 a month by the time you're age 60 let's say you already served four years active duty prior to this or you were mobilized for four years you're paying increases by an additional nine thousand dollars a year same scenario eight years active duty as you can see your time spent on active duty there's a lot more valuable than you think so what do you find these so

FAQ

Is it necessary to be a graduate for filling out the admission form for the Indian Coast Guard?
Depends!If you wanna apply for officer cadre, You shall be a graduate and the eligibility is as per the advertisement published on the website.And for Navik entry, 12th pass is mandatory.However for domestic branch, the qualification is 10th pass as shown below.Goodluck!
How do I fill out the yearly percentage in the Indian Coast Guard AC application form when we have a CGPA?
Depends on wjich standard you are applying for10th = cgpax9.5Gradiation = cgpax multiplying factor.In some colleges it is 9.5,9,10 depends on colllege
How do I fill out the educational qualification section of the assistant commandant application form in coast guard (01/2019 batch)?
U should be Bachelor of science hieght166 wt 50 and pass ur exams
How does military reserve and National Guard retirement work?
As you serve, you earn points.1 point for every day of active duty, including initial training. Mobilization, and annual training.1 point for each 4 hi our period of inactive training.Varying points for correspondence courses and other training opportunities.15 points each year just for belonging.Each year that you earn 50 points is a “good year". This is a minimum number, not an average. So if you get 55 points one year, 45 points the next, and 50 points the following year, that I'd still only 2 good years.If you get at least 20 good years, you will be eligible for retirement pay when you reach age 60. You will be given a letter to verify that once the milestone is reached.Once you reach age 60, all your points are added together and divided by 360. The result is multiplied by 2.5% of the base pay for your rank and seniority at that time. That will be your retired pay.Future pay raises do not affect this figure. However, retirees do get pay raises but they are figured separately.