Can any retirees out there confirm that partial years of service are calculated in the retired pay multiplier?
Relevant Law Section (10 USC Ch. 71 Section 1409):
(c) Years of Creditable Service Defined.—In this section, the term "years of creditable service" means the number of years of service creditable to a member in computing the member's retired or retainer pay (including 1/12 of a year for each full month of service that is in addition to the number of full years of service of the member).
How does one confirm this is reflected in a retirees pay?
Retired Pay Multiplier – Partial Years Computation
byu/j_bob_j inMilitaryFinance
Posted by j_bob_j
2 Comments
Relevant Section Link: https://uscode.house.gov/view.xhtml?path=/prelim@title10/subtitleA/part2/chapter71&edition=prelim
Check DoD FMR, Volume 7b. I think that’s covered in chapter 1.