U.S. Department of Veterans Affairs | 810 Vermont Avenue, NW Washington DC 20420. This is simply a 365 day range to signify the year you started the active reserve process. The basic pay charts below are for Reserve Enlisted Members of the United States Army, Navy, Marines, Air Force, Coast Guard and National Guard for the calendar year 2019, beginning January 1st as approved. National Guard & Reserve members who complete a minimum 20 qualifying years of service become eligible for retired pay at age... Get the latest on pay updates, benefit changes and award-winning military content. 2. On a typical weekend, you would work 4 drill periods. Can You Take Early Retirement From the Guard or Reserves? You also work a civilian job, and the military is only a small part of your paycheck. Learn more about your Reserve National Guard VA benefits, such as Education, Home Loans, Disability Compensation, and Pension. Based on four drills, equal to a typical "drill weekend", the basic pay amounts are rounded to the nearest U.S. dollar and are for the Reserve and Guard components of the Navy, Marines, Army, Air Force, and Coast Guard. The highest 36 months for a member who transfers to the Retired Reserve until age 60 will normally be the 36 months before they turn 60. If you are not activated, you would need to sign up for TRICARE Reserve Select, and the cost would be $221.38 per month for the service member and their family, $46.09 for just the service member. 1. In the Reserves or National Guard, you will receive retirement pay (if you qualify) when you turn 60 years old - which could be up to 20 years later in life for some Reserve retirees. The formula for computing equivalent years of service for Reserve retired pay at age 60 is fairly simple: Total number of Creditable Retirement Points, divided by 360. There are also over 60 special and incentive military pays that you may or may not qualify for. If you happen to be gone for more than 30 days, you would then receive. You won’t be able to keep TRICARE, at least in its current form, forever. Guard and Reserve members typically serve “ one weekend a month, two weeks a year,” though in practice it performs exactly as described. Active Guard and Reserve members performing active service with pay from the Federal government may qualify for a variety of VA benefits. Here is how to figure out how you qualify for reserve retirement pay: If you are a member of the Active Reserves or National Guard member, you must meet the following minimum requirements to be eligible for retired pay at age 60 (age 50 in some cases): • be at least 60 years of age (Note: Some reservists may qualify for retirement pay as early as age 50), and, • have performed at least 20 years of qualifying service computed under Section 12732, Title 10, United States Code (See Qualifying Year below), and, • have performed the last eight years of qualifying service while a member of the Active Reserve. Multiply the result by the basic pay in effect on the date your retired pay starts. © 2020 United States National Guard ELIGIBILITY. Reserve members who serve on active duty qualify for many VA benefit programs, including those who serve as part of the Active Guard Reserve. COLAs are normally effective 1 December and payable the first working day in January. This is a guide to help you understand your Leave and Earnings Statement (LES). This subject is too broad and complex to be explained fully in an article, but in very general terms, a soldier establishes a retirement year ending date by entering the Active Reserve. If you want to earn more, all you have to do is spend enough time in the National Guard so that you can move up the ranks. What's the Minimum Amount of Time You Can Enlist in the Military? What Is an Overseas Housing Allowance (OHA)? Can You Be Recalled to Active Military Duty After Getting Out? This could be active duty under Title 10 or full-time National Guard duty under Title 32, to include performing full-time duties as an Active Guard Reserve member. As a Reserve/National Guard member, you must have 20 “qualifying” years of service to be eligible for retired pay at age 60. The pay scales for each reflect their different degrees of responsibility. This pay scale is for 4 drills a month which is equal to a regular drill weekend per month plus two week training drill each year. The good news is that there is legislation that will help. National Guard or Reserve members who serve one weekend a month and two weeks a year. Developed by NCCM Thomas Goering USN (Retired). Depending on the date you initially entered military service, also called your DIEMS date, your monthly Reserve retired pay will be calculated under the “Final Basic Pay” or “High-3” formula as follows: • DIEMS date before 8 September 1980 – “Final basic pay.” Multiply your years of satisfactory (equivalent) service by 2.5%, up to a maximum of 75%. To enter and activate the submenu links, hit the down arrow. The pay amount for a single drill would be equal to 1/30th of the 2020 active duty basic pay. As far as TRICARE goes, you will have to pay a monthly fee unless you are activated to serve on active duty.