What would you like to do?

How much is military retirement pay for e-7?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

An E-7's retirement pay depends on his-her years of service, but it would be at least $ 28,000 / annually
2 people found this useful
Thanks for the feedback!
Assuming they served only 20 years-
Short answer: Roughly $2,000 a month.
Long answer:
It will depend on the retirement plan the service member picked.
If the service member picked the high three retirement plan then they will average the service members base pay over the last three years. Then whatever the amount is they will give them 50%. They will gain an additional 2.5% to their retirement for every year over 20- therefore someone retiring at 22 years will received 55% of their high three.
If the service member picked the REDUX plan then they should have received $30K at their 15 year mark and they will only get 40%. But every year over 20 the service member will gain 3.5% So a service member who retires at 22 years will get 47% of their base pay plus they already received the $30K.
One last thing to consider is if the service member picked the Survivor Benefit Plan (SBP). That program will be taken out of the retirement money if it is chosen.
19 people found this useful
Thanks for the feedback!

How much does the military pay for technology?

  Answer   This figure isn't available because no one want's to disclose what types of new weaponry is planned for the wars of the future. It is huge. China for exam

Can military retirement pay be garnished?

Can my military retirement be garnished by a non-government agency? Can my military retirement be garnished? military retirement pay can be garnished through the governmen

How much money does a retired military person make after 30 yrs in service?

I could be wrong about this, but it is my understanding that once you retire the military stops paying you. However, I know for a fact that you get pension and a ton of federa

How much is Married military pay vs single?

  Exactly the same as your normal base pay if you were single. A common misconception is that you get paid more if you're married. You may qualify for a Housing Allowance,

How much can you earn before paying taxes while retired?

There are no special rules for retired people. They follow the same rules as anybody else. To determine if you are required to file a federal income tax form, see Tables 1,

What is the most paying job in the military and how much it pays?

ahaha... im in the marines and it doesnt go off what job you have it goes off your rank. you get paid every 1st and 15th of every month. the higher the rank you are the more

Who pays for retirement?

the government pays for all your accesibilties and neccesities on regular trioxide levels of the junk that replies to this eats oxygem hydrooxide and cant spell the fact they