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To be eligible for retirement benefits from the Marine Corps, you generally need to serve for a minimum of 20 years. Once you have completed 20 years of service, you may be eligible for a pension or retirement pay, which can provide you with income for the rest of your life. The exact amount of the pension will depend on factors such as your rank and length of service.
No. Because of a screw up you will get two deposits and your les will only show one week but, you will get your full pay.
My Dad was air force colonel and it's 6K/ month.
The retirement pay of an army major is not known as there is no standard rate of retirement pay. The pay is determined by the type of retirement plan that is chosen.
AIM Pay-Tv Corp. ended in 1984.
AIM Pay-Tv Corp. was created in 1983.
O3 in the Army, Marine Corps, and Air Force; O6 is the Navy and Coast Guard (a Navy and Coast Guard Captain is equivalent to an Army/Marine Corps/Air Force Colonel).
There is no rank of "Commander" in the National Guard. It only exists as part of a job title, e.g., Company Commander (usually a Captain), Battalion Commander (usually a Lieutenant Colonel), Brigade Commander (usually a Colonel), Division Commander (usually a Major General), etc. Retirement pay will be based on rank, time in service, how much active duty time was served, etc.
A corporation hires the services of an employee of another corporation on a contractual basis. For example, Corp X hires Tom from another Corp Y for a 6 months period. Corp X will not pay Tom directly for his services, instead, it will pay Tom's corporation,Corp Y, which in turn will pay Tom after standard deductions.
yes
Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.
In most cases you will keep your rank. You will certainly keep your years in service, which is another factor in pay. You might not keep rank if you change specialties.