The pension for a soldier with 17 years of service in the Indian Army, classified in the 'Y Group', typically depends on their last drawn salary and the applicable pension calculation rules. Generally, the pension is calculated as a percentage of the last pay drawn, with 50% being the standard for those who retire after 15 years of service. Additionally, factors like the soldier's rank and any applicable benefits or allowances can influence the final pension amount. For precise figures, it's best to consult the latest regulations or a financial advisement resource specific to military pensions.
For the US Army, pensions are based upon time in grade, years of service, and rank at time of retirement. 50% base pay at 20 years, 75% at 30 years. And collect immediately after retiring. For the US Army Reserves/Guard: they go by points and years of service. And collect at age 60.
A retired colonel's pension can vary significantly based on factors like years of service, pay grade at retirement, and the specific military branch. Generally, a U.S. Army colonel with 20 years of service might receive a monthly pension ranging from approximately $4,000 to $5,000, depending on the retirement plan and any additional benefits. Cost-of-living adjustments can also affect the final amount over time.
Lt. Captain - after 2 years of service Major - after 6 years of service Lt. Col. - after 13 years of service Further promotion is by selection, not time scale
It is COMMON for men to serve their time in one branch and then when their time expires to enlist into another branch of service. It ALL adds up to 20 years of service for pension purposes. However, it often does not allow higher or equivalent rank in the next service...sometimes there is a minor down grade upon entry into the next branch of service. But time DOES go by faster when experiencing different branches of service.
militia is a group of all able-bodied males considered by law eligible for military service.
Yes. More accurately, not double pensions, but separate pensions.
No.
For the US Army, pensions are based upon time in grade, years of service, and rank at time of retirement. 50% base pay at 20 years, 75% at 30 years. And collect immediately after retiring. For the US Army Reserves/Guard: they go by points and years of service. And collect at age 60.
The perks included a good amount of pension after 25 years of military service ,land or a small farm,being fed well and kept extremely healthy.
No
Sir I am service in the Army. I am retaired in Dec 2009 so pease get me my basic pansion
Have no idea of your meaning of "rank" pay. The pension of a service member will be based on the number of years of service, and the highest pay grade, or the average of the 3 highest years base pay. Serivice members who joined after 1986 also fall under an optional plan known as REDUX. You should consult a military finance office for an accurate answer, but it will be ABOUT 55% of the base pay for a 22 year veteran.
discuss pensionable service of a permanant commissioned Nursing Officer and rules of initial engagements and pension rules
A retired colonel's pension can vary significantly based on factors like years of service, pay grade at retirement, and the specific military branch. Generally, a U.S. Army colonel with 20 years of service might receive a monthly pension ranging from approximately $4,000 to $5,000, depending on the retirement plan and any additional benefits. Cost-of-living adjustments can also affect the final amount over time.
Pension of an army captain after implementation of 6th pay commission is approx sixteen thousand.
To calculate your pension as of 30.9.08, you would need to take into account any increases in pension over the years due to inflation or government policy changes. Without that specific information, it's challenging to provide an accurate figure. Typically, pension increases are applied periodically to ensure retired individuals keep up with the cost of living.
yes