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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.
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You are retired army officer what amount increased in pension after sixth pay comm for lt major?
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.
How much does a colonel make in retirement?
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.
When does a captain in Indian army become a major?
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
If you have 4 dependents you want to enlist in the Marines but can only do reserves not too good of pay can you join the army for a few years and re enlist in the Marine?
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.
What is another name for volunteer army?
militia is a group of all able-bodied males considered by law eligible for military service.
Is there a double pension for army service for 20 years and another for civilian service for another 20 years?
Yes. More accurately, not double pensions, but separate pensions.
After serving 3 years are you entitled to an army pension?
No.
What are the US Army pension scheme?
The U.S. Army pension scheme primarily includes the Military Retirement System, which offers a defined benefit plan for service members who serve a minimum of 20 years. Retirees receive a monthly pension based on their years of service and the average of their highest 36 months of basic pay. Additionally, the Blended Retirement System (BRS), implemented in 2018, combines a traditional pension with a Thrift Savings Plan (TSP) that includes government contributions, allowing service members to save for retirement while still in service. Eligibility and benefits can vary based on the length of service and the date of entry into the military.
You are retired army officer what amount increased in pension after sixth pay comm for lt major?
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.
What were the perks of being in the Roman Army?
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.
Will the army pay you a pension if they took you in the army with flat feet?
No
What is the pension of army major with and without 'rank pay'?
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.
Your basic pay is 8420 so now your pension?
Sir I am service in the Army. I am retaired in Dec 2009 so pease get me my basic pansion
About the pensionable service and rules for permanent commissioned Nursing officer of Indian Army?
discuss pensionable service of a permanant commissioned Nursing Officer and rules of initial engagements and pension rules
How much does a colonel make in retirement?
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.
How much is the pension for army captain after 6th pay commission?
Pension of an army captain after implementation of 6th pay commission is approx sixteen thousand.
You are army pensioner from 01.1.88 basic pension 1575- what will be your pension as on 30.9.08?
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.
