CV,
The reserve retirement is really confusing...here is a short explanation. Once you leave AD and join the guard, your retirement becomes based on the number of "points" you amass. The way "points" are earned and calculated can really be confusing, but for the most part one day of drilling in the reserves equals one point. 365 points equals one active duty year. Of course, you'll receive 365 points for each year you served on AD and one point per day for each day on AD above a year.
So, hopefully you continue to promote while in the reserves all the while drilling away earning more and more points. When you finally retire after 20 good years or more, you can take the total number of points you have divide by 365 and multiply that by 2.5%. The number you get will be the percentage of base pay that you will receive once you reach age 60. There's the catch...you may retire from the reserves at age 42, but you won't receive a thin dime in retirement pay until you reach 60.
There are other ways to earn points besides drilling (ie - correspondence courses, CAP, etc). If you're a flyer, you can earn two points for one flight by getting off deck and getting the gear up. Anyway, you could earn a master's degree trying to figure out how reserve pay and points are determined.
Hope this helps (at least a little!)
kingairip
The reserve retirement is really confusing...here is a short explanation. Once you leave AD and join the guard, your retirement becomes based on the number of "points" you amass. The way "points" are earned and calculated can really be confusing, but for the most part one day of drilling in the reserves equals one point. 365 points equals one active duty year. Of course, you'll receive 365 points for each year you served on AD and one point per day for each day on AD above a year.
So, hopefully you continue to promote while in the reserves all the while drilling away earning more and more points. When you finally retire after 20 good years or more, you can take the total number of points you have divide by 365 and multiply that by 2.5%. The number you get will be the percentage of base pay that you will receive once you reach age 60. There's the catch...you may retire from the reserves at age 42, but you won't receive a thin dime in retirement pay until you reach 60.
There are other ways to earn points besides drilling (ie - correspondence courses, CAP, etc). If you're a flyer, you can earn two points for one flight by getting off deck and getting the gear up. Anyway, you could earn a master's degree trying to figure out how reserve pay and points are determined.
Hope this helps (at least a little!)
kingairip
