Can Officers serve over 30 years as long at they have not FOSX2? Do they still accumlate 2.5% for each year over 30?
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Can you go over 30 years?
- Thread starter Flying Low
- Start date
Yes
Thanks.
I didn't think Officers had HYT. I thought it was only FOS X2.
Yes, because once you get up to 40, you're eligible for the full 100% of your pension. Once you get to 40, the pay tables start shouting at you to retire.
Back in the day, 75% (reached @ 30) was max. If above is true, it must have changed.
BzB
The pay chart can misleading. Some groups have different rules. Like RL (Doctors,etc), that is why you such high ranks under 2 years. I would think the same would be for the top end. They are not going to boot out some doctor at 30 years like they will for a URL guy.
Indeed it has. Matter of fact, it doesn't even look like 100% at 40 is the max, since the table goes up to 102.5% at 41.Back in the day, 75% (reached @ 30) was max. If above is true, it must have changed.
BzB
Especially when your active duty pay gets capped and you will actually make more when you retire.
Technically it's called statutory retirement and it applies to O5/O6. FOSx2 is for O4 and below, though I imagine it would be difficult/rare to do 30 years of service (your original question) and not have made it to O5.
Here's a bunch of relevant info:
http://www.public.navy.mil/bupers-n...rRetirements/Pages/OfficerRetirementLaws.aspx
BL:
For CAPT (Title 10 USC 634)
30 years of Active Commissioned Service
For CDR (Title 10 USC 633)
28 years of Active Commissioned Service
That linked explained what I was looking for. The key words are Commissioned Service which you pointed out in a earlier post with the prior enlisted guys. You can do over 30 total if you had the prior enlisted time. Thanks for the info!!
For those prior-enlisted officers that are retirement elgible (>20 years total service) and FOSx2, Title 10 U.S.C. Section 632 applies.
Back in the day, 75% (reached @ 30) was max. If above is true, it must have changed.
BzB
Yes they did, I believe it was '06 or so when they removed the 75% cap. I had a Marine O-6 as a boss who was retiring after 40 with time as an E, CWO, LDO and regular officer who mentioned he got pretty lucky with that change coming 2 years before he retired.
Wow, with his E time, he probably got a slight raise upon retirement. Nice timing Colonel!
BzB