Can Officers serve over 30 years as long at they have not FOSX2? Do they still accumlate 2.5% for each year over 30?
Assuming you're not otherwise bumping into a statutory HYT scenario (usually only a factor for O5 and below). For prior folks like us, statutory HYT resets at commissioning.
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.Do they still accumlate 2.5% for each year over 30?
Back in the day, 75% (reached @ 30) was max. If above is true, it must have changed.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.
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
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.
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.I didn't think Officers had HYT. I thought it was only FOS X2.
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
For those prior-enlisted officers that are retirement elgible (>20 years total service) and FOSx2, Title 10 U.S.C. Section 632 applies.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!!
Back in the day, 75% (reached @ 30) was max. If above is true, it must have changed.
BzB
Wow, with his E time, he probably got a slight raise upon retirement. Nice timing Colonel!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.