1、 https:/crsreports.congress.gov Updated December 29, 2021Defense Primer: Military RetirementThe military retirement system is a government-funded system that provides a defined benefit to all retirees and matching government contributions to the Thrift Savings Plan (TSP) for eligible servicemembers.
2、 It has historically been viewed as a significant retention incentive for military personnel. The system includes monthly compensation for qualified active and reserve retirees, disability benefits for those deemed medically unfit to serve, and a survivor annuity program for the eligible survivors o
3、f deceased retirees. The amount of compensation depends on years of service (YOS), basic pay at retirement, and annual Cost-of-Living-Adjustments (COLAs). What is the Purpose of the Military Retirement System? The non-disability military retirement system for active-duty members has evolved since th
4、e late 1800s to meet four main goals. To keep the military forces of the United States young and vigorous and ensure promotion opportunities for younger members. To enable the armed forces to remain competitive with private-sector employers and the federal Civil Service. To provide a reserve pool of
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