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  1. You can use the Pension Calculator to estimate your earliest retirement date and pension options. Reduced Early Retirement. If you have at least 15 years of credited service, or you were an active member of the Plan on January 1998, you may begin collecting a reduced pension as early as age 50.

  2. Estimate your future pension and review your personal information. Learn which pension options are available to you (and your spouse or beneficiary) at retirement.

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  4. Jan 4, 2024 · 2024 Retiree and Survivor Pay Dates. The following tables show the Defense Finance and Accounting Service's schedule of retiree and annuitant pay dates for 2024. This information...

  5. Be aware that pay date (e.g., Pay Entry Base Date) may be different than DIEMS. Also, DIEMS does not determine when creditable service toward retirement is calculated---it only determines...

  6. E-7 Retiring with 20 Years of Service. This first chart depicts the estimated gross monthly retired payments under both retirement options. Taxes and participation in the SBP are not considered....

  7. The requirements depend on the SBP annuitant’s age and relationship to the military service member. Beginning August 2023, we are reducing the requirements for SBP annuitants to one annual eligibility verification.

  8. Feb 2, 2024 · Military retirement plan eligibility varies depending on your entry date and will determine how your retirement pay is calculated. Generally, active duty service members qualify for retirement after serving at least 20 years of active service.