Military Retirement Accounts
Military Retirement: When Services Really Pay
When somebody has done something good, it is right to provide
him or her some rewards. For all the hardships and continuous
service to the community, a worker is entitled to all the
required benefits in exchange for all the services that he or
she has done.
It is for this reason that retirement benefits are extremely
important. It is solely the best gratification one could ever
have after so many years of working hard.
In the military, people who work for the government and for
their respective community should likewise be entitled to
receive the benefits that are due for them.
Basically, military retirement is available in three
remuneration plans. These plans were authorized by the Congress,
which are entitled for every military personnel who have
rendered the needed services to the government and to the whole
country as well.
Military retirement plans are unique on its basic concept
inclusive of the service dates, in which the amount of
retirement benefits will be based from.
These military retirement benefits involve the "primary service
dates" that provides the DIEMS or the "Date of Initial Entry
into Military Service" and the service date as stipulated in the
Title 10, Section 1405 of the United States Code.
For a complete understanding of the benefits in military
retirement, here is a list of the three remuneration plans.
1. DIEMS before September 8, 1980
For military personnel whose DIEMS is before September 8, 1980,
the military retirement benefit is based on the product of the
military personnel's monthly income and the 2