Are US Navy retirement pension and health benefits good or bad? - how long in the navy until retirement
Hello to all! It Does anybody know if the pensions of recruits and officers of the U.S. Navy low or high? I know that a retired naval officer more money than a pension for retired people busy, but they are low or high aggregate pension between the two classifications? Social security is affected in any way by a pension from the Navy? So if someone in the Navy retires, is what we Tricare health insurance for the rest of your life? Recorded in other words, for the life of a military health insurance until his death, regardless of how long they live? That sounds like a great program to offer retirement for me, especially since most Americans are working now at all to retire at any point in their lives. Any response would be very grateful. Thank you!
Tuesday, February 16, 2010
How Long In The Navy Until Retirement Are US Navy Retirement Pension And Health Benefits Good Or Bad?
3 comments:
It Tricare for life in retirement, but is basically an HMO. You pay for them. There are two aspects to "retirement" is a "pension" and also have a savings plan savings, which is kind of 401K. No matching funds can make money on it. Social security is not directly, but the amount is removed, the amount you are related. This refers to the amount received at a later date, at least in theory. I think that's one reason why we left behind, not only military, we have a number of investment plans that will help us connect to retire.
TRICARE is a course that a good pension in major military companies to hire former military love, simply because we are structured to get a job once they retire.
Ret E-8 guard / navy
Both receive Tricare until you are eligible for Medicare, TRICARE will have for life, acting as a supplement to Medicare. Co-insurance for retirees and their dependents to buy 25% more than one type of supplement. You can also apply to health care through the VA system.
Officers more money than registered. If the representatives frugal with the money, they can live their retirement. Engaged in general to have found another job and retirement is not sufficient if they are 25 years and were one of the first enrolled three.
It is the use that would produce a pension of 50% of reference when you stepped forward in 1980 after 20 years of service.
Then switched to 50% 36 on average last month, so basically the newsponse to the fall of 1980.
Then switched to 40% 36 on average last month and fell again. If you wish to receive a 50%, you have to serve 25 years.
It also protects the low wages and the provision of more fighting non-taxable benefits such as food, housing, specialty pay, pay, hazard pay, etc. That sounds good, except those that are not taken into account when calculating your pension.
All this tends to discourage people from taking part only in order to retire, it is not so great.
I suggest you do not close when the pension is the only thing that interested, if you want to travel, serve his country, or learn something interesting, then the Navy a great job.
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