Still wondering (since my question on another thread got derailed),is a military reserve pension the same as a regular military pension for same rank at retirement?
A.
Sorry I missed your question the first time...all these polls!!!
The answer is...it depends. If an active duty military serves for 20 years, and a reservist serves for the same period, and they both have identical rank...the answer is no, EXCEPT: The active duty member's retirement is based on rank, number of years & a percentage of their final base pay.
A reservist's retirement is calculated on some of the same things, like rank, number of years, but....there is also a calculation of points accrued over the career of the member. A reservist only gets points for time actually served (mostly, lol...they also do get 15 "membership points each year). Basically, a reservist is on duty one weekend a month (4 -4 hr periods x 1 point each = total of 4 points per weekend drill). Then, they also get one point per each day they are on "orders", which primarily means the 15 or so days each year when they are performing their annual tour, also known in the old days as "summer camp". Basically, a reservist who just does the normal, typical year of duty, will end up with somewhere around 75 points, more or less per year. Compare that to an active duty person who is presumed to earn 365 "points" because they are considered on duty every day. Active duty personnnel aren't really paid on points, however, if a reservist is ordered to active duty for any reason, then they get one point for each day of their duty. So....in theory, and sometimes in practice, a reservist who spends a whole lot of extra duty time on military orders could possibly earn enought points to add up to close to an active duty retirement check. From the enlisted side though, I can tell you that the Air Force really doesn't encourage this and I've seen reservists getting too close to that many points and the Air Force tells them it's time to go. Mostly, this has happened to former active duty personnel who were paid a lump sum to leave the service due to overmanning situations, and then later they joined the reserves, trying to basically get paid to ER yet also earn a full retirement.
For the vast majority of reservists, their retirement never adds up to an active duty-size pension. However, something to keep in mind is that when an active duty person leaves AD but does not retire, they are awarded one retirement point for every day they served on active duty. Those points are added to whatever number of points they can accumulate over the rest of their reserve career. For example, I left active duty after 4 1/2 years. I then spent the rest of my career in the reserves. For the 4 1/2 year AD time, I earned 1642 points. Over the remainder of my career, I earned points at teh normal reserves rate, some years only around 75 points, other years a little over 100. So...when I retired this year, I had a total of 4000 points. That point total factored into the rank/years of service equation, and so when I retire, basically my penson will only be between 1/2 & 3/4 of what it would be if I had stayed on active duty & retired from there. 7300 points is required for a full 20 year active duty - size retirement. ( 365 x 20). As far as what you asked about your friend the O-6, I will have to say, yes...I think it's possible. I knew a guy who retired from active duty as an E-7, and then joined the reserves. I know for sure he's made E-8 now, and I believe he told me he'd retire with the higher rank. Howver, I also believe that while he's in the reserves, because he's drawing the retired pay...he forfiets the amount of the reserve paycheck. I'm not 100% on that, but I think so. So the only draw for him would be the attraction of making the additional rank, which he can then re-retire with. I'll double check that part, but I think that's right. Whew.....now I'm tired!
added afterthough: I've known reservists who had spent 6-8-10-12 or 15 years on active duty, before leaving without retiring and then joining the reserves. For them, the retirement check's gonna be much bigger than mine. I did the classic one-term service on active duty & then left. That's more the norm, but there are plenty of reservists out there who will be getting pretty nice checks once they reach age 60.