Title: Do You Still Get Paid Monthly Once You Retire From the Marines? | Work - Chron.com
Headings: Do You Still Get Paid Monthly Once You Retire From the Marines?
Do You Still Get Paid Monthly Once You Retire From the Marines?
Qualifying for Retirement
Calculating Retirement Pay
Receiving Retirement Pay
Tax Withholdings
Additional Retirement Benefits

Content: Do You Still Get Paid Monthly Once You Retire From the Marines? | Work - Chron.com
Do You Still Get Paid Monthly Once You Retire From the Marines? Work
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By Chron Contributor Updated January 07, 2021
Life in the Marines can be exciting and challenging as you complete assignments that may involve traveling to duty stations to support the country during wartime and participate in peacetime military training missions. One of the ways the country rewards your efforts is by offering you benefits, including a retirement stipend. Although retirees receive their retirement payments at the same time throughout the year, the amount of money you’re paid after you retire depends on certain conditions you met while you served in the Marines. Qualifying for Retirement
You must generally serve at least 20 years on active duty or in the reserves to qualify to receive retirement pay, also called a military pension, from the Marine Corps. The 20-year minimum applies whether you serve as an officer or enlisted member. Marine retirement pay is the same as retirement pay in any branch of the U.S. Armed Forces. As with the Army, Air Force, Navy and Coast Guard, a Marine Corps pension is based on years of service and rank (pay grade) upon retirement. Calculating Retirement Pay
In addition to pay grade, type of service and length of service, other factors are used to calculate Marine retirement pay.