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Retirement With Pay

 
1. Notification is forwarded in advance to advise you how to submit an application for retired pay at age 60. If you have not received notification six months prior to your 60th birthday, please contact PERS-912 by calling 1-833-330-6622. The earliest date retired pay may commence is your 60th birthday or the day after completion of 20 years of qualifying service, whichever is later unless early retirement is authorized under NDAA 2008.  
2. The following forms must be completed and returned to PERS-912 at the address listed below.  You will need Adobe Acrobat Reader (https://get.adobe.com/reader/) to view these files. The browser you are using and how it is configured to handle PDF files, also plays into the ability of your opening the file.
• DD Form 108 Application for Retired Pay Benefits (Form must be saved to computer and then opened from the saved file)
• DD Form 2656 Data for Payment of Retired Personnel (Form must be saved to computer and then opened from the saved file)
3.  Complete processing of an application normally takes several months. Please include your social security number on all correspondence. If you have a change of any information, before your 60th birthday, please report the update to PERS-912 by calling 1-833-330-6622 immediately.
4.  Mail all forms with original signatures to:
    Commander
     Navy Personnel Command (PERS-912)
     5720 Integrity Drive
     Millington, TN 38055
5.  The following Instructions apply to the DD Form 108, items 9 through 17:  Detailed completion of these items is not required.  However, if these are not completed, you must write, across the corresponding spaces, a statement to the effect that you will accept records of service as maintained by the Department of the Navy.  Use of such a statement does NOT preclude your right to have records corrected, if necessary.
6.  If you are transferring to the retired pay status from a drilling status current policy requires endorsements from your chain of command.
7.  While ALL documents received and entered into the PERS-9 database now generate an email notification from the MyNavy Career Center, Retired with Pay submissions will receive an additional email acknowledging receipt of the complete package –OR– if the retirement package is incomplete, an email will identify any documents missing or incomplete.

Retired Pay Calculation
Total Number of Points ÷ 360 x .025 x “B”     Utilize our downloadable calculator in Excel format. Retirement Calculator.xlsx

“B” represents the base pay available at the time the member starts receiving retired pay at or after age 60 (or Reduced Pay Eligibility Date per NDAA FY08 and FY15). For those who entered military service after 7 September 1980, the base pay is calculated by adding the base pay available for the member (commensurate with their rank and longevity) for each of the 36 preceding months prior to drawing retired pay, and dividing that by 36 to get an average pay rate for the final 3 years.
Note that for purposes of entering the pay tables, a member’s longevity starts with the pay entry base date (PEBD) and continues to accrue as long as the member holds Retired status until the member starts to draw retired pay.
Because of this standard, most reserve members will max out on the longevity scales by the time they reach age 60 (or Reduced Pay Eligibility Date per NDAA FY08 and FY15).
Also note that should a member request and receive a discharge, instead of transferring to Retired Reserve status, at an age of less than 60 years, longevity would no longer accrue and base pay would be calculated on pay scales available at the discharge date.
 
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Need Career, Pay or Personnel help?
Call MyNavy Career Center: 833.330.MNCC,
or 901.874.MNCC (DSN 882.6622)
Email MNCC, MNCC Chat 
Comments or Suggestions about this website?
Email the Webmaster

NAVY PERSONNEL COMMAND
5720 Integrity Drive
Attn: PERS-### or BUPERS-###
Millington, TN 38055-0000
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