Military Retire Pay 1.1.12

Harjot Singh ❘ Commercial ❘
iOS
out of 358 votes

The Military Retire Pay application is a user-friendly tool designed to provide military personnel with an easy way to view and estimate their current, past, and future retirement pay based on rank and years of service. It utilizes the 2023 military pay charts, incorporating the Department of Defense's recent 4.6% pay increase announcement.

One of the standout features of this application is its ability to calculate retirement pay based on personalized inputs and provide users with an approximate compensation estimate. This allows individuals to compare different benefits and determine which retirement option would be most advantageous for them.

Military Retire supports various retirement plans, including Final Pay, High-3, Blended Retirement System (BRS), CSB/REDUX, and Disability. By selecting the desired year within the app's settings, users can generate accurate calculations using the pay chart for years 2020, 2021, 2022, and 2023.

In addition to retirement pay calculations, this app offers several other useful features. Users can calculate Survivor Benefit Plan (SBP) benefits and premiums, Tricare premium costs, disability pay based on rating, and Veterans Group Life Insurance (VGLI) premiums. Multiple profiles for retirement pay can be created and managed, and a graphical representation allows for easy comparison of active pay between two ranks.

For user convenience, there is no need for a login account to utilize this app, and all calculations are performed offline on the user's device. The privacy of users' information is assured as it is neither transmitted to any third party nor saved on any cloud.

It is important to note that all calculations provided by this app are estimations based on personalized inputs. The calculator should be used for informational purposes only and should not be relied upon as an investment advisory tool or a guarantee of payment duration. For more detailed information and guidance, it is recommended to consult with a counselor.

If you have any suggestions or feedback, please feel free to email us at [email protected].

Overview

Military Retire Pay is a Commercial software in the category Business developed by Harjot Singh.

The latest version of Military Retire Pay is 1.1.12, released on 07/02/2024. It was initially added to our database on 11/15/2023.

Military Retire Pay runs on the following operating systems: iOS.

Users of Military Retire Pay gave it a rating of 5 out of 5 stars.

Pros

Provides a steady income for retired military personnel.
Designed to support veterans who have served their country.
May include benefits such as healthcare and other allowances.
Adjustments for cost of living can enhance financial stability over time.
Offers a sense of security and appreciation for service.

Cons

Complex computation process that varies by rank and years of service.
Eligibility requirements may be stringent or complicated.
Potential reductions or adjustments based on various factors like disability status.
May not be sufficient to cover all living expenses, requiring additional income sources.
Lack of awareness or understanding of benefits can lead to underutilization.

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