Thomas McAtee posted on December 01, 2009 00:12
December 2009 Navy
by CAPT Tom McAtee
Reserve Retirement Point Value for 2010
If you are initially retiring in 2010, this is what a retirement point is currently worth. To place a full monetary value on one point would be somewhat difficult. The difficulty would be in figuring the value of the entitlements and benefits that accompany retirement pay, such as TRICARE. However, the basic pay portion is easy to calculate. Here are pay grades and selected longevity points reflecting the 2010 pay table value of one point each month in retired pay.
| GRADE |
CENTS per point |
| E-6 over 18 |
24.2 |
| E-7 over 26 |
32.5 |
| E-8 over 30 |
37.0 |
| E-9 over 38 |
49.2 |
| W-2 over 24 |
35.5 |
| W-3 over 26 |
42.1 |
| W-4 over 30 |
48.9 |
| 0-3 over 14 |
41.4 |
| 0-3E over 18 |
44.1 |
| 0-4 over 20 |
48.3 |
| 0-5 over 22 |
56.8 |
| 0-6 over 30 |
71.1 |
Where to Go for Post-9/11 GI Bill Benefits Transferability Info
We receive many inquiries on how the Post- 9/11 GI Bill transferability option works. The first thing you should do is read NAVADMIN 203/09, which provides the requirements for transferring Post-9/11 GI Bill benefits. For additional information on the Post-9/11 GI Bill transferability program, visit the Post-9/11 GI Bill page at www.npc.navy.mil; then, click “CAREER INFO;” then, “EDUCATION.”
FY 2011 Named Promotion Board Zones
Active and Reserve officer promotion zones for FY 2011 named boards should be promulgated by the first week in December. As soon as the message is released, we will post it on the Web at www.ausn.org.
No COLA for 2010
For the first time since 1975, there will be no federal retiree COLA. The reason – overall cost of living based on the Consumer Price Index (CPI-W) decreased by 2 percent. The outlook over the upcoming two years does not favor an increase through 2012.
Under Early Retirement – Pay Only
For those Reservists planning on applying for Retirement Under Age 60, you should know that the only entitlement you will get is retired pay. TRICARE will become effective upon reaching age 60.You will also not receive a blue retired ID card (DD-2N) until age 60. Under the recent NDAA for FY 2010, grayarea TRICARE will be available but on a monthly premium basis. For questions, call CAPT McAtee at 703-548-5800.