How Much Does A Lt Colonel In The Marines Make In Retirement A Lieutenant Colonel is a field officer in the United States Marine Corps at DoD paygrade O 5 A Lieutenant Colonel receives a monthly basic pay salary starting at 6 726 per month with raises up to 11 427 per month once they have served for over 22 years In addition to basic pay Lieutenant Colonels may receive additional pay allowances for housing and food as well as special incentive
Military service members in the junior enlisted ranks received a 14 5 raise in 2025 Most other service members got a 4 5 pay bump Some senior officers received smaller percentages Starting pay for a Lieutenant Colonel is 6 725 70 per month with raises for experience resulting in a maximum base pay of 11 426 70 per month You can use the simple calculator below to see basic and drill pay for a Lieutenant Colonel or visit our Marine Corps pay calculator for a more detailed salary estimate
How Much Does A Lt Colonel In The Marines Make In Retirement
How Much Does A Lt Colonel In The Marines Make In Retirement
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You need to determine whether your 30 000 CSB at the 15th year will make up for these reductions In the following chart the amounts shown are the accumulation of after tax savings from electing the 30 000 CSB at year 15 compared to the accumulation from saving the after tax difference in the High 36 High Three Pay retired pay over the After 20 years of active duty service in the Marine Corps Marines earn retirement benefits and a pension which enables retirement at an earlier age than what is offered through most civilian opportunities Second lieutenant first lieutenant and captain are the first three officer ranks and those who earn them are referred to as company
Marine Lieutenant Colonels who retire from the Marine Corps can expect to receive a retirement pay based on their years of service and pay grade According to the 2022 military pay scale a Marine Lieutenant Colonel with 20 years of service can expect to receive a retirement pay of around 7 000 per month To figure the monthly retirement pay multiply years of service by 2 5 percent and then multiply the answer by the basis For 24 years of service this comes to 60 percent If the officer s rank at retirement in 2015 was lieutenant colonel you have 60 percent of 9 280 20 The monthly retirement pay equals 5 568 12
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For disability retirement programs the multiplier will be the higher of a the disability percentage assigned by the Service at retirement not to exceed 75 or b the result of multiplying the number of years of service by the applicable retirement plan multiplier e g 2 5 for High 36 or 2 0 for BRS Retirement Pay In addition to their pension a retired Lieutenant Colonel may also receive retirement pay This pay is based on their final active duty pay grade and the number of years they served According to the Department of Defense DoD a Lieutenant Colonel with 20 years of service can expect to receive 3 500 to 5 000 in retirement
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