How Much Does A Lt Colonel Make In Retirement 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
A Lieutenant Colonel is a field officer in the United States Army 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 pay for Army Lieutenant Colonel Pay Calculator 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 Army pay calculator for a more detailed salary estimate
How Much Does A Lt Colonel Make In Retirement
How Much Does A Lt Colonel Make In Retirement
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How much does a retired colonel make in retirement A colonel or Navy captain with an initial pension of 28 788 after 25 years of service would get 57 576 after 10 years at 7 percent inflation and 115 152 after 20 years at age 63 How much does a retired lieutenant colonel make Air Force A Lieutenant Colonel receives a monthly basic pay salary starting at 5 778 per month with raises The retirement earnings of a U S Air Force Lt Colonel is based on years of service With twenty years of service a colonel can earn 4000 a month in retirement With 26 years of service the
What is Lt Col retirement pay Similarly the 19 692 pension per year a lieutenant colonel or Navy commander receives after 20 years of service is his initial pension which at 7 percent inflation would be 39 384 annually after 10 years of COLA s cost of living adjustments and 78 768 annually after 20 years How much does an O5 make in retirement Depending on years in service the typical O5 with 20 24 years in service can expect to receive a military retirement pension between 50 000 and 65 000 annually
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Direct Answer The amount a Lt Colonel can expect to make in retirement depends on several factors including their years of service final pay grade and retirement plan Conclusion In conclusion a retired Lieutenant Colonel can expect a generous pension and other benefits While the exact amount of their pension and retirement pay will depend on their years of service and final pay grade they can expect to receive a monthly pension of 4 200 to 5 500 as well as retirement pay of 3 500 to 5 000
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