How Much Money Does A Retired Air Force Colonel Make

How Much Money Does A Retired Air Force Colonel Make Explore pay benefits for Air Force Active Duty Air National Guard and Air Force Reserve Whether serving full time or part time talk to your local recruiter today to find out more

Retirement Plan Eligibility Final Pay If you entered service before September 8 1980 High 3 High 36 If you entered service on or after September 8 1980 but before August 1 1986 OR If you entered service after August 1 1986 and did not opt into the Career Status Bonus REDUX retirement system Members receive retirement pay that is based on 50 of the average of the highest 36 months of basic pay after 20 years of service Another 2 5 is given for each additional year Disability

How Much Money Does A Retired Air Force Colonel Make

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1 What is the retirement pay for a full colonel The retirement pay for a full colonel in the military depends on several factors including years of service and the rank held at retirement The base pay for a full colonel with over 20 years of service is 10 399 per month Retirement pay in the Air Force like the other branches of the US military is based on the number of years served and the final rank held upon retirement Each year of service provides additional income in retirement pay with a maximum of 100 base pay achievable after 40 years Retirement pay is computed using a percentage of the average

How to use the High 3 military retirement calculator If you joined between Sept 8 1980 and July 31 1986 you can use the High 3 Calculator to figure out your estimated base pay This retirement plan offers a pension after 20 years of service that equals 2 5 of your average basic pay for your three highest paid years or 36 months for each year you serve A Colonel is a field officer in the United States Air Force at DoD paygrade O 6 A Colonel receives a monthly basic pay salary starting at 8 068 per month with raises up to 14 282 per month once they have served for over 30 years In addition to basic pay Colonels may receive additional pay allowances for housing and food as well as special incentive pay for hostile fire and dangerous

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On this page you can learn more about a Colonel s payscale the process of becoming a Colonel and the history of the rank in the United States Air Force Air Force Colonel Pay Calculator Starting pay for a Colonel is 8 067 90 per month with raises for experience resulting in a maximum base pay of 14 282 40 per month 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

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