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OSD Military Compensation Web Site  
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Retirement

Service members who remain on active duty or serve in the Reserves or Guard for a sufficient period of time may retire and receive retired pay. Retirees also retain the privilege to use base facilities, such as the Commissary and gym. Those members who entered Service on or after August 1, 1986, and who will qualify for an active duty retirement, may choose between two of the current three systems. Members who become disabled while on duty may be medically retired and receive a disability retirement. Additionally, all retirees may choose to participate in the Survivor Benefit Plan or the Reserve Components Survivor Benefit Plan, which protects the retiree's family financially in the event of his or her death; these are discussed in the Survivor Benefits section. Social Security will likely provide additional retirement benefits to retirees beginning, for most persons, after after turning 62. Finally, interactive calculators are provided to aid in career decisions.

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Office of the Under Secretary of Defense for Personnel and Readiness