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2LT with about 4.5 years in, with 4 of those years getting E3, E4, and cadet. I plan to ride out the 20 years, mainly because you cant beat tricare over anything else. Here's the scenario:
20 years purely M-day without any deployments or rotations (to be conservative) and the only "active duty" time i get was BCT/AIT, BOLC, CCC, and maybe ILE...
I was told that once I REFRAD at 20 years, i will get a very small stipend equivalent to a MUTA 4 drill weekend every month until I'm 60, which then I'll get the active duty pension. I was also told I can continue to pay tricare reserve select until I'm 60 and then get the free tricare. By 6 years TIS, ill be eligible for the VA home loan (again, no deployments to be conservative)
Is there anything else I may be missing or mislead? This information came from our brigade recruiting and retention NCO. I appreciate your help!
20 years purely M-day without any deployments or rotations (to be conservative) and the only "active duty" time i get was BCT/AIT, BOLC, CCC, and maybe ILE...
I was told that once I REFRAD at 20 years, i will get a very small stipend equivalent to a MUTA 4 drill weekend every month until I'm 60, which then I'll get the active duty pension. I was also told I can continue to pay tricare reserve select until I'm 60 and then get the free tricare. By 6 years TIS, ill be eligible for the VA home loan (again, no deployments to be conservative)
Is there anything else I may be missing or mislead? This information came from our brigade recruiting and retention NCO. I appreciate your help!
Posted in these groups: 
Retirement
Retirement
Posted 5 d ago
Responses: 7
2LT(P) (Join to see)
There is no pay between the time you retire and turning 60. You will receive retirement pay when you reach 60 based on the points calculation of a reservist, yrs and rank. Tricare is not free, there is a premium until you reach 65. When you retire Tricare for retirees kicks in at 60 (Prime or Select). At 65 you must enroll in Medicare and you will be switched over to Tricare for life (no premiums) as your secondary.
To figure your actual retirement pay will depend greatly what year you retire and points accumulated. There will be Cola’s every year that will affect the amount.
https://themilitarywallet.com/reserve-retirement-calculator/
There is no pay between the time you retire and turning 60. You will receive retirement pay when you reach 60 based on the points calculation of a reservist, yrs and rank. Tricare is not free, there is a premium until you reach 65. When you retire Tricare for retirees kicks in at 60 (Prime or Select). At 65 you must enroll in Medicare and you will be switched over to Tricare for life (no premiums) as your secondary.
To figure your actual retirement pay will depend greatly what year you retire and points accumulated. There will be Cola’s every year that will affect the amount.
https://themilitarywallet.com/reserve-retirement-calculator/
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SPC Allen Moore
It goes by a point system. You get points for prior service years and I believe it’s one per day of active duty. So many points for drills and 2 weeks of active duty every year. Points for being called up for active duty. Points when your Unit asks for volunteer work. Points for schools and online classes. When you reach a retirement age and time your branch of service will send you a letter with a card letting you know that you qualify for retirement. Don’t lose this card because if it turns out that they make a mistake in their calculations you will get what that card states as long as you retire before they find out their mistake! Plus of course your rank plays a part in how much you get. Plus retiring from civil service from the Feds and getting VA disability also changes your Reserve Retirement Check. I hope this helps?
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My whole career was Reserve. Got my 20yr letter, then had to wait until 60yrs old to start drawing my pension. I was ok with that, was my plan, had my own business. As I live in Denmark, I can't use most of the other benefits. That is about all I know.
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The only "free" TriCare is the TriCare for Life, but you have to have Medicare Part A and pay for Part B. TriCare for Life (free) is basically Medicare Part D (drugs). You need to run the numbers, but nearer to retirement as the system will surely undergo changes (most likely give you less while charging you more). If you have a VA disability, VA essentially reimburses Medicare for stuff associated with the disability, if you do non MIL hospital routes. Once you draw Social Security, the Medicare Part B is automatically deducted and medical again appears "free", but you're really paying for it through reduced benefit. Always go to the source to get more information.
https://tricare.mil/LifeEvents/Retiring/GuardReserve
https://tricare.mil/LifeEvents/Retiring/GuardReserve
Retiring from the National Guard or Reserve | TRICARE
Retiring from the National Guard and Reserve
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CPT Lawrence Cable
A couple of corrections. Medicare and VA don't mix, You either use VA, which pays for everything, or if you don't use VA Medical, you get standard Medicare. If you are over 50% Disability where there is no co-pay or out of pocket, and you have reasonable distance to one of the medical centers, for me it was a no brainer. Even if you are on VA community care, it comes out of VA's pocket.
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