3066 employees reported this benefit
TSP is by far the best, and least used benefit available. With blended retirement coming for the future, if you aren't taking advantage you're missing out big time.
Pension is the same as retirement. 50% of base pay at 20 years.2.4% extra for every year after. For a maximum of 30 years. At which you receive 100% of base pay.
If you do your time, your going to be compensated.
50% of bass pay after 20 years of employment. Does not have to be consecutive years.
Great if you retire from the Army
Pension plan included and can retire at 20 years
20 year pension plan. TSP plan.
The military changed its pension plan from a defined benefit (which didn't cost you anything) to a combination 401(k) / defined benefit plan. New military personnel have to pay into their retirement account.
Pension plan was 50% of base pay after 20 years. Each additional year earned 2.5% more of base pay. Note the base pay does not include housing allowance.
This is the retirement that the army offers