286 employees reported this benefit
50% of pay at 20 years of service plus full benefits is a great way to leave the DoD; the pay isn't great and other allowances aren't necessarily included.
Can invest in Thrift Savings Plan.
50% base pay after 20 years
decent but lower than private sector
It is unfortunately a misnomer that a military is significant. Unless you want to move to a very low cost area overseas you must start a new career after you have served your 20 years. Yes it is a defined benefits plan which is good if you are in the single digits that actually serve out 20 years. Starting 2018 if you enter the military there is no longer a defined benefits plan. The retirement plan is now a portable 401K type with matching.
Not as good as it could be
After serving twenty years you get half of you pay for pension.
Getting progressively less generous for newer employees under FERS than it was for older employees who were guaranteed pensions, but overall comparable to private sector standards 401k
The best thing about the Retirement plan is that it provides and train the individual for the their next profession
Matching savings, emergency disbursements available, if needed. The choice to save a little or a lot.