US Navy Retirement Plan

2116 employees reported this benefit
420 Ratings

Employer Summary

Employer Verified Available to US-based employees (Change location)

Employee Comments

Showing 11–20 of 420
Jun 6, 2020
Current Employee

401k equivalent is the thrift savings plan.

May 18, 2020
Former Naval Officer in Bremerton, Washington State

Must serve a minimum of 20 years to get a 50% salary retirement. Each year over 20, gains another 2.5% per year. Benefit can be drawn immediately upon retirement regardless of age. Do not have to wait until 65 like many other retirement plans.

Apr 1, 2020
Current Midshipman in Naval Academy, Maryland

Don’t start it until later on after graduation but it’s nice from what I hear

Mar 30, 2020
Current WA in Silverdale, Washington State

The retirement plan is pretty standard, there is a 5 percent match, which is nice

Mar 29, 2020
Former Hospital Corpsman in San Diego, California

If you can last 20 years then more power to you. You'll get a pension AND disability benefits. Niiiiice.

Mar 28, 2020
Current Personnel Manager in Virginia Beach, Virginia

Legacy plan is 50% after 20 years served with 2.5% after each addition year. New plan is more like a matching 401K .

Mar 26, 2020
Former Logistic Specialist in San Diego, California

dont get paid that much

Mar 26, 2020
Current Nuclear Electricians Mate Navy in Norfolk, Virginia

Solid retirement plan, best post navy resource

Mar 24, 2020
Current Workcenter Supervisor in Norfolk, Virginia

20 years at E6 starts at 24K a year just for breathing.

Mar 22, 2020
Former Hospital Corpsman Third Class in Washington, District of Columbia

Investment in TSP is wise at a young age.

Viewing 11-20 of 420