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Such elimination or actuarial reduction of immediate pensions would affect military retirees at an age when they are likely to have civilian job earnings nished by offering substantial cash bonuses to those involuntarily separated from the services beyond ten years and less than 30 years.
One of the most common questions asked of the military experts at The Balance is the following: Question: How much will I receive after I retire from the military? Answer: Active duty military members can retire after 20 years of active duty military service. In exchange, they receive military retirement pay for life. How much retirement pay a member receives is based on years of service, and rank. For complete details about the Military Retirement System, see the article, Understanding Military Retirement Pay.