You must file a return for 2016 if: You have to pay tax for 2016. We sent you a request to file a return. You and your spouse or common-law partner elected to split pension income for 2016. See lines 115, 116, 129, and 210. You received working income tax benefit advance payments in 2016.
The minimum number of points to be eligible for retirement at the age of 60 with 20 qualifying years of service is 1,000 (50 points per year) with a corresponding retirement pay equal to 6.94 percent (1,000/360 x 2.5=6.94%) of basic pay.
Soldiers should start gathering information and planning their military retirement 12-24 months before they submit the application for retirement. In a survey of Retired Soldiers, 88% indicated their pre-retirement briefing was extremely or critically important to their retirement planning. Changing from military to civilian lifestyles is not always an easy task, but planning can be a big help. Upon military retirement, Soldiers change locations, careers, and lifestyles. At least 12 months before the planned retirement, Soldiers should attend a pre-retirement briefing provided by a Retirement Services Officer. Soldiers are encouraged to attend one long before a retirement application is submitted and another shortly before an actual retirement date. Spouses are strongly encouraged to attend the briefing.