Us Navy E8 Retirement Pay

The civilian equivalent of this military grade is roughly gs 6 under the federal government s general schedule payscale.

Us navy e8 retirement pay. Multiply the result by the basic pay in effect on the date your retired pay. Basic pay scales apply to all. If you first entered the military before sep. 7 1980 you are eligible for the final pay retirement system.

Find military pay charts military retirement calculators contact information for problems with military civilian and retiree pay and contact information to report military pay fraud. Voluntary separation pay vsp will be included in my next release. Defined benefit that equals 2 5 times the number of years of service times the member s final basic pay on the day of retirement primary retirement plan for reserve members with initial date of. Reserve retirement pay calculator and va disablility pay are in a near future release.

Every member s retirement pay differs to some degree based on length of service and rank. This estimate is based upon 95 us navy e8 navy senior chief petty officer salary report s provided by employees or estimated based upon statistical methods. E 8 is the 8th enlisted paygrade in the united states military. Visit militarypay defense gov to get the latest information on.

With the cola applied the maximum amount of ssia payable will be 318. Military and retiree pay information. The typical us navy e8 navy senior chief petty officer salary is 87 452. However if you spread that out for another 40 years of living retirement pay has reached a 1 million retirement package.

Under this system your retired pay is computed by multiplying your final monthly base pay. Military pay charts 1949 to 2020 inlcudes 3 1 pay raise for 2020 and estimated pay charts up to the year 2050. The e 8 grade begins at 8 years of experience with a basic pay rate of 4 480 20 per month and a drill pay rate of 149 34 per drill. For example the retirement of an e 8 with 20 years is roughly 22 000 a year for just waking up in the morning.

Military pay charts and military retirement calculators. Based on the increase in the consumer price index there will be a 2 8 percent cost of living adjustment cola for most retired pay and survivor benefit plan annuities and the special survivor indemnity allowance ssia effective dec. A senior chief petty officer is a senior noncommissioned officer in the united states navy at dod paygrade e 8. E8 navy senior chief petty officer salaries at us navy can range from 53 776 129 648.