Under that plan, a new employee who makes less than $1,478 a month would receive $597 a year in retirement pay.
He was allowed to resign his commission and take retirement pay.
The preservation of the social security system and retirement pay, against the pension fund.
The present Administration Building was built from his retirement pay.
As a result he will lose substantial retirement pay, the Navy said.
Anyone who leaves the service before 20 years gets no retirement pay.
Even though some soldiers are only four or five years from qualifying for retirement pay and benefits, they're getting out.
Based on his estimate, $40 million would cover retirement pay for 160 officers.
"I wouldn't stay here myself except I've built up so much in retirement pay."
Her retirement pay, expected to be $10,000, will not last long either.
Wörterbuch für Militärbegriffe