Air Force O6 Retirement Pay

For 2019 congress approved the biggest active duty military pay raise in almost a decade.

Air force o6 retirement pay.

A 2 6 percent active duty pay raise was included in the bill as was authorization an increase in end stength by 15 600 troops. The redux jump reflects the cost of living catch up adjustment and multiplier re adjustment at age 62. Basic pay for an o 7 to o 10 is limited by level ii of the executive schedule. Military pay chart archive.

Click here to calculate your final pay retirement. In comparing your options focus on the differences on the level of retired pay. That means you get 50 of your base pay if you retire with 20 years of service or 100 of your base pay if you retire after 40 years. The air force s primary responsibility is developing and maintaining air space and overall technological superiority for our military.

In addition to basic pay colonels may receive additional pay allowances for housing and food as well as special incentive pay for hostile fire and dangerous. The civilian equivalent of this military grade is roughly gs 15 under the federal government s general schedule payscale. This first chart depicts the estimated gross monthly retired payments under both retirement options. Basic pay for o 6 and below is limited by level v of the executive schedule.

As of 2016 there are roughly 300 000 active duty 100 000 air national guard and 70 000 reservist airmen. A colonel is a field officer in the united states air force at dod paygrade o 6. The o 6 grade begins at 2 or less years of experience with a basic pay rate of 6 931 20 per month and a drill pay rate of 231 04 per drill.