Planning for retirement is an important step toward securing your financial future once your military career comes to end or you leave the civilian workforce. For veterans who served in the National Guard and Reserve forces, you will need a copy of your points statement in order to determine your eligibility for retirement pay and to calculate what that pay will be.
Your military points statement is a record of retirement points earned while serving in the Reserves or National Guard. Points are awarded throughout your military career for different types of active duty service (such as mobilizations) and inactive duty service (such as distance learning coursework). As an example, 15 points are awarded each year for simple participation, but additional points may be earned through monthly drills or other activities.
Your points statement much more than what you will earn as your monthly pension if you remain in the Reserves or Guard for twenty years. It also tells you if you are eligible for other types of benefits as well. From qualifying for VA loans, education benefits, and even health care, your points statement can help you understand what you have earned throughout your service.
Points Statement come in many names, depending on your branch of service. We can help you access all forms, including:
For Guardsman & Reservist Only
Determine Your Monthly Pension
Take Advantage of Benefits
Fortunately, calculating your retirement points is not something you need to do yourself. However, it is important to understand how points are calculated so you can verify that your points statement is accurate.
During normal year, a Reservist or Guardsman can expect to earn a total of 77 points on average, including 15 points for annual participation, 48 for monthly drills (12 months x 4 drills), and 14 points for annual active training.
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