You'll now return to school and do normal student things for 2 more years. This starts your TIS for pay purposes (important). TSP Options for Active Duty Army, Navy & Air Force. Run a search first, and then post your question. PSMC: personal statement of military compensation. Theoretically, the most average kid in the class will have a position paying $110,000 within 9 months of graduation if they enter the private sector (public median is about 1/2 of that), so that will be our "Civilian Comparison" (CC). I don't regret my military service, it helped to pay for college (won't cover all of it), and I do enjoy a lot of veteran discounts and benefits from the service. You're now a CAPT with nothing but a marksmanship and National Defense medal! If you want to join, fine, but lower your expectations for pay by a few magnitudes so you won't be disappointed. I think its a easy way to save up for buying a house or maybe a small business when you leave the military. That leaves plenty of time to shove his disposable income into strippers' G-strings. Pay rates for officers Pay rates for general service officiers, pilots, medical, dental and legal officers. Beer money! As far as 10k-20k in student debt....that amount is nothing. CC has to pay $390/month for the family plan so his kids can see a doctor. Yeah everyone in this thread seems to just be forgetting how little you make after you pay off all your expenses. It helps, yeah, but it's not absolutely necessary. I guess I should just say I’m single. Officer Submarine Duty Incentive Pay; Pay Grade Less Than 2 Years Service Over 2 Over 3 Over 4 Over 6 Over 8 Over 10 Over 12 Over 14 Over 16 Over 18; O-10: $355 Military Pay Calculator; Basic Pay Charts – See link for pay charts You don't need a degree to do what I do. I live on base, so I don't pay rent or any utilities. Will the military pay off student loans? Am I missing something here or does the military pay extraordinarily well and even better than the civilian world? Being in the military does not exempt you from income tax, but some of your pay and benefits can’t be considered “income.” Your basic pay, active duty pay, bonus pay and incentive pay are all taxable income. It would be hard for a high school recruit with no work experience to find a better starting wage. That's like a used car loan. As of 2016, there are roughly 330,000 Sailors on Active Duty, and 100,000 in the Navy Reserve. Where was the power point on this? Fuck! Pay in the civilian sector is highly dependent on career field, while military pay charts standardize pay for service members of all occupational specialties, said … But DAMNIT! Thanks Uncle Sam! That’s way easier. Between Tricare, BAH, BAS, tax reductions, retirement stuff and so on. Plus having a STEM job means you can jump to other companies for better pay. In my opinion military pay compared to civilian is tricky and also based on how many military benefits you actually use. Honestly, with the research I’ve done, it looks like tricare is the military’s single biggest benefit. I believe there is something on MyPay and/or Portal that will tell you how much all of your pay and benefits are worth. Everyone gets base pay, and it's the same regardless of what military service you are in. Lets say you sign up for six years and get 30k. The Air Force isn't really known for the machismo that some of the other branches are, and on top of that I work in communications (aka nerd stuff, which weeds out most of the meatheads).. Sweet! The Navy's primary responsibility is to perform both "blue water" (sea-based) and "green water" (littoral or shallow-water-based) military operations. Your housing, electricity, water, and food are all free. Think about that and the repercussions it has. That's 15k up front and then 208 dollars for 72 months after that. BOOOO!! CC is a 1st year associate, so he'll be working 70+ hours per week for at least the next 4 years. Yes, after taxes, rent, utilities, gas money, work clothes, food, health insurance, dental, vision, etc. MC is riding that sweet Tricare train. MC's kids ride free on that sweet Tricare train. Press question mark to learn the rest of the keyboard shortcuts. A place for potential Marines to get their questions answered. I’m not seeing a box to tick for married to another military person. Many military members qualify for special pays and incentives that are part of the service’s recruitment and retention efforts. 2011 is an example of a time of fiscal re-evaluation and possible reduction in veterans' retirement benefits. A Re-enlistment bonus isn't paid straight cash money. This is generally the last 3 years of service and is sometimes called high-3. During times of budget deficiencies and a down-turned economy, the military retirement system is evaluated in order to cut federal spending. Now that’s great but I’m only taxed on my base pay. Some compensate members for assignment to hazardous or difficult duty conditions. (sorry, no DC to suck the political dick for when your contract is up) Your BAH is $2841.00/month or $34,092/year! However, for an enlisted member with years of experience, trained in a critical technical specialty, it's not all that great when compared to wages for a similar civilian job. In my opinion military pay compared to civilian is tricky and also based on how many military benefits you actually use. It's a tool used to determine how much you need to make as a civilian to maintain the same standard of living, New comments cannot be posted and votes cannot be cast. The high-36 method is the average of the highest 36 months of basic pay divided by 36. Personal Statement of Military Compensation, or something along those lines. Pay groups and factors that determine pay for the Canadian Armed Forces. Nope. How does your average motivator discover, verify, and set his (or her) state of legal residence such that he (or she) is able to make the most of said tax advantages? Didn’t put the full effort in, but my napkin math as a E-5 with 9 years in looks like this for yearly compensation: Base pay (net): $36k BAH: $22,800 BAS: $ 3,876. The amount paid is $225 per month for all ranks. Note: We are going to not compare a 4402 position to the rest of the public sector, because that's too easy of a win for the military. FUCK! Holy shit, CA's is 2300 a month. You're assuming best case scenarios, which almost never happen. CC has to pay $170 a month for health coverage at his firm. Regular Military Compensation (RMC) is defined as the sum of basic pay, average basic allowance for housing, basic allowance for subsistence, and the federal income tax advantage that accrues because the allowances are not subject to federal income tax. Thanks, Uncle Sam. The only difference is when overseas, civilian pay will be considerably higher. Chart reflects Drill Pay only and does not include bonuses, allowances and other benefits. Some regional differences are there, but usually contractors are not raking in that much over you when you consider all the expenses they have to pay out of pocket (as stated, healthcare, disability insurance, taxes, etc). TSP for Military. It looks pretty appealing. Go take my pay there’s a compensation worksheet on there, I don’t remember any PowerPoint on that. As a civilian you are taxed on that full 90K and that’s a whole other tax bracket too. This sucks. First time in 10 years." Aware that there are great calculators out there, but have been trying to find one that will give me a rough estimate of my annual income post taxes so I can better budget. E-4 with over 4 years is around $2400, plus BAH (assuming you get married) for Pendleton is around another $2400, which works out to be in the ballpark of $57,000. Edit: In other words, military pay is not competitive. ... help Reddit App Reddit coins Reddit premium Reddit gifts. If you really want to make money in the service then go the officer route or sign up for a special program that pays if you pass the course. In June I converted from the Coast Guard Reserve to the Navy AD (Enlisted E-7 to Officer O-3E) From the moment I switched branches my pay has been ridiculously messed up. The government will give you an interest-free advance on your pay with 12 months to pay it back! Press J to jump to the feed. I mean, I make ~70K now, yet with the increased cost of living I'm actually worse off than when I was in the military. The really bad part of our pay is how it translates to civilian life. Is military pay actually very competetive? Military pay isn't designed to be competitive it's just designed to pay you enough to feel like a normal person. And no matter what on the 1st and 15th you get paid the same amount, so there's no need to worry about making up hours or whatever. It's based on an individual's rank and the number of years you've been in the service. How much does an E4 make really? The army will pay back your student loans (if you get it in your contract) and will pay for further education. Press question mark to learn the rest of the keyboard shortcuts. http://militarypay.defense.gov/Calculators/RMC-Calculator/. TSP Spillover Contributions. Ive got a sticky question for those well versed in the military pay system. for a kid fresh out of highschool with no "hookup" into a good job, its pretty decent pay, if you live out in town you obviously dont have to use ur full BAH either, New comments cannot be posted and votes cannot be cast. The pay rates are all listed online. I figure 60k a year as an E6 I need 90k plus a year as a civilian. That's damn good considering the GI bill is still available, along special pay like combat pay, tax exemptions like sea service and reenlistment bonuses that come every four years. That fuckboi who got a B- in Torts is still making more than you, though.... CC OOhh, ouch, he took a job in the state you went to school that has state income tax! I can make 70k on the outside doing what I do now with no degree. Does everyone have leadership like that? From free health insurance to half your income being tax-exempt (if receiving BAS/BAH) the benefits are immediately obvious - all of your pay is essentially disposable income. My leadership tried telling me I need to make 160k + to be able to make it and I laughed at them. That's another $3,043.56/year. TSP Option for Army, Navy & Air Force Reserve, National Guard. That's odd. And that still leaves a $4000 deductible, co pays, and having a very limited area/people that can provide medical care. In May 2018, for example, he declared to graduates of the United States Naval Academy: "We just got you a big pay raise. School is expensive, man. The calculator includes all Regular Military Compensation (RMC) including Base Pay, BAH, BAS and which portions that are taxable and tax-free. You only make 3800 in BAH a year? Use the Military Pay Calculator to see your current, past and proposed future military pay by rank, location and branch of service. Military Employment Verification. Source. 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