Document

Produced by optical character recognition, uncorrected. These are carbon copies and mimeographs from 1941–46, so the reading is rough — treat it as a finding aid for search, not as a transcript. The scan above is the record.

POINT VALUATION FOR RETIREMENT BENEFITS 1 OCTOBER 1977

This point valuation chart has been prepared in order that you may determine what your approximate gross monthly
retired pay may be. The exact amount you are entitled to receive will be examined and computed when you apply
for retired pay and will be computed on base pay in effect when retired pay 1s granted. Service for base pay ts
your total years of military service (both active and inactive).

Over 20 Years Over 22 Yeare Over 26 Years
Service for Base Pay Service for Base Pay Service for Base Pay
Highest
Grade Base Value of Base Value of Base Value of
Held Pay Each Point Pay Each Point Pa; Each Point
General (10) 3958.20 .27487 3958.20 27487 3958.20 © .27487
Lt Gen (09) 3618.00 + 25125 3618.00 25125 3876.60 + 26920
Maj Gen (08) 3360.30 +23335 3495.00 #24270 2/ 2 s 3495.00 24270
Brig Gen (07) 3039.00 +21104 3039.00 221106 7" 72 3039.00 .21104
Colonel (06) 2326.80 +16158_ 2462.10 +17097 -->—~SC«26 70.00 «18541 |
pat col — (05)-—«-2104.80 44616 > AATB.0> Bwee OS 2178.60 .15129
Major (04) 1821.90 12652 1821.90 .126527/ 2-5 = 1821.90 «12652
*Captain (03) 1599.30 11106 1599.30 +1067, Ye7 oa 1599.30 +11106
-Captain (03) 1575.30. 10939 1575.30 «10939, °° 7 1575.30 10939
*ist Lt (02) 1353.60 09400 1353.60 +09400 -— Eo 1353.60 +09400
ist Lt (02) 1168.80 08116 1168.80 OBIS TVMOYFH \\ 1168.80 08116
#24 Lt (01) 1145.10 07952 1145.10 107982 G73 1145.10 «07952
2d Let (01) 922.20 06404 922.20 206404\, ZA 922.20 06404
WO (W-4) (24) 1512.90 10506 1563.30 +10856 we 1684.80 +11700
Wo (W-3) (23) 1329.90 -09235 1378.20 ~09570 1427.10 -09910
WO (W-2) (22) 1193.70 08289 1242.00 +08625 1242.00 ~08625
WO (W-1) (21) 1107.90 07693 1107.90 +07693 1107.90 +07693
Oisgt (39) 1249.80 .08679 1315.80 © .09137 1443.30 10022
‘SMSgt (38) 1095.60 «07608 1159.80 08054 1289.40 +08954
MSgt (37) 966.60 06712 1031.70 07164 1159.80 .08054
Tsgt (36) 850.20 .05904 850.20 .05904 850.20 05904
SSet (35) 721.80 05012 721.80 .05012 721.80 .05012

¥with over four years of active enlisted service
In the above table, a Technical Serzeant, for example, with over 20 years of service would use the factor .05904.
‘Assuming that he had accrued 3,250 points during his tenure of service and had attained age 60, his monthly retired
pay would be computed by multiplying 3,250 by .05904 or approximately $192. Similarly, a Lieutenant Colonel
with over 20 years of service would use the factor .14616. If he accrued 3,000 points and attained age 60, his
monthly retired pay is computed by multiplying 3,000 by .14616 or approximately $438. Eligible reservists receive
retired pay for life. They may share this benefit with their survivors by electing coverage under the Survivor
oS Benefit Plan. ‘
x sye/oer

— — —

1 OCTOBER 1977
SAMPLE COMPUTATION OF FULL COVERAGE UNDER THE SURVIVOR BENEFIT PLAN

For ease in computing the approximate cost factor for the Survivor Benefit Plan and determining what the monthly
survivor annuity payment will be for spouse only, spouse and children, or children only, we have provided an

‘example for you to follow. Please refer to the reverse side of this form to obtain the correct point valuation
for your grade and years of service for base pay (your total years of military service).

Lieutenant Colonel ‘Technical Sergeant
Total Retirement Points 3000 3250
Value of each point (over 20 years) -14616 05904
Monthly Retired Pay $438.48 $191.88

Survivor Benefit Plan:

SPOUSE ONLY: Officer Airman
2-1/2% of $300.00 $300.00 $191.88 (Cost) $4.80 (Cost)
10% of Balance over $300.00 138.48 0.00 (Cost) 0.00

(Total Cost) $4.80 (Total Cost)

SPOUSE AND CHILDREN

2-1/2% of $300.00 $300.00 $191.88
10% of Balance over $300.00 138.48 -00

(Cost) $4.80 (Cost)
(Cost) 0.00
(Sub-total) $4.80 (Sub-total)

+01 (Cost for children is
approximately one percent) of $438.48 $191.88 (Cost) $1.92 (cost)

(otal Cost) +72 (Total Cost)

CHILDREN ONLY:
3% of Monthly Retired Pay $438.48 $191.88 $13.15 (Total Cost) $5.76 (Total Cost)
(approximately)

ESTIMATED SURVIVOR ANNUITY:

55% of Monthly Retired Pay $438.48 $191.88 $241.16 (Monthly Annuity) $105.53 (Monthly Annuity)

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