DODFMR Vol. 7B - Wheels Down, Wallets Ready - The Strategy of Military Pensions
The Fiscal Flyer por Bill & Penny
Notas del episodio
Department of Defense Financial Management Regulation (DoD FMR) Volume 7B, titled “Military Pay Policy - Retired Pay,” establishes the comprehensive policies and procedures governing the compensation of military retirees, former members, and their beneficiaries. It details the requirements for initial entitlements, including voluntary, mandatory, non-regular, and disability retirements, as well as transfers to the Fleet Reserve and Fleet Marine Corps Reserve,,. The volume prescribes the methods for gross pay computation based on various retirement systems (e.g., Final Pay, High-3, REDUX, and the Blended Retirement System) and governs the application of cost-of-living adjustments (COLA),,. Furthermore, the regulation provides extensive guidance on post-retirement ...