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Old 07-07-2005, 01:24 PM   #11
Mmmm, Burger (C.J.)
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Why oh why did my 401k die?

Quote:
Originally posted by ltl/fb
They may be able to commence at 55 if they have enough service? And retire from active service? That's not uncommon. Actually, it's pretty damn common, not just not uncommon.
For military? I think they can retire after 20 years with full benefits, but I could be wildly wrong. I believe that after 20 years, the only change is that your high-three years of salary (or whatever the basis for setting the pension is) will increase.

The 20-year rule is why all the defense contractors and such start lining up at the doors of the majors and captains, looking to get them into the procurement areas. The soldiers can cash out at full pay, and take another job. Pretty cushy, although generally deserved for their years of service.
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