How Is The Air Force Retirement Plan?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The US Air Force is a part of the Department of Defense.  Their “pension” is actually a form of deferred compensation.  Participants do not become “vested” after a few years like civilian plans.  Rather, they become eligible for benefits after completing twenty years of service.  At that time, not at age 65, they can receive half of their base pay for the balance of their lives.  They also retain many benefits they enjoyed on active duty.  Between an airman’s twentieth to thirtieth year of service the benefit increases until at thirty years of service it is seventy-five per cent of their base pay.
    Answered on June 5, 2014
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