Navy Retirement Information
Upon full retirement from the Navy, you will probably have completed at least 20 years of service. Such a transition raises questions of how pensions are delivered and what other plans must be made. The Navy has instituted formal pay categories for retirees and options for a ceremonial exit from military life.
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Determining Retirement Pay
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The amount paid depends on how long you have served, as well as the guidelines in effect when you joined the Navy. Guidelines fall into three categories that are similar for all branches of service: Final Pay, available to those who joined up before 1980; High-3, for those between 1980 and 1986, and Career Status Bonus/Redux, for those who joined in 1986 or later.
Retirement Letters
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There are a number of official certificates for which the Navy retiree may apply. Included in these is a presidential certificate. In order to obtain one, you usually go through your Command Career Counselor. In some cases, the application for a presidential certificate is automatically filed for you, as is the case with Command in Millington, Tennessee. You may also apply for a letter of appreciation from a former sitting president. Requirements for the application may vary depending on the office.
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Retirement Ceremonies
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The Navy gives you the option of requesting a formal retirement ceremony when you are eligible. For that ceremony you can make several requests as to the presence of a band, an honor guard, a chaplain, command presence and uniforms. You may have up to 30 members of the military (excluding command) and 20 friends or family from civilian life.
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