retired pay
Former worker's stipend
Retired pay is compensation received by military personnel or other government employees after they complete their service and retire.
Unlike civilian pensions, which are often based solely on contributions, retired pay typically reflects years of service and rank at retirement.
The term is most common in U.S. military contexts, where it's distinguished from disability pay or survivor benefits.
After twenty years in the Navy, his retired pay covers most of his expenses.
- annuityPeriodic fixed payment
- fixed incomeStable recurring revenue
- nest eggSaved money for later
- income securityGuaranteed steady earnings
- seniorityRank from length of service
military service · military pension · tenure · survivor benefits · social security · cost of living adjustment · service record · 401(k) · vesting period · golden years · years of service · union agreements · deferred compensation · social welfare programs · Roth IRA · employment contract · financial advisor · pension
retired payactive duty pay
Military salary while serving
salary · wages · employment income · earned income · paycheck
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