All of us at The Exchange would like to express our sincere appreciation for your dedicated service and for the sacrifices you've made for our great country. You have earned the honor and respect of all Americans and an important benefit too.
...our sincere appreciation for your dedicated service...
The Exchange is committed to doing its part to serve and support retired military & Servicemembers to ensure you continue to value your Exchange benefit.
This site is dedicated to those “Still Serving” in heart and spirit. We will bring you information that is important to you as a military retiree; resources for Servicemembers transitioning to civilian life, links to organizations and information supporting military retirees, and Exchange merchandise that helps you show your pride in your career and your country.
Also, look for information about the Director’s Exchange Retiree Advisory Council (ERAC). The ERAC is made up of members from organizations that represent the full spectrum of military retirees. They are advocates and allies - standing up for issues that are important to you and telling the Exchange story to the retiree community.
Check back often for new information designed especially for the military retiree.
Continued Benefits
Retired Servicemembers may continue to shop at the Exchange, in-store, online and by catalog. If you have any questions regarding authorized patrons, please review the eligibility rules.
The 2022 COLA hike was 5.9%. The adjustment for 2023 means a disabled veteran with a 10% VA rating can expect to see about $13.28 more each month, and a 100% disabled veteran with no dependents will receive $300 more per payment.
Procedures of the Military Departments may suspend retired pays under authority of the head of the retired pay activity, if the retiree fails to take necessary administrative actions on time, or if the retiree declines further payments.
Most retirees under the High-36 Plan will receive 50% of their base pay at 20 years, which would equal the following amounts: E-7 Monthly: $2,616.23. E-7 Annually: $31,394.76. O-5 Monthly: $5,040.515.
Table of Contents. Your military pension does not affect your Social Security benefits. You'll get your full Social Security benefit based on your earnings. Survivors benefits may affect benefits payable under the optional Department of Defense Survivors Benefit Plan.
VA disability pay for 2023 increased by 8.7%. The new disability compensation rates took effect on December 1, 2022. See the current VA disability pay chart, and calculate your monthly compensation.
While the 2022 COLA adjustment was 5.9%, government inflation data showed costs grew at a faster pace for much of last year. Now, the 8.7% COLA for 2023 is outpacing current inflation, with a 5.8% increase over the past 12 months for the consumer price index for urban wage earners and clerical workers, or CPI-W.
What is the retirement pay for an E7 with 20 years? As of 2022 the pay calculation projection an E7 retiring with exactly 20 years of service would receive $27,827 per year. It's important to note the present value of almost $800,000 for a 40 year old receiving this pension indefinitely.
Can You Live Off Military Retirement Pay? The short answer is, yes, absolutely. But it takes a lot of planning to make this work. A good friend of mine, Doug Nordman, wrote the book, The Military Guide to Financial Independence and Early Retirement, and founded the website, The Military Guide.
Under the current regulations, VA pays for burial and funeral expenses on a reimbursem*nt basis, which requires survivors to submit receipts for relatively small one-time payments that VA generally pays at the maximum amount permitted by law.
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