Commissioned Service Members

For officers, the choice between navy retirement programs is more complex. The member will obtain greater values with Redux, but higher investment amounts and greater time-periods are required. At the extreme, if a navy retirement Redux participant invests his entire bonus after taxes,(17) he will achieve greater value from his Redux retirement regardless of when he withdraws the money and regardless of his tax liability.(
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navy retirement Service members should be aware of one assumption built into the software that may not be valid for their circumstances. Programmers based their calculations for the High-Three option on continuous investment of ten percent of the members' basic pay. The designers of the program assumed High-Three navy retirees would invest the difference between their pay and that of  navy retirement retirees' pay. High-three retirees receive at least fifty percent of their base pay, while Redux navy retirees receive at least forty percent.

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Critics maintain that the lack of retirement benefits for members leaving service without retiring is a weakness in the navy retirement system. See supra note 28. Members can "carry forward" a navy retirement benefit if they become reservists. If members enter the Ready Reserve, they can apply their active military service towards a navy retirement pension from the reserve programs. A discussion of the retirement program available to reservists is beyond the scope of this appendix. For information on the navy retirement program for reservists