What is CSB Redux?

Career Status Bonus (CSB)/REDUX: Soldiers who entered military service on or after August 1, 1986 have a choice of two retirement options: (1) retire under the “high-36” plan described above, or (2) retire under the provisions of the Military Retirement Reform Act (MRRA), commonly known as REDUX, and receive a $30,000 …

Is CSB Redux still available?

Per the references, effective 1 January 2018, CSB/REDUX is discontinued and the new Blended Retirement System goes into effect. Election of the 30,000 dollar CSB places the Marine under the REDUX retirement plan vice the High-3 system.

What happens to SBP If retirees retirement pay is based on CSB Redux?

SBP participants who elected CSB/REDUX reduce their gross pay, which is used to compute your premium for SBP coverage. This may cause reduced coverage to your SBP beneficiary, so CSB retirees are offered additional SBP coverage based on their unreduced gross retired pay.

At what age does Redux catch up?

age 62
Also, REDUX has a catch-up increase at age 62 that brings the REDUX retired pay back to the same amount paid under the High-3 System. REDUX is the only military retirement system with this feature. Each of the first 20 years of service is worth 2.0% toward the retirement multiplier.

How do I apply for CSB Redux?

To make a CSB/REDUX election, a member was required to submit a DoD (DD) Form 2839, Career Status Bonus (CSB) Election Form or Service equivalent form, and any other Service required forms as directed in the eligibility notification no later than the date the member attained 15 years of active military service or 6 …

Does the military still have a 20 year retirement?

Since 83% of servicemembers do not stay in the military for the full 20 years required to get the normal retirement benefit, the Commission proposed a new system which includes a defined benefit, a defined contribution to the Thrift Savings Plan (TSP), and Continuation Pay for members who have more than 12 years active …

What is high 3 retirement plan?

Your High 3 Salary is an important part of your pension calculation for federal retirement. Your High 3 Salary is the highest average basic pay you earned during any 3 consecutive years of Federal service. Most people earn their highest pay during their last three years of service.

Is military retirement enough to live on?

Military retirement and disability pay may be enough for retirement income, but it depends on an individual’s normal cost of living. I’m a 44-year-old military officer planning to retire in four years after 30 years of service.

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