She is a veteran with over 11 years of military service and equal experience in the civilian journalism industry. For 2022, the raise was 5.9%, which followed an average 1.5% increase over the 10 years prior. More like this: 3 of the Best Credit Cards for Military & Veterans in 2022. Military retirement pay is paid on the 1st of the month, unless the 1st is on a weekend or holiday, in which case it is paid on the previous business day (the last business day of the previous month.) 10 of the Best Things To Do in Kingsville, TX, Near the Air Station, NAS Kingsville School Options: Day Care High School, San Diego Things To Do Near MCRD San Diego, Walter Reed Medical Center: In-Depth Welcome, RIP to Marine Scout Sniper Platoons, the Marine Sniper Role is Changing, The Marines are ditching Scout Sniper Platoons as the branch continues to transform. The basic pay chart reveals a listing of settlement for the military participants. Editorial Disclosure: Editorial content on Veteran.com may include opinions. Military retirement pay is paid on the 1st of the month, unless the 1st is on a weekend or holiday, in which case it is paid on the previous business day (the last business day of the previous month.) 2022 Pay Scale Officers, Prior Enlisted Officers, and Warrant Officers, 2022 Military Pay Chart: Officers and Warrant Officers with up to 10 Years of Service, 2022 Military Pay Chart: Officers and Warrant Officers with 12 to 26 Years of Service, 2022 Military Pay Chart: Officers and Warrant Officers with 28 to 40 Years of Service, Prior Enlisted Officer Pay Qualifications, 2022 Pay Scale: Enlisted Military Members, 2022 Military Pay Chart: Enlisted Members with up to 10 Years of Service, 2022 Military Pay Chart: Enlisted Members with 12 to 26 Years of Service, 2022 Military Pay Chart: Enlisted Members with 28 to 40 Years of Service, 2021 Drill Pay Charts National Guard & Reserve Pay, 2020 Drill Pay Charts (3.1% Raise) National Guard & Reserve Pay. pay under 2 2 3 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 grade 0-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 . The final pay raise is in line with President Joe Bidens budget proposal and the Employment Cost Index (ECI) formula of 2.7%. Military pay derives from the Employment Cost Index (ECI) formula and thedraft 2023 defense budget. On December 15, 2021, by a vote of 89 to 10, the Senate passed their version of the 2022 National Defense Authorization Act. If you click on an advertisement or link, I may be compensated. The military pay charts below are for all U.S. Armed Forces personnel, including the Air Force, Army, Coast Guard, Marines, Navy, Space Force and Reserves forces where applicable. The military pay charts apply to all Air Force, Army, Coast Guard, Marines, Navy, Space Force and reserve personnel, where applicable. This mornings release is important to our military because it is the first indicator used to determine the actual pay raise amount for 2022. (a) Prior to age 62: 2.5% times the number of years of service minus 1.0% for each year of service less than 30, times the average of the member's highest 36 months of basic pay. Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the authors alone. This includes officers serving as chairman or vice-chairman of the Joint Chiefs of Staff, chief of staff of the Army, chief of naval operations, chief of staff of the Air Force, commandant of the Marine Corps, commandant of the Coast Guard, chief of the National Guard Bureau or commander of a unified or specified combatant command (as defined in 10 U.S.C. Departments of Defense or Veterans Affairs. The content offered on Veteran.com is for general informational purposes only and may not be relevant to any consumers specific situation, this content should not be construed as legal or financial advice. Developed by NCCM Thomas Goering USN (RET). Hi! NOTE 1. Advertising Notice: Veteran.com and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on Veteran.com; For any rankings or lists on this site, Veteran.com may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists. Survivors of retired military personnel will also see the Survivors Benefit Plan increase 5.9%. FREE Weekly Updates! The 2.7 percent pay raise is effective January 1, 2022. Find out how much home you can afford today. 2022 Military Pay Charts Enlisted: E-1 - E-3 2022 Pay Charts (2.7% increase from 2021) Enlisted: E-4 - E-6 2022 Pay Charts (2.7% increase from 2021) Senior Enlisted: E-7 - E-9 2022 Pay Charts (2.7% increase from 2021) Warrant Officers: W-1 - W-3 2022 Pay Charts (2.7% increase from 2021) Warrant Officers: W-4 - W-5 2023 Annual Military Retirement Pay Increase. Leave a CommentFiled Under: Pay, Retirement, Your email address will not be published. Youll have to scroll down to find the version that you want. Military retirement pay is paid in arrears, meaning that the payment on the 1st of the month is for the previous months retirement pay. To calculate estimating retirement pay: Basic Pay Number of Years Active-Duty 2.5%. On June 30th, the House Appropriations Committee approved the fiscal year 2022 Military Construction, Veterans Affairs, and Related Agenciesbill, which includes a 2.7% pay raise for service members. The bill allows for the 4.6 percent military pay raise proposed by President Biden on March 28th. For 2022, unless a separate action is taken by the President or Congress, the pay raise will be 2.7 percent based on law indicated in U.S.C. Except during periods of unauthorized absence, excess leave, and confinement after an enlistment has expired, every member is entitled to basic pay while on active duty. Enlisted Pay Chart (Less than 2 Years to Over 6 Years of Service) Enlisted Pay Chart (8 Years to Over 16 Years of Service) Enlisted Pay Chart (18 Years to Over 28 Years of Service) Enlisted Pay Chart (30 Years of Service) Enlisted Notes: Any opinions are those of the author alone, and not those of an advertiser to the site nor of Veteran.com. Success! 203-205, 1, #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }
/* Add your own Mailchimp form style overrides in your site stylesheet or in this style block.
We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. In 2022, runaway inflation contributed to the big increase in this years COLA, which will hopefully put consumers in the military community at ease as they face out-of-control cost increases and further supply chain snafus. Retired Military paydays are once a month. Dfas 2021 Retired Pay Chart February 9, 2022 by Military Pay Chary Basic Military Pay Chart Military Pay Chart 2020 2020 Military Pay Chart for Basic Duty Enlisted (less than 2 to over 40 years) 2020 Military Pay Chart for Active Duty Officer (less than 2 to over 40 years) Military Pay Chart 2021 You can find additional information on these topics at the. Yes, there will still be, Does CVS Take TRICARE? The military pay raise can be highly debated each year. Editor's Note: This story was updated Sept. 23, 2022, after new estimates for the upcoming disability and military retirement compensation were released by The Senior Citizens League, which showed slightly lower projected increases. According to law defined in U.S.C. When a new year comes around, the cost of living adjustments (COLA) come with it. If your financial institution offers early crediting, this pay calendar will still be helpful, but youll see your deposit one or two business days before the payday listed here. The basic retirement formula is: Retired Pay Base X Multiplier % Final Pay Plan The retired pay base for a qualified reserve retirement under the Final Pay plan is the monthly basic. 2022 VA Disability Pay Chart and Compensation Rates: Cost-of-Living Adjustment July 10, 2021 Updated: February 23, 2023 The cost-of-living adjustment (COLA) for 2022 is 5.9 percent, according to a recent announcement by the Social Security Administration . All information is completely confidential.By clicking Get Discounts you agree to our Privacy Policy. of Defense or any governmental entity. 0.00: 0.00 0.00: 0.00 0.00: 0.00 0.00: 0.00 0.00: 0.00 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90 How Much Will Retired Military Pay Increase in 2022? Military retirement pay is paid in arrears, meaning that the payment on the 1st of the month is for . hb``b`` References to third-party products, rates and offers may change without notice. Robert Haynes is a retired Army infantryman who has a squad of kids and is married to an active duty Soldier. Departments of Defense or Veterans Affairs. On average, annual COLA increases have been just 1.5% for the entirety of the last decade. If you have questions about Veteran programs offered through or by the Dept. Most military retirees will receive a 5.9 percent increase to their retired pay beginning with the pay they receive on January 1, 2022, which is the largest such increase since 1982. Crocker received both her bachelors and masters degrees from the University of Missouri School of Journalism and was a 2016-2017 White House Press Correspondents Association scholar. Want 30+ Military / Veteran Discounts to use today? Any opinions are those of the author alone, and not those of an advertiser to the site nor of The Military Wallet. The cost of living adjustment for 2023 will be 8.7% for Social Security checks, VA disability compensation and other government pension and benefit programs. 1190 0 obj <>stream If a ranking or list has a company noted to be a partner the indicated company is a corporate affiliate of Veteran.com. Almost all of the general schedule positions are paid out with a variety of pay for each degree of work. of Veterans Affairs, please visit their website atva.gov. To amend title 10, United States Code, to permit certain retired members of the uniformed services who have a service-connected disability to receive both disability compensation from the Department of Veterans Affairs for their disability and either retired pay by reason of their years of military service or Combat-Related Special Compensation, The content offered on The Military Wallet is for general informational purposes only and may not be relevant to any consumers specific situation, this content should not be construed as legal or financial advice. The ECI is based on the data for 12 months through each September. For most service members, basic pay is the largest component of monthly compensation. endstream endobj 1435 0 obj <>stream . If you have questions of a specific nature consider consulting a financial professional, accountant or attorney to discuss. What Is the 2022 COLA for Military Retirees? hb```^+ According to statute, military pay raises must be equal to the ECI, although Congress and the president can enact increases that are above the ECI. The Social Security Administration announced the increase in October of 2021, to take effect on January 1, 2022. Here are the 2021 military pay charts to see how they compare to 2022 pay. Below are the 2023 pay charts for officers and warrant officers in every branch of the U.S. military. %%EOF This Single Close Loan gets you from construction to occupancy with one mortgage in a streamlined process. Plus college stuff, landlording, moving, taxes. Does not apply to commissioned officers credited with over 4 years of active duty service as an enlisted member of warrant officer. endstream endobj 1432 0 obj <>/Metadata 16 0 R/Pages 1429 0 R/StructTreeRoot 20 0 R/Type/Catalog>> endobj 1433 0 obj <>/MediaBox[0 0 1298.36 1003.28]/Parent 1429 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1434 0 obj <>stream Each year, the government reviews military compensation and proposes an annual cost-of-living adjustment. It recommends military pay increases as long as 3.0 percent. In 2022, figures point to at least a 6% increase, meaning military retirees could be watching their monthly checks go up from $100 to $200 more. This blog is strictly for informational and entertainment purposes only. A Duty Disability Retiree will pay the rate listed below under "Employee Rate" for the plan selected each month CHART 8 - 2022 HEALTH PLAN UHC CHOICE PLAN City Share Employee Rate . Departments of Defense or Veterans Affairs. Pay limits for O-6: Basic pay for O-6 and below is limited by level V of the executive schedule in effect during calendar year 2022. The ECI (US Employment Cost Index) determines the pay raise each year. Most enlisted members enter the military at the lowest pay grade (E-1) and climb the pay scale to higher positions with greater pay. The bill now moves on to President Trump for signature. MORE: Military Homebuyers Can Buy With $0 Down. Three Creeks Media, LLC 2023. This post may contain affiliate links, from which I may earn revenue to support this free site. Kate does not represent the Department of Defense, the Department of Veterans Affairs, or any government agency. Basic pay is paid to individual members on a regular basis; the amount of basic pay to which a particular member is entitled depends on the members pay grade and length of service. endstream endobj 1169 0 obj <>/Metadata 35 0 R/Outlines 57 0 R/Pages 1166 0 R/StructTreeRoot 67 0 R/Type/Catalog>> endobj 1170 0 obj <>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1171 0 obj <>stream There was an error submitting your subscription. In total, the bill provides $279.9 billion for programs that cover veterans health care and military construction, among other things. hbbd```b`` "HF~H#dq /=LK }6l:"$c"h#F, ) 2022 Military Active & Reserve Component Pay Tables (PDF - Posted Dec. 2021) Here are the 2021 drill pay charts, if you'd like to see how much your pay has increased by dollar amount. The President has the authority to specify an alternative pay adjustment that supersedes the automatic adjustment. monthly basic pay effective 1 january 2022 In terms of VA disability rates, 2022 will shell out an extra $8.50 each month based on an individuals total disability rating. Compare the rates, fees, and rewards of top credit cards for military servicemembers and veterans, including cards with waived annual fees under the SCRA. Here are the 2022 military pay charts, according to the 2022 National Defense Authorization Act. According to the DoD, most military retirees will receive a 5.9% increase to their retired pay beginning on January 1, 2022. The new pay scale takes effect on January 1, 2022. . of Veterans Affairs , the Dept. It suggests military pay increases as much as 3.0 percent. Kings High Media/KateHorrell.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The COLA in 2022 is 5.9%, which amounts to $10-$90 per month. You can also click on the image to make it larger, then save the image to your own computer. During her early journalism career she worked to expose organized crime, hate groups and deadly regulatory oversights in the childcare, aviation and tourism industries. The decision affects approximately 70 million Americans and other federal . e RT, b\P8%a3fHi~p]B5&.0 2021Military Active & Reserve Component Pay Tables(PDF - Posted Jan, 2021), Basic Allowance for Subsistence (BAS) (Posted Dec. 2022), FICA Percentages, Maximum Taxable Wages, and Maximum Tax(Posted Dec. 2021), Foreign Language Proficiency Bonus(Posted Jul. Military members received a 2.7% pay increase in 2022, according to the National Defense Authorization Act. Any opinions are those of the author alone, and not those of an advertiser to the site nor of Veteran.com. The modifications to the original House bill, which was passed on September 23rd, did not change the military's projected pay raise for 2022 of 2.7 percent. 2019), Duration of Authority(Posted Jan. 2023), Department of DefenseDepartment of Veterans AffairsMilitary Employment VerificationWarrior Care WebsiteDefense Contract Mgmt Agency DoD Forms Effective December 1, 2022. Then look for your disability rating in the top row. Having a constant income with a reward that without tax . MORE: Veterans Can Buy a Home with $0 Down. This builds on a 2021 pay increase of 3.0%. By clicking Get Discounts you agree to our Privacy Policy. Accredited Financial Counselor, Navy spouse, and mom of four. On July 14, 2022, the House of Representatives passed their version of the National Defense Authorization Act for Fiscal Year 2023 by a vote of 329 to 101. The 2023 military retiree pay raise will provide an increase of 8.7% for disabled Veterans and military retirees. This builds on a 2021 pay increase of 3.0%. (b) At age 62 and after: 2.5% times the number of years of service times the average of the member's highest 36 months of basic pay.
/* Add your own Mailchimp form style overrides in your site stylesheet or in this style block.
We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. In 2022, runaway inflation contributed to the big increase in this years COLA, which will hopefully put consumers in the military community at ease as they face out-of-control cost increases and further supply chain snafus. Retired Military paydays are once a month. Dfas 2021 Retired Pay Chart February 9, 2022 by Military Pay Chary Basic Military Pay Chart Military Pay Chart 2020 2020 Military Pay Chart for Basic Duty Enlisted (less than 2 to over 40 years) 2020 Military Pay Chart for Active Duty Officer (less than 2 to over 40 years) Military Pay Chart 2021 You can find additional information on these topics at the. Yes, there will still be, Does CVS Take TRICARE? The military pay raise can be highly debated each year. Editor's Note: This story was updated Sept. 23, 2022, after new estimates for the upcoming disability and military retirement compensation were released by The Senior Citizens League, which showed slightly lower projected increases. According to law defined in U.S.C. When a new year comes around, the cost of living adjustments (COLA) come with it. If your financial institution offers early crediting, this pay calendar will still be helpful, but youll see your deposit one or two business days before the payday listed here. The basic retirement formula is: Retired Pay Base X Multiplier % Final Pay Plan The retired pay base for a qualified reserve retirement under the Final Pay plan is the monthly basic. 2022 VA Disability Pay Chart and Compensation Rates: Cost-of-Living Adjustment July 10, 2021 Updated: February 23, 2023 The cost-of-living adjustment (COLA) for 2022 is 5.9 percent, according to a recent announcement by the Social Security Administration . All information is completely confidential.By clicking Get Discounts you agree to our Privacy Policy. of Defense or any governmental entity. 0.00: 0.00 0.00: 0.00 0.00: 0.00 0.00: 0.00 0.00: 0.00 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90 How Much Will Retired Military Pay Increase in 2022? Military retirement pay is paid in arrears, meaning that the payment on the 1st of the month is for . hb``b`` References to third-party products, rates and offers may change without notice. Robert Haynes is a retired Army infantryman who has a squad of kids and is married to an active duty Soldier. Departments of Defense or Veterans Affairs. On average, annual COLA increases have been just 1.5% for the entirety of the last decade. If you have questions about Veteran programs offered through or by the Dept. Most military retirees will receive a 5.9 percent increase to their retired pay beginning with the pay they receive on January 1, 2022, which is the largest such increase since 1982. Crocker received both her bachelors and masters degrees from the University of Missouri School of Journalism and was a 2016-2017 White House Press Correspondents Association scholar. Want 30+ Military / Veteran Discounts to use today? Any opinions are those of the author alone, and not those of an advertiser to the site nor of The Military Wallet. The cost of living adjustment for 2023 will be 8.7% for Social Security checks, VA disability compensation and other government pension and benefit programs. 1190 0 obj <>stream If a ranking or list has a company noted to be a partner the indicated company is a corporate affiliate of Veteran.com. Almost all of the general schedule positions are paid out with a variety of pay for each degree of work. of Veterans Affairs, please visit their website atva.gov. To amend title 10, United States Code, to permit certain retired members of the uniformed services who have a service-connected disability to receive both disability compensation from the Department of Veterans Affairs for their disability and either retired pay by reason of their years of military service or Combat-Related Special Compensation, The content offered on The Military Wallet is for general informational purposes only and may not be relevant to any consumers specific situation, this content should not be construed as legal or financial advice. The ECI is based on the data for 12 months through each September. For most service members, basic pay is the largest component of monthly compensation. endstream endobj 1435 0 obj <>stream . If you have questions of a specific nature consider consulting a financial professional, accountant or attorney to discuss. What Is the 2022 COLA for Military Retirees? hb```^+ According to statute, military pay raises must be equal to the ECI, although Congress and the president can enact increases that are above the ECI. The Social Security Administration announced the increase in October of 2021, to take effect on January 1, 2022. Here are the 2021 military pay charts to see how they compare to 2022 pay. Below are the 2023 pay charts for officers and warrant officers in every branch of the U.S. military. %%EOF This Single Close Loan gets you from construction to occupancy with one mortgage in a streamlined process. Plus college stuff, landlording, moving, taxes. Does not apply to commissioned officers credited with over 4 years of active duty service as an enlisted member of warrant officer. endstream endobj 1432 0 obj <>/Metadata 16 0 R/Pages 1429 0 R/StructTreeRoot 20 0 R/Type/Catalog>> endobj 1433 0 obj <>/MediaBox[0 0 1298.36 1003.28]/Parent 1429 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1434 0 obj <>stream Each year, the government reviews military compensation and proposes an annual cost-of-living adjustment. It recommends military pay increases as long as 3.0 percent. In 2022, figures point to at least a 6% increase, meaning military retirees could be watching their monthly checks go up from $100 to $200 more. This blog is strictly for informational and entertainment purposes only. A Duty Disability Retiree will pay the rate listed below under "Employee Rate" for the plan selected each month CHART 8 - 2022 HEALTH PLAN UHC CHOICE PLAN City Share Employee Rate . Departments of Defense or Veterans Affairs. Pay limits for O-6: Basic pay for O-6 and below is limited by level V of the executive schedule in effect during calendar year 2022. The ECI (US Employment Cost Index) determines the pay raise each year. Most enlisted members enter the military at the lowest pay grade (E-1) and climb the pay scale to higher positions with greater pay. The bill now moves on to President Trump for signature. MORE: Military Homebuyers Can Buy With $0 Down. Three Creeks Media, LLC 2023. This post may contain affiliate links, from which I may earn revenue to support this free site. Kate does not represent the Department of Defense, the Department of Veterans Affairs, or any government agency. Basic pay is paid to individual members on a regular basis; the amount of basic pay to which a particular member is entitled depends on the members pay grade and length of service. endstream endobj 1169 0 obj <>/Metadata 35 0 R/Outlines 57 0 R/Pages 1166 0 R/StructTreeRoot 67 0 R/Type/Catalog>> endobj 1170 0 obj <>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1171 0 obj <>stream There was an error submitting your subscription. In total, the bill provides $279.9 billion for programs that cover veterans health care and military construction, among other things. hbbd```b`` "HF~H#dq /=LK }6l:"$c"h#F, ) 2022 Military Active & Reserve Component Pay Tables (PDF - Posted Dec. 2021) Here are the 2021 drill pay charts, if you'd like to see how much your pay has increased by dollar amount. The President has the authority to specify an alternative pay adjustment that supersedes the automatic adjustment. monthly basic pay effective 1 january 2022 In terms of VA disability rates, 2022 will shell out an extra $8.50 each month based on an individuals total disability rating. Compare the rates, fees, and rewards of top credit cards for military servicemembers and veterans, including cards with waived annual fees under the SCRA. Here are the 2022 military pay charts, according to the 2022 National Defense Authorization Act. According to the DoD, most military retirees will receive a 5.9% increase to their retired pay beginning on January 1, 2022. The new pay scale takes effect on January 1, 2022. . of Veterans Affairs , the Dept. It suggests military pay increases as much as 3.0 percent. Kings High Media/KateHorrell.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The COLA in 2022 is 5.9%, which amounts to $10-$90 per month. You can also click on the image to make it larger, then save the image to your own computer. During her early journalism career she worked to expose organized crime, hate groups and deadly regulatory oversights in the childcare, aviation and tourism industries. The decision affects approximately 70 million Americans and other federal . e RT, b\P8%a3fHi~p]B5&.0 2021Military Active & Reserve Component Pay Tables(PDF - Posted Jan, 2021), Basic Allowance for Subsistence (BAS) (Posted Dec. 2022), FICA Percentages, Maximum Taxable Wages, and Maximum Tax(Posted Dec. 2021), Foreign Language Proficiency Bonus(Posted Jul. Military members received a 2.7% pay increase in 2022, according to the National Defense Authorization Act. Any opinions are those of the author alone, and not those of an advertiser to the site nor of Veteran.com. The modifications to the original House bill, which was passed on September 23rd, did not change the military's projected pay raise for 2022 of 2.7 percent. 2019), Duration of Authority(Posted Jan. 2023), Department of DefenseDepartment of Veterans AffairsMilitary Employment VerificationWarrior Care WebsiteDefense Contract Mgmt Agency DoD Forms Effective December 1, 2022. Then look for your disability rating in the top row. Having a constant income with a reward that without tax . MORE: Veterans Can Buy a Home with $0 Down. This builds on a 2021 pay increase of 3.0%. By clicking Get Discounts you agree to our Privacy Policy. Accredited Financial Counselor, Navy spouse, and mom of four. On July 14, 2022, the House of Representatives passed their version of the National Defense Authorization Act for Fiscal Year 2023 by a vote of 329 to 101. The 2023 military retiree pay raise will provide an increase of 8.7% for disabled Veterans and military retirees. This builds on a 2021 pay increase of 3.0%. (b) At age 62 and after: 2.5% times the number of years of service times the average of the member's highest 36 months of basic pay.