Hawkfan12 Posted January 16, 2015 Report Share Posted January 16, 2015 Hello all, hoping to find some exact calculators/formulas (not 'estimated') for how the multiplier is calculated. I recently retired with 23 years, 11 months, 28 days of service. I just received a calculation sheet that shows my multiplier as 23.92 years. I'm failing to calculate how 11 months and 28 days (2 days shy of a year) equates to .92 of a year. If I calculate the partial year as 11 months + 28/30 days, then the partial year equals .9941. If I calculate it as 363/365 days, it's even higher at .9945 Does anyone know where I can find out HOW the partial year/month is calculated? BTW - It's only a difference of 12-13 dollars.....however, it's the point. Thank you, Jay Link to comment Share on other sites More sharing options...
nana25k Posted January 17, 2015 Report Share Posted January 17, 2015 Service to whom??? Ron & LindaClass of 20072000 Monaco Diplomat 2005 Honda Element"Do what you can, with what you have, where you are" Theodore Roosevelt"We can't control the wind, but we can adjust our sail""When man gave up his freedom to roam the earth, he gave up his soul for a conditioned ego that is bound by time and the fear of losing its attachments." Link to comment Share on other sites More sharing options...
skp51443 Posted January 17, 2015 Report Share Posted January 17, 2015 I believe they use full months so 11 out of 12 months is .916666666666666666666666666666666666666666666666666 Edit: Ron & Linda, the forum often hides it when you use the New Content button to find posts but this is in the Veterans forum so I'm guessing military. Jay, that is why I retired on the 2nd of the month, minimal wasted days! First rule of computer consulting: Sell a customer a Linux computer and you'll eat for a day. Sell a customer a Windows computer and you'll eat for a lifetime. Link to comment Share on other sites More sharing options...
DJW Posted January 17, 2015 Report Share Posted January 17, 2015 They only use full months to calculate retirement for pay. Dennis USA Master Sergeant Ret. Link to comment Share on other sites More sharing options...
jamtracy Posted February 9, 2015 Report Share Posted February 9, 2015 Hello Hawkfan, good call by Carroll by the way. Thank you for 24 years of service. Are you an RVer or just popped in to ask the question? James 2024 GMC 3500HD DRW Denali Diesel 2019 Keystone Avalanche 396BH USN Retired Link to comment Share on other sites More sharing options...
RV_ Posted February 9, 2015 Report Share Posted February 9, 2015 There are some pretty good calculators here: http://www.military.com/benefits/military-pay/computing-retired-military-pay.html JUst click on the highlighted calculator for each type of retirement you fall under based on entry date. RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
majfrizz Posted February 10, 2015 Report Share Posted February 10, 2015 The military rounds down, not up...... Retired Army Bob & Sherry, Border Collie Misty. Cincinnati, OH 2014 Tour 42QD. 2015 GMC Canyon, Blue Ox Aventa Tow Bar, 2001 Honda Gold Wing, SMI Air Force One Link to comment Share on other sites More sharing options...
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