Reminder: PPC/RAS will no longer accept Form CG-4700 as your application for retirement pay. Instead, please submit DD-2656 at least 90 days prior to your date of retirement. https://www.dfas.mil/retiredmilitary/forms.html
PLEASE NOTE: Many people will try opening a PDF form and find that they get an error that says "Please wait." Follow these instructions for opening the DD-2656 and other advanced PDF forms.
After your retirement request is approved by CG PSC (rpm-1/opm-1/epm-1), submit your retirement package and other forms and worksheets to the Coast Guard Pay & Personnel Center (PPC):
Retired Pay Calculators:
Depending on the date you initially entered military service, also called the DIEMS date, your monthly Coast Guard Reserve retired pay will be calculated under the Final Basic Pay or High-3 formula as follows:
DIEMS Date before 8 September 1980 - Final Pay
1. Multiply your years of equivalent service (see equivalent service formula below) by 2.5%, up to a maximum of 75%.
2. Multiply the result by the basic pay in effect on the date your retired pay begins (normally age 60).
DIEMS Date on or after 8 September 1980 - High 36
1. Multiply your years of equivalent service (see equivalent service formula below) by 2.5%, up to a maximum of 75%.
2. Multiply the result by the average of your highest 36 months of basic pay.
Note: The highest 36 months of basic pay for a service member who transfers to the Retired Reserve until age 60 will normally be the 36 months before age 60. Longevity service will continue and pay raises will continue to accrue. Service members, who elect discharge before age 60, will have their highest 36 months of basic pay based on the date of discharge. Longevity service stops and future pay raises will be considered.
As can be seen from these two examples, if you initially entered military service on or after 8 September 1980, you should think carefully before requesting a discharge. Taking a discharge will impact your retired pay.
*Equivalent Service = Total Creditable Retirement Points /360
Disability Retirement: The multiplier for disability retired pay is either:
For a member with 30 or more years of service, retiring on or before January 7, 2011, the retired pay multiplier may not exceed 75-percent. The retired pay multiplier is not limited for members with 30 or more years of service who retire on or after January 8, 2011. If you are on the Temporary Disability Retired List, the minimum multiplier is 50 percent while on the TDRL.
PPC uses the method that results in the largest payment. But if you'd like to choose the other method, please send PPC your request in writing.
Read more about disability retirement calculation in DoD Financial Management Regulation 7000.14-R (FMR), Volume 7b, Chapter 3, para 030102; Disability Retirement.
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