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A military staff or general staff (also referred to as army staff, navy staff, or air staff within the individual services) is a group of officers, enlisted, and civilian staff who serve the commander of a division or other large military unit in their command and control role through planning, analysis, and information gathering, as well as by relaying, coordinating, and supervising the ...
Mounting costs led Congress to pursue reforms to the military retirement system during the 1980s. Under the National Defense Authorization Act of 1981, the military moved from calculating retirement benefits based on the "final pay," or base pay on the final day of active service, to the "High-3" system. [9]
The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.
Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...
The Pakistan Army Armoured Corps is a military administrative and combined arms service branch of the Pakistan Army. [ 3 ] Headquartered in Nowshera , Khyber-Pakhtunkhwa in Pakistan, the corps is commanded by its director-general, Major-General Zafar Marwat as of 2023.
Ukraine's pension calculation depends on salary, qualifying period and average salary. This created significant differences based on the year of retirement. Average salary rises year to year implying that pensions should also be adjusted. The last time such modernization had been made was in 2012, using the average salary rate of 2007.
Monthly calculation index (MCI) (Kazakh: Айлық есептік көрсеткіш, romanized: Ailyq eseptık körsetkış (AEK); Russian: Месячный расчетный показатель, romanized: Mesyachnyi raschetnyi pokazatel' (MRP)) is an index used in Kazakhstan for calculating pensions, allowances and other social payments and also for incrementing fines and calculating ...
In October 2022, an audit conducted by the Auditor General of Pakistan (AGP) of MEO Quetta uncovered a discrepancy amounting to Rs 82 million in the construction of the commercial plaza by the Pakistan Armed Services Board (PASB). A parcel of land, spanning 1,517.52 square meters, was leased to the PASB for 30 years for the construction of a ...