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Prior to separation or retirement from the military, a member may take the remainder of the leave accumulated. For instance, if a member's separation/retirement date is June 30, and the member has 30 days of leave accrued, the member may go on "terminal leave" beginning June 1.
Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension , but a retainer payment, as retired service members are eligible to be reactivated.
During this period, termed transition leave or terminal leave, the officer is considered to be awaiting retirement but still on active duty. For example, General Michael W. Hagee was relieved as commandant of the Marine Corps on 13 November 2006, and held his retirement ceremony the same day, but remained on active duty until his official ...
States Now Not Taxing Military Retirement Income. The latest states to pass a law to not tax military retirement income are: Arizona. Utah. Indiana. Nebraska. North Carolina.
During this period, termed transition leave or terminal leave, the officer is considered to be awaiting retirement but still on active duty. For example, Lieutenant General Donald C. Wurster was relieved as commander of Air Force Special Operations Command on 24 June 2011, [ 335 ] and held his retirement ceremony the same day, but remained on ...
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