Sorry, Brian. That was just how I wrote it.
They call the plan 3% at 50. You earn 3% every year, but you can't get PAID until you're at least 50 yrs old.
So... if you start at 25, work for 25 years and retire right at 50... you get 75% for life.
We have a Sgt that started when he was 19. He's retiring in January. 31 yrs. That's 93% of his pay.
WOW. In the military you'd get 75%... of 60%.