FLEET RESERVE AND RETIREMENT

When you reenlist, a new NAVPERS 1070/604 is prepared for the Field Service Record. A copy of all previously completed page 4s will be maintained in the Field Service Record (right side). All originals are forwarded to the Bureau of Naval Personnel for inclusion in your permanent service record. When you are discharged from the Navy, you will be given copies of all of your page 4s. Upon application for reenlistment, your page 4s should be presented to the recruiter along with a copy of your DD 214. FLEET RESERVE AND RETIREMENT Learning Objectives: Recognize the Fleet Reserve and retirement program. One of the major attractions of a military career has always been the retirement package. Most members become eligible for retirement after 20 years of service, regardless of age, rate, or rank. Military retirement rights and benefits provide not only an element of security, but also an opportunity to embark on a second career while still enjoying many benefits of the first. In this section, you will find information on the benefits you will receive upon retirement and where to go for help or information. Before making a decision to retire, you should talk with your career counselor about your retirement rights and benefits and how to apply for retirement or transfer to Fleet Reserve. You also should make every effort to attend a retirement seminar given at your command. You will be given useful information that may help you in making your decision. Certain changes to the military retirement system have been proposed. To ensure your information on retirement rights and benefits is up to date, contact your command career counselor. CATEGORIES OF RETIREMENT There are different categories of retirement. This section will briefly describe the Fleet Reserve, the Regular Navy Retired List, the Naval Reserve Retired List, the Retired Reserve, Temporary Disability Retired List, and the Permanent Disability Retired List. In some cases, Congress and the President can authorize application for retirement by Temporary Early Retirement Authority (TERA) message for an early retirement after 15 years of service. The TERA program lasts only for short periods and only when reduction in forces is needed. For detailed information on the TERA program, contact your career counselor. 4-11 Figure 4-11. Enlisted Qualifications History (page 4), NAVPERS 1070/604, Section 12.