Marine Corps Offers Early Retirement For fiscal year 2015, the - TopicsExpress

Marine Corps Offers Early Retirement For fiscal year 2015, the Marine Corps has been authorized to offer voluntary retirement at a reduced monthly retainer-pay rate to Reserve-component staff sergeants. The Marine Corps Active Reserve Enlisted Temporary Early Retirement Authority Program (TERA) gives early retirement benefits to Active-Reserve Marines. Applicants must have more than 15 years and less than 20 years of active-duty service, be a staff sergeant and hold one of several specific military occupational specialties. The Marine Corps established a submission window for TERA between the dates of March 21, 2014 and Sept. 1, 2014. The first eligible date to transfer to the Marine Corps Reserve, under TERA, is July 31, 2014. TERA is not an entitlement. Each request will be considered on an individual basis.

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