2022 AFBA Financial Planning Guide

Chapter 2. Reserve & National Guard Introduction............................................................................................................................. 2–1 Categories of Service & Duty Requirements.............................................................................2–2 Pay..........................................................................................................................................2–3 Retirement...............................................................................................................................2–4 TRICARE..................................................................................................................................2–5 Education Benefits ...................................................................................................................2–6 Reserve Component Survivor Benefit Plan (RCSBP) ................................................................. 2–7 Life Insurance..........................................................................................................................2–8

a. Ready Reserve. This group is most often called to active duty and consists of three sub categories — Selected Reserve, Individual Ready Reserve (IRR), and Inactive National Guard (ING). The Selected Reserve consists of designated guard/ reserve units and individuals who are considered essential to wartime mission accomplishment. Most reservists are in this category and are the first to be activated. The president may mobilize up to 200,000 members of the Selected Reserve without declaring a national emergency for a period not to exceed 365 days. Members of the Selected Reserve are generally required to perform one weekend of training each month (“inactive duty for training” or IDT, also known as “weekend drill”) and two weeks of training each year (“annual training” or AT, sometimes known

2–1. INTRODUCTION. An essential component of the nation’s military force is the Reserve and National Guard. The term “Reserve Component” (RC) refers collectively to the seven individual reserve components of the U.S. military: the Army National Guard, the Army Reserve, the Navy Reserve, the Marine Corps Reserve, the Air National Guard, the Air Force Reserve, and the Coast Guard Reserve. This chapter will look at the duty requirements, pay, and retirement that are provided to these members. We will also examine the health, education, and survivor benefits that are available. 2–2. CATEGORIES of SERVICE & DUTY REQUIREMENTS. Members of the Guard and Reserve are assigned to one of three categories — Ready Reserve, Standby Reserve, or Retired Reserve.

CHAPTER 2: RESERVE & NATIONAL GUARD

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