Jan 30, 2012

Temporary Early Retirement Authority (TERA) FAQ

The National Defense Authorization Act, signed into law Dec. 31, 2011, reinstated the authority for the Department of Defense to implement Temporary Early Retirement Authority (TERA) for Sailors who have completed at least 15 years of service. TERA is a temporary, voluntary program that offers voluntary early retirement at a reduced monthly annuity to eligible members with 15 to 20 years of active service.

This article includes a Q&A about the process...

Read more at navylive.dodlive.mil