Sep 8, 2014

2012-2018 Temporary Early Retirement Authority (TERA)

"...Temporary Early Retirement Authority (TERA) authorized members with over 15, but less than 20 years  of total active duty service to apply for early retirement. The opportunity to retire under this TERA program is expected to end by December 31, 2018.

TERA retired pay is initially computed using the length of service retirement formula. It is then multiplied by a reduction factor based on the number of months the retiree is..."

Read more at dfas.mil