5 and 15 years of service, all members must decide whether to take a $30,000 career status bonus and retire under the Military Retirement Reform Act of 1986 -- better known as REDUX -- plan at 40 percent of their last pay grade, or retire under the High-3 plan that provides 50 percent of the average basic pay for the highest 36 months of the individual's basic pay.
What does MRRA stand for?
MRRA stands for Military Retirement Reform Act (USA)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of MRRA
We have 13 other meanings of MRRA in our Acronym Attic
- Magnetic Resonance Research Accessories (est. 2009)
- Maine Resource Recovery Association
- Management Reserve Right of Admission
- Maylands Ratepayers and Residents Association (Australia)
- Mechanically Reconfigurable Reflector Antenna
- Meramec River Recreation Association (Missouri)
- Merrimac River Rowing Association (Massachusetts)
- Midcoast Regional Redevelopment Authority (Brunswick, ME)
- Migration and Refugee Assistance Act of 1962
- Military Retirement Reduction Act
- Minnesota Resource Recovery Association
- Minnesota Rifle and Revolver Association
- Minnesota Road Race Academy
- Moose River Recreation Area
- Municipal Rehabilitation and Recovery Act (Camden, New Jersey)
- Medical Rapid Response Assessment Team
- Maintenance Requirements Review Board
- Master Resell Rights Blowout (website)
- Materiel Release Review Board
- Monthly Reporting and Retrospective Budgeting
Samples in periodicals archive:
The retirement program commonly termed Redux was created when Congress made major changes to the military retirement program in the Military Retirement Reform Act (MRRA) of 1986.
Military pension formula revised President Ronald Reagan signed the Military Retirement Reform Act of 1986, intended to induce members of the Armed Forces to prolong their careers by revising the pension formula.