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TeachMeFinance.com - explain Retired Reserve Retired Reserve 'Retired Reserve' is an military term. It means '(DOD) All Reserve members who receive retirement pay on the basis of their active duty and/or Reserve service; those members who are otherwise eligible for retirement pay but have not reached age 60 and who have not elected discharge and are not voluntary members of the Ready or Standby Reserve. See also active duty; Ready Reserve; Standby Reserve'. Previous 5 Terms: RZ Rangers Ready Reserve Reserve Component Reserve Component category Next 5 Terms: Rh Ro S and F S and M S and R Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.