USCG TERA for FY15....Finally!
06-23-2014, 06:42 PM
#1
Line Holder
Thread Starter
Joined APC: Jun 2007
Position: C-130H (ret)
Posts: 81
USCG TERA for FY15....Finally!
The Coast Guard just released their solicitation for FY-15 TERA early retirement applications.
http://www.uscg.mil/announcements/al...14_ALCGPSC.txt
-4FF
http://www.uscg.mil/announcements/al...14_ALCGPSC.txt
-4FF
06-23-2014, 07:13 PM
#2
Bracing for Fallacies
Joined APC: Jul 2007
Position: In favor of good things, not in favor of bad things
Posts: 3,543
Originally Posted by 4FrozenFans
The Coast Guard just released their solicitation for FY-15 TERA early retirement applications.
http://www.uscg.mil/announcements/al...14_ALCGPSC.txt
-4FF
http://www.uscg.mil/announcements/al...14_ALCGPSC.txt
-4FF
06-23-2014, 11:12 PM
#3
Line Holder
Joined APC: Dec 2013
Position: B717
Posts: 56
Mandated force end-strength requirements. At some point the bodies have to go one way or another. The first few waves were/are being handled with selective early retirement boards, voluntary sep programs and early retirement programs.
The USAF has already opened and closed TERA three times since January. They will (in my opinion and experience) keep doing it until they meet the projected end-strength requirements mandated by Congress. Next will be the RIFs...it all comes down to money.
The USAF has already opened and closed TERA three times since January. They will (in my opinion and experience) keep doing it until they meet the projected end-strength requirements mandated by Congress. Next will be the RIFs...it all comes down to money.
06-24-2014, 07:07 AM
#4
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,220
Originally Posted by block30
Why does active duty (of any branch) need early retirements-at least pilot wise- right now? Sorry I'm just a guard guy, your active duty ways frighten and confuse me.
06-24-2014, 02:47 PM
#5
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Thread Starter
Joined APC: Jun 2007
Position: C-130H (ret)
Posts: 81
The Coast Guard doesn't sort out the officers by specialty. They all get compared against one another in one seniority list; aviators, boat drivers, marine safety, etc, compete against one another for promotion. So, playing the "game" becomes increasingly more difficult, especially when trying to stay current and airline-competitive towards the end of your career.
Leaving early is not for everyone. But, when a big hiring wave comes along and one has an opportunity to get a retirement, along with a two-year head start at the airlines, and avoid an inevitable cubicle assignment, TERA can be a good deal.
-4FF
Leaving early is not for everyone. But, when a big hiring wave comes along and one has an opportunity to get a retirement, along with a two-year head start at the airlines, and avoid an inevitable cubicle assignment, TERA can be a good deal.
-4FF
06-25-2015, 01:56 PM
#6
Gets Weekends Off
Joined APC: Jan 2007
Position: FO
Posts: 266
Having recently transitioned from CG to airlines, I now fully appreciate the power of seniority.
Folks, think VERY HARD about extending a year to 18 months to collect TERA, vice bailing immediately during a strong airline hiring wave. The next year and a half of hiring represents the same amount of folks hired in the past 7 years at my company (and many others).
There are Coasties who are separation eligible that are waiting for the TERA selection list to be published in November, 2015 in order to take a retirement in late 2016. I don't know the dollar amount of losing 1200-1500 seniority numbers, but it's significant. Not to mention the impact on QOL while at the company. If someone has crunched the numbers regarding TERA vs. airline 401K, please post them.
Folks, think VERY HARD about extending a year to 18 months to collect TERA, vice bailing immediately during a strong airline hiring wave. The next year and a half of hiring represents the same amount of folks hired in the past 7 years at my company (and many others).
There are Coasties who are separation eligible that are waiting for the TERA selection list to be published in November, 2015 in order to take a retirement in late 2016. I don't know the dollar amount of losing 1200-1500 seniority numbers, but it's significant. Not to mention the impact on QOL while at the company. If someone has crunched the numbers regarding TERA vs. airline 401K, please post them.
07-05-2015, 08:49 PM
#7
Gets Weekends Off
Joined APC: Jan 2007
Position: FO
Posts: 266
In an effort to beat a dead horse:
Originally Posted by APC225
"The continuing aircraft deliveries require staffing increases on the fleet. Between now and the summer of 2016, we expect to add approximately 13 incremental aircraft, training will therefore need to continue at maximum or near maximum capacity, with a significant portion of training at off-site locations.
Our new-hire plan totals roughly 1,600 pilots over the next 18 months, spread across our 737and 320 fleets.
Given our 737 fleet is still not balanced, the upcoming vacancies will serve three purposes: rebalancing the fleet, funding new hires, and continuing the regular staffing process. To that extent, we will continue modest growth in DCA, along with SFO, ORD, and LAX. IAH will reduce in size, as previously announced."
Our new-hire plan totals roughly 1,600 pilots over the next 18 months, spread across our 737and 320 fleets.
Given our 737 fleet is still not balanced, the upcoming vacancies will serve three purposes: rebalancing the fleet, funding new hires, and continuing the regular staffing process. To that extent, we will continue modest growth in DCA, along with SFO, ORD, and LAX. IAH will reduce in size, as previously announced."
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