Originally Posted by
webecheck
they did away with the lump sum maybe 5 years ago i think. brought it back last yr when it was still 25/5.
i signed it 2 years ago and there was no 50% option.
Really? I stand corrected. I stopped paying attention a few years ago when my contract expired.
Originally Posted by
Elvis90
In '99 and '00 we were eligible for bonuses that took us out to 20 or 25 years. That potentially could be 14 years x $25,000 = $350,000...half up front being $175,000 minus 28% tax = $136,500.
I remember those years too... unfortunately I wasn't quite eligible yet when that was offered. I remember guys in my squadron signing on for it though.