Originally Posted by
Auto29
Math time: new contract rate is $108/hr. This month’s reserve guarantee is 79 hours on my fleet. That’s $8532. Min guarantee at 72 hours is $7776. Pre-tax numbers.
My last month take home as an O-5 was $12,300, a hefty chunk of which is untaxed. So yeah, 4K pay cut checks. Sorry, $3800. Plus my last pay period is currently being held up by finance for some as yet undermined reason and who knows when pension will kick in. So the first few months require creative solutions on the money front.
I understand that. But most people leaving the military by and large are not retiring as an O-5, they are generally leaving as a senior 3 or junior 4. And the pay on your retirement holdup sucks, not belittling that, but if it didn’t happen, that’s not a 4K pay cut, you probably would make more.
Admittedly, I had to re-check the pay rates again and I was looking at the last pay table, not the first, so the disparity it a little more than my math showed.