Transition Leave and Pay
Hey folks. I'm going through the Transition Assistance Program this week and my wife and I had a big discussion yesterday about funding the move and supporting the family on a drastically reduced salary. I'll be in the ball park of 2300 hours so quite a few corporate jobs will be slightly out of reach and I may have to go to a regional.
My question is, "When does the military salary actually run out?" I'd like to hear the experiences from those that have seperated already.
Here is what I'm thinking. We get paid on the 1st of every month for the previous months work. My DEROS is 16 April 2010 and I expect to have about 45 days of transition leave. This means my ETS date will be around 31 May 2010. On June 1st I'm thinking I should get a normal paycheck which I'll have money to support my family for the entire month of June as if I was still employed. (Before you say it, yes the outgoing money will be changed to support potential unemployment and a decrease in standard of living).
Therefore, if I want a seamless transition from military to civilian pay I need a new job by around 15 June, not 15 May.
Please tell me if I'm off base.