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-   -   Voluntary separation pay stories (https://www.airlinepilotforums.com/military/18612-voluntary-separation-pay-stories.html)

reCALcitrant 11-18-2007 06:02 AM
Originally Posted by C212135 (Post 262695)
I got a Gov't non-flying job and love the hours and freedom. Miss the flying for now, but I'm trying to get on with a Reserve or ANG unit in town. How about you since you started the thread? Best to all and good luck out there, you are a valuable commodity outside the cockpit too (probably more so), should you go that direction.
Had a guy in our unit do this at the 16 year point. Took the pay and ran. He is now in the reserves and will get a reserve retirement. The VSP money he took comes directly off of the retirement pay he gets starting at 60. Not sure of the details, but I am sure if you retire from the reserves, your check will not be very big until late. My whole point, is to invest that money wisely.;)

C212135 11-19-2007 03:51 AM
Pay Back
 
Plan to buy into the GS retirement and phase in TSP...up to 5% match/year and max out my ROTH IRA.

--Also went to Reno for my 1st business trip -- Single deck Blackjack best odds in the house :D.

C212135 11-19-2007 07:27 AM
ReCAL,

Any idea if your friend is paying back the after tax amount or the full amount...VSP was taxed at 25%. Thanks.

TankerDriver 12-06-2007 06:12 PM
Gotta love it when the government is giving you an incentive to get out and then takes 25% of it back. Quite comical actually.

Rocco 12-08-2007 04:55 PM
Originally Posted by sigtauenus (Post 262850)
I'll be sending a resume to a small company in Moyock, NC. Not sure if anything will come of it, but if the pay is good and I can keep doing what I'm doing now for them, I'll consider it. It would be non-flying.
You interview yet? How did it go?

sigtauenus 12-10-2007 11:36 AM
I'm waiting 1) for the FY08 board results to come out, hopefully this week or next, and 2), for the state department to figure out how employees of that company will be treated in any future "incidents" overseas.

Shaggy1970 12-10-2007 04:33 PM
Got on with UPS and lovin it! Used the money to offset first year pay.

Rocco 12-10-2007 06:24 PM
Originally Posted by Shaggy1970 (Post 276714)
Got on with UPS and lovin it! Used the money to offset first year pay.
Dude...you got the VSP and complaining about the $$ for a jacket. Did you ever pay for uniform stuff on AD? Probably yelled at the Sked O's too.....

Shaggy1970 12-10-2007 07:00 PM
Originally Posted by Rocco (Post 276842)
Dude...you got the VSP and complaining about the $$ for a jacket. Did you ever pay for uniform stuff on AD? Probably yelled at the Sked O's too.....
Never yelled at anyone, and yes paid for uniform items. Your missing the point roc, you should read more closely.

Riddler 12-14-2007 05:13 PM
Anyone hear of rumors that VSP folks have been asked if they'd come back to active duty?


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