USAFR Pay
#21
Probably...I believe Drill pay is Drill pay..its a federal pay scale not just an Air Force pay scale. One thing the AF probably has that the Army doesn't is "Training Periods" or TP's (pronounced "teeps"), which gets you an extra couple days a month (8 per quarter) at drill pay.
#22
You can still get enough points IRR to get the reserve retirement, but you are basically coasting on the active time you already have. 50 pts a year doesn't really add up to much of an increase in the retirement check.
Any inputs as to how similar the Navy or Marine reserve pay works? Is it the same?
Any inputs as to how similar the Navy or Marine reserve pay works? Is it the same?
Chris
#23
IRR and Retirement
Chris 99:
You need 11 "Good Years." Any service should work the same, because as Blastoff said, it is all Federal pay-scale.
Good years:
You would need to earn at least 50 points a year. You get 15 for being alive, BUT, they don't count for retirement pay!! Depending upon your duty status, you usually get 1 pt per pay-period. However, pay periods can be 4 hours (TPs or UTA), or 8 hours (Annual Training (AT), or Man-Power Authorizations (MPA).
TPs don't always earn points, though. You only get 24 from TPs a year. Any other TPs you get paid for the day, but it doesn't build retirement points.
Assuming you retire as a Capt / O-3, each 50-pt year will increase your monthly retirement check by about $15.00. This is a guess only, but I would say O-3 retirement pay (in today's dollars) is about $900-1000/mo.
So yes, you WOULD need to "work" to get those additional points to make it a Good Year.
Bear in mind that you don't get any money from retirement until you turn 60. There are continuing attempts to reduce this based upon length of service, or number of deployments to crap-holes. So far, all shot down because it costs too much.
But at least Congress voted themselves a raise.
This discussion is about guys who are drilling and getting paid. I'm not certain how it works in the IRR--I think you work on a volunteer basis for points-only.
You need 11 "Good Years." Any service should work the same, because as Blastoff said, it is all Federal pay-scale.
Good years:
You would need to earn at least 50 points a year. You get 15 for being alive, BUT, they don't count for retirement pay!! Depending upon your duty status, you usually get 1 pt per pay-period. However, pay periods can be 4 hours (TPs or UTA), or 8 hours (Annual Training (AT), or Man-Power Authorizations (MPA).
TPs don't always earn points, though. You only get 24 from TPs a year. Any other TPs you get paid for the day, but it doesn't build retirement points.
Assuming you retire as a Capt / O-3, each 50-pt year will increase your monthly retirement check by about $15.00. This is a guess only, but I would say O-3 retirement pay (in today's dollars) is about $900-1000/mo.
So yes, you WOULD need to "work" to get those additional points to make it a Good Year.
Bear in mind that you don't get any money from retirement until you turn 60. There are continuing attempts to reduce this based upon length of service, or number of deployments to crap-holes. So far, all shot down because it costs too much.
But at least Congress voted themselves a raise.
This discussion is about guys who are drilling and getting paid. I'm not certain how it works in the IRR--I think you work on a volunteer basis for points-only.
#24
I had nine years of AD when I took the VSP last year. How many years of IRR does it take to "earn" a retirement? Do you have to do a liason job to earn points, or just be in the IRR and do nothing? I have a three year commitment in the IRR and then I don't know what happens, but my ID card says "INDEF." What other "IRR jobs" are available? I'm in Colorado BTW.
Chris
Chris
#25
VSP Buyout
Slice:
Good point--I think the buyout does pre-empt the retirement.
Best bet: call the closest MPF, and if you want to get a straight answer, call the MPF for a Reserve unit. Try Buckley (the Guard F-16 squadron), or Peterson (Herc Reserve unit, I think).
Good point--I think the buyout does pre-empt the retirement.
Best bet: call the closest MPF, and if you want to get a straight answer, call the MPF for a Reserve unit. Try Buckley (the Guard F-16 squadron), or Peterson (Herc Reserve unit, I think).
#27
I was thinking of looking into a USAFA/CAP liason job that wouldn't require any time away from home as I already spend two weeks a month on the road. I just didn't know if I could collect a retirement without even getting those jobs. Family time is really important to me, not the retirement money.
Slice, I'm not worried about paying back the VSP upon retirement because it will already be paid back with VA pay...
#28
I don't want a flying job because then I would be away from home three weeks out of the month. I was just curious what would be the easiest way to make the minimum retirement to have something in my back pocket for after age 60...
#29
Space Command
I have a buddy who works--or worked--at Space Command at C-Springs. Non-flying, and paying. Worth a shot.
I think most of this is done at the compound out east of C-Springs, not Cheyenne Mountain. However, Buckley does a lot of space stuff now too (well, they always did, but now they are up-front about it, and changed it from a Guard Base to an Air Force Base).
I think most of this is done at the compound out east of C-Springs, not Cheyenne Mountain. However, Buckley does a lot of space stuff now too (well, they always did, but now they are up-front about it, and changed it from a Guard Base to an Air Force Base).
#30
I have a buddy who works--or worked--at Space Command at C-Springs. Non-flying, and paying. Worth a shot.
I think most of this is done at the compound out east of C-Springs, not Cheyenne Mountain. However, Buckley does a lot of space stuff now too (well, they always did, but now they are up-front about it, and changed it from a Guard Base to an Air Force Base).
I think most of this is done at the compound out east of C-Springs, not Cheyenne Mountain. However, Buckley does a lot of space stuff now too (well, they always did, but now they are up-front about it, and changed it from a Guard Base to an Air Force Base).
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