Big Bonus on table for USAF fighter pilots
06-25-2013 | 03:53 PM
#11
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From: Retired Mil...ready to start the grind
To my knowledge (going back to mid-90s), the AF has always offered the 50% lump sum option with the bonus. In this case, a 9-year contract is worth a total of $225,000, so the 50% option lets you take 112,500 just for signing.
The previous (standard) 5-year contracts were/are worth $125,000, so the 50% lump sum is/was $67,500.
The previous (standard) 5-year contracts were/are worth $125,000, so the 50% lump sum is/was $67,500.
Anyone choosing to take this bonus who even thinks they wouldn't like sticking around for another 10 years of this clown show deserves what they get...squadrons closing, idiots running the show, fewer hours.
06-25-2013 | 03:55 PM
#12
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From: Falcon 900B
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.
06-25-2013 | 04:33 PM
#13
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From: MD-11
So what they're really saying is we have very little experience left, we can now see the train wreck coming which was easily forecasted by even the most junior LT in the sq years ago, and we want to give you a retirement pay check so sign upmnow before we change the retirment rules. BTW if you take it now while still in OEF you should be able to get most of the lump sum tax free. When I got the $125k over 5 years I got back all but about 3-4k as a result of CTZE.
06-25-2013 | 05:04 PM
#14
Line Holder
Joined: Mar 2011
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From: At the handlebars
To my knowledge (going back to mid-90s), the AF has always offered the 50% lump sum option with the bonus. In this case, a 9-year contract is worth a total of $225,000, so the 50% option lets you take 112,500 just for signing.
The previous (standard) 5-year contracts were/are worth $125,000, so the 50% lump sum is/was $67,500.
The previous (standard) 5-year contracts were/are worth $125,000, so the 50% lump sum is/was $67,500.
06-25-2013 | 05:32 PM
#15
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Joined: Nov 2009
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That's not a big bonus! This is comical!
Guys that were going to stay in any way will take it, the rest will laugh and carry on. $225k for four years with guaranteed flying orders for the duration, and my run for the door might slow to a fast walk for a few steps.
In a twist of fate the Marines are paying F-18 O-4s $200k to get out.
06-25-2013 | 07:17 PM
#16
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Joined: Oct 2012
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From: 737
So what they're really saying is we have very little experience left, we can now see the train wreck coming which was easily forecasted by even the most junior LT in the sq years ago, and we want to give you a retirement pay check so sign upmnow before we change the retirment rules. BTW if you take it now while still in OEF you should be able to get most of the lump sum tax free. When I got the $125k over 5 years I got back all but about 3-4k as a result of CTZE.
06-25-2013 | 08:43 PM
#17
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From: Awa(k3rE3
In 2000, they offered 1 yr, 3 yr, 5 yr, through 20 years service, or through 25 years of service. The 5 yr, 20, and 25 options were at 25k per year. I don't remember what the 1 yr and 3 yr offerings were, but they were less cash. The upfront amount was limited to 50% or 100k, whichever was less.
06-25-2013 | 09:11 PM
#18
Get me outta here...
Joined: Oct 2008
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From: Boeing right seat
For those at the 11 year point who are considering this, please read the fine print. My question is this:
If you get passed over for O-5, can the AF involuntarily separate you?
If you are RIF'd, will the AF require you to pay back your remaining bonus?
Bottom line:
- under what terms can YOU get out of the bonus early?
- under what terms can the AF terminate the contract unilaterally?
If you get passed over for O-5, can the AF involuntarily separate you?
If you are RIF'd, will the AF require you to pay back your remaining bonus?
Bottom line:
- under what terms can YOU get out of the bonus early?
- under what terms can the AF terminate the contract unilaterally?
06-25-2013 | 11:04 PM
#19
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Joined: Jul 2008
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From: 737 Right
BIG BONUS???
In 1997 I signed the 25K/year bonus that took me out to 20 yrs of aviation service. Due to only having an 8 yr pilot training commitment the contract was for 11 yrs. 275K and 50% up front. That was 16 years ago. Adjust for inflation and they need to be offering at least 35K/year to make it comparable to what guys got in the past. Throw in the large number of airline pilot retirements kicking in now and the writing is on the wall -- mass exodus.
Good news for those who stay though is that promotion rates will skyrocket because you'll be competing against a much smaller number for promotion.
In 1997 I signed the 25K/year bonus that took me out to 20 yrs of aviation service. Due to only having an 8 yr pilot training commitment the contract was for 11 yrs. 275K and 50% up front. That was 16 years ago. Adjust for inflation and they need to be offering at least 35K/year to make it comparable to what guys got in the past. Throw in the large number of airline pilot retirements kicking in now and the writing is on the wall -- mass exodus.
Good news for those who stay though is that promotion rates will skyrocket because you'll be competing against a much smaller number for promotion.
06-26-2013 | 03:39 AM
#20
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Joined: Oct 2012
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From: 737
BIG BONUS???
In 1997 I signed the 25K/year bonus that took me out to 20 yrs of aviation service. Due to only having an 8 yr pilot training commitment the contract was for 11 yrs. 275K and 50% up front. That was 16 years ago. Adjust for inflation and they need to be offering at least 35K/year to make it comparable to what guys got in the past. Throw in the large number of airline pilot retirements kicking in now and the writing is on the wall -- mass exodus.
Good news for those who stay though is that promotion rates will skyrocket because you'll be competing against a much smaller number for promotion.
In 1997 I signed the 25K/year bonus that took me out to 20 yrs of aviation service. Due to only having an 8 yr pilot training commitment the contract was for 11 yrs. 275K and 50% up front. That was 16 years ago. Adjust for inflation and they need to be offering at least 35K/year to make it comparable to what guys got in the past. Throw in the large number of airline pilot retirements kicking in now and the writing is on the wall -- mass exodus.
Good news for those who stay though is that promotion rates will skyrocket because you'll be competing against a much smaller number for promotion.
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