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Aviation Continuation Pay (ACP - The Bonus)

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10 minutes ago, cragspider said:

I found the pdf, while it should be official now check out the fmr 07a that is referenced in the pdf. It isn’t up to date as the dfas pdf is. I would bet that the fmr is the base pay reg and not what dfas has listed. The $800 at 6 years is the step in the the right direction along with the $1,000 at 10 vs 12 years. But like we both said it is dod fiance. 

It makes sense, they should be targeting senior captains and junior majors who are in the decision making part of their 10 yr UPT ADSCs.  IMO, it’s too little, too late.  Most have already made their decisions and this kind of money isn’t going to change much.

Edited by flyusaf83

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On 1/6/2018 at 5:44 PM, SocialD said:

I just started an order on the 2nd and already have my first paycheck on mypay.  It shows my flight pay still at $650, I should be at $800 based on the chart above...Go figure.  

 

Hmmm....I just checked my January LES and I am getting $700. I'm a 10+ year dude...this is seriously jacked...what's the correct amount? I would think the 2018 table on the DFAS site would be the master.

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I’m waiting on my guard finance to research, as I am also an 11 year dude who is currently receiving $700/mo as an AGR. Per the 2018 DFAS tables, I should be well within the $1K/mo table. My mid-January LES reflects $700 still. My finance is asking up the chain and suggests watching the end of January LES. Probably going to do a CMAS (sp?) case if not in my EOM LES. 

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Good luck, Godspeed and please share what you learn...I expect our (Guard) finance to report back with a definitive answer approximately never based on their reaction when I went over and asked the question.

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The answer our finance shop got from NGB is essentially "checks in the mail..."  Somehow DFAS figured out how to get the AGRs and AD guys the correct pay rates for 2017, not so much for the DSGs or technicians.  Somehow the system figured out I was payed the $650 rate for a few AT days and back payed me for the $700 rate.  It still hasn't figured out I need back payed for all my UTAs/AFTPs.  Now in 2018, I'm due the $800 rate and I'm still being payed at the $650 rate.  I was told to expect an additional paycheck every period to pay me the difference until DFAS can unfuck their computers.  

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Our ANG unit has started rectifying incentive pay in a very haphazard manner.  As an over-12 traditional, I'm slowly being made whole for the $1000/mo. figure from back in October and November, but they are still paying me the $650/mo. for AFTPs/UTAs worked last week.  It's very random how they are paying out the differences too.  I'll get $11.66 per period (or two) worked one day but nothing for the next day.  

All I can say is track that shit!  

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One AD data point for others to consider: although my flight pay did increase to 1k as advertised, my flight pay TSP contribution was kicked off concurrent with the increase.  As others have mentioned, track your pay!

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I'm a technician and have been getting random LES' for $10 and some change for the last month.  I can finally fit into those airline conversations about how thousands of dollars randomly show up for profit sharing...

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21 hours ago, tac airlifter said:

One AD data point for others to consider: although my flight pay did increase to 1k as advertised, my flight pay TSP contribution was kicked off concurrent with the increase.  As others have mentioned, track your pay!

Why not just set your base pay percentage for tsp to equal whatever you want? (Which should be the Max people!) Much easier than having any special/incentive pays go to tsp. 

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For you guys maxing our your TSP contributions are you also doing so with your Roth IRAs?

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1 hour ago, Champ Kind said:

For you guys maxing our your TSP contributions are you also doing so with your Roth IRAs?

Yes. And a spousal Roth IRA. Have been doing this since I was a senior Capt and could afford it. 

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Yes. And a spousal Roth IRA. Have been doing this since I was a senior Capt and could afford it. 


2 same.

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IMHO every officer O3+ should be maxing his/her Roth TSP ($18,500 per year) as well as their own Roth IRA ($5,500) and their spouse's Roth IRA ($5,500) if married as a baseline for savings. $29,500 total that can grow tax free. In some situations traditional makes more sense than ROTH so YMMV slightly.

And if you can swing that sooner more power to ya.

Edited by nsplayr

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On 1/11/2018 at 4:44 AM, Termy said:

Why not just set your base pay percentage for tsp to equal whatever you want? (Which should be the Max people!) Much easier than having any special/incentive pays go to tsp. 

Personally, I put in a percentage of both my base pay and flight pay in order to get as close as possible to maxing it out. Since it's obviously a percentage-based system rather than one that lets you choose an exact dollar amount, I've usually found that going with the closest whole number percentage of my base pay still leaves me a couple hundred dollars under the mark. I made a spreadsheet as an LT, which accounts for any raises/flight pay increases expected throughout the year, that allows me to tinker with the numbers every December in order to set my percentages for the next year. Usually I can get within five bucks or so of the limit that way. Might not make a huge difference even in the long run, but it's an easy part of my annual EOY financial review.

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Guest

Answer given in the MAF Facebook page said and with the attached AF guidance (memo from Grosso on AF flight pay tables) that DFAS tables are the maximum any service can shell out for flight pay. However, each service can have their own tables with years and amounts that do not have to match the DFAS tables, but must be less than what the DFAS max is.

e..g. DFAS says 10 years+ = $1000

AF says 12 years+ = $ 1000 (I.e. 10 years + will get you $700)

BL: AF had an opportunity to pay more, but chose to dole out pennies to year groups that will have significant impact on AF retention numbers. The memo posted on Facebook matched the tables contained in the story linked below

http://www.af.mil/News/Article-Display/Article/1290397/air-force-announces-initiatives-to-lessen-pilot-shortage/

add:

Grosso’s memo was dated 29 Aug 2017.

Edited by Guest

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Wow, what a crock of shit. This one is on Big Blue 100%. Congress authorized more and they choose not to pay it.

And what’s worse is the authorized changes would benefit the exact demographic the AF desperately needs to retain (aviators at ~10 years of aviation service), i.e. the guys contemplating seriously whether or not to punch at the end of their commitment.

I’m in it to win it at this point (in the Guard), but man a $300 per month raise (from 700 up to 1K for moving up a tier) starting in Feb would have been sweet.

The max tier being at 12 (formerly 14) years rather than 10 never made any damn sense to me.

Edited by nsplayr
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5 hours ago, mcbush said:

Personally, I put in a percentage of both my base pay and flight pay in order to get as close as possible to maxing it out. Since it's obviously a percentage-based system rather than one that lets you choose an exact dollar amount, I've usually found that going with the closest whole number percentage of my base pay still leaves me a couple hundred dollars under the mark. 

Why not just choose the next whole number percentage higher (21% vs 20%)? In December if your election takes you over the limit they only withhold the amount to take you exactly to the limit. Buy the kids’ Christmas presents with the bigger paycheck that month. 

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28 minutes ago, nsplayr said:

Wow, what a crock of shit. This one is on Big Blue 100%. Congress authorized more and they choose not to pay it.

And what’s worse is the authorized changes would benefit the exact demographic the AF desperately needs to retain (aviators at ~10 years of aviation service), i.e. the guys contemplating seriously whether or not to punch at the end of their commitment.

I’m in it to win it at this point (in the Guard), but man a $300 per month raise (from 700 up to 1K for moving up a tier) starting in Feb would have been sweet.

The max tier being at 12 (formerly 14) years rather than 10 never made any damn sense to me.

Somehow this actually makes complete sense that the AF would do this. Ugh. 

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It’s pretty infuriating the AF didn’t/hasn’t maxed out allowable monthly flight pay. I guess it makes sense when the sentiment I’ve seen is that the AF has conceded there is no way they can keep up with Major airline compensation and they don’t like the idea of trying. Maxing flight pay rates wouldn’t make our pay much closer to the majors anyways:

https://www.airlinepilotforums.com/major/110196-2017-w2-earnings-18.html#post2494970

The optimist in me is hoping the DFAS

flight pay table increase is just preceding an AF decision to also raise Flight pay. Small chance I’m sure...but they could always raise the rates tomorrow and say that was the plan all along to save face!!!

 

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IMHO every officer O3+ should be maxing his/her Roth TSP ($18,500 per year) as well as their own Roth IRA ($5,500) and their spouse's Roth IRA ($5,500) if married as a baseline for savings. $29,500 total that can grow tax free. In some situations traditional makes more sense than ROTH so YMMV slightly.
And if you can swing that sooner more power to ya.
Since when are Roth IRA tax free? My read of everything, including my own Roth IRA, is that you don't get a tax deduction like youndonwitj a Traditional IRA but you don't pay taxes on it when you withdraw.

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That’s what I mean, tax-free growth. You are correct with Roth that you pay taxes on contributions now  

I’d much rather pay taxes on the principal right now when I make the contribution and then on the back end withdraw the principal as well as the gains tax-free.

This is my favorite article discussing the relative advantages/disadvantages of Roth vs Traditional: https://blog.wealthfront.com/roth-401k-vs-traditional-401k/

YMMV and if you are in a very high tax bracket now traditional has more advantages, but as the article states, the name of the game if you do traditional is, “Do I have the discipline and desire to save an additional sum to cover my future tax bill?”

One opinion among many, but one I find convincing and that led me to choose Roth whenever possible in my current financial situation. 

Back on track: FU big blue for artificially keeping flight pay and bonuses lower than Congress allows. They will reap what they sow here and the retention crisis will get worse. 

Edited by nsplayr

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1 hour ago, nsplayr said:

Back on track: FU big blue for artificially keeping flight pay and bonuses lower than Congress allows. They will reap what they sow here and the retention crisis will get worse. 

This is more on point with how out of touch big blue really is. We all saw it when they upped the 6 year pay by a measly $50 pre tax. They should be paying the $1k at 10 so they can try and keep guys in when they are making their decision points on to stay or not. But alas they missed that chance and like you said they will reap their consequences of the poor miss management of this. 

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On 1/12/2018 at 12:26 PM, Homestar said:

Why not just choose the next whole number percentage higher (21% vs 20%)? In December if your election takes you over the limit they only withhold the amount to take you exactly to the limit. Buy the kids’ Christmas presents with the bigger paycheck that month. 

Image result for d'oh

For whatever reason, I was under the impression that any contribution that went over the limit would be refunded in its entirety. Thanks for the tip.

On topic: It sucks that they aren't maximizing the opportunity here, but is it really a strategically incorrect move from the big AF perspective? If they doubled flight pay to two grand a month, is that a big enough move to keep young Majors from bailing in any significant number? I don't think so. If you're going to concede the pay aspect of the equation to the airlines, I guess you might as well save your pennies where you can.

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