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di1630

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Posts posted by di1630

    Retirement / Separation Considerations

    in General Discussion

    Posted

    Alright, I'm tracking. So if you have 30 days to sell and retire on 1 Mar (for instance), you're saying you'll collect your base pay ($9,000) and get your retirement pay ($4,500) collecting $13,500 in total? for example? At the end of your second month (30 Apr) retired you'd have collected $18,000. Ok I'm tracking this gameplan now. I wasn't before.
    By my math, if you take the leave (starting 1 Mar), you'll go on terminal, collect $9,000 + ~$1,500 (BAH) + ~$300 (BAS) + $1,000 (Flight pay) = $11,800 and then one month later you'd get that first retirement check (~ $4,500) and come out at around $16,300 so you're short about $1,700 - given a hypothetical (lowish) BAH rate.
    That said, something everyone who is approaching retirement should be familiar with is exactly how retired pay is calculated. If you stay active that extra month, you're not only bumping one of your lowest months of pay off the bottom and replacing it with one at your highest pay, you are also getting a multiplier bonus - which I don't think everyone is necessarily aware of. So when you retire with exactly 20 years of service your multiplier is .5000. When you retire with 20 years and 1 month, your multiplier is .5 + 2.5 * ( 1 month / 1200) = .5021. With 20 years and 2 months, it's .5042. I think most people think you need to trip another full year of service to collect another 2.5%.
    With this in mind, if you're a Lt Col at 17 years in Jan of 2020, your retired pay would wind up as $4,732.13. If you retire with 20 + 1 mo, it becomes $4,766.99 (+$34.85); with 20 + 2 it becomes $4,801.97 (+$69.83).
    Eventually, in about 4 years, you make that original $1,700 back and then have more retired pay forever. Choose your adventure.
    https://www.law.cornell.edu/uscode/text/10/1401
    https://www.law.cornell.edu/uscode/text/10/1409

    That’s a decent point. I’d do that but need my dd214 asap.

    Retirement / Separation Considerations

    in General Discussion

    Posted

    That distinction doesn't make a difference, though. You can't get base pay + retirement pay because you can't get retirement pay until you're retired...
    If you separate (not getting a pension) you can start your job, so New Job + Mil Job > New Job + Mil Job - BAS - BAH.
    I guess if you need a fist full of dollars now it makes sense, but that's the only condition where it could make a difference. The end sum would always be greater if you stay on AD longer and collect everything you're entitled to.

    If you sell back a month of leave you get base pay for that.

    If you retire, you can sell back that month for base pay amount plus you’ll get retirement.

    For me, the $4500 retirement pay out earns my BAH/BAS/Flight pay

    So retiring = sell back is usually worth more money.



    Retirement / Separation Considerations

    in General Discussion

    Posted

    I fail to see how this is ever the case. If my calculations are correct, you ALWAYS make more money by taking it as terminal leave and collecting BAS + BAH + Base Pay > Base Pay. Am I missing some detail?

    Base pay + retirement pay beats base pay + bah/bas/flight pay.

    If you aren’t going to get a pension…you are correct.

    I need my DD214 as quick as possible so selling it makes sense for time and money,

    Russian Ukraine shenanigans

    in General Discussion

    Posted

    Russia just shut off ammonia nitrate fertilizer between Feb 2 to Apr 12 to insure their farmers have a some for their own use. They supply two thirds of the worlds supply. 

    Truth data, I run a 1,000 acre wheat farm as a side gig…after reading you guys here I just contacted my fertilizer guy for a quote and the price last year for fertilizer per acre cost me $63, this year it’ll be $120 at current rates.

    Never seen anything like it.

    Of course this will drive up prices and be passed to the consumers.





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    F35 navy crash rumor?

    in General Discussion

    Posted

    Any truth to this?    Thoughts?
     
    Many of you have seen the topic of the recent F35 crash being discussed, along with statements supposedly made by the pilot right before he ejected that he was having chest pains.  As skeptical of everything that has to do with the vaccine as I am, even I thought the reporting on this was BS hyperbole.  Until about 30 minutes ago, that is. . .  I commanded an F/A-18 squadron in the 2007-2010 time frame, and a good friend of mine who was also a Hornet squadron commander and Airboss afterwards just called to tell me that he heard the unedited PLAT tape with his own ears, and before ejecting the pilots says: "I'm experiencing sudden and intense chest pain as if someone hit me in the chest with a baseball bat. ing vaccine!"  Again - even though I'd seen reporting along these lines over a week ago, I discounted it as BS.  But it's not. . .  UFB!

    Plenty of people have had chest pain before the vaccine. Could be related…could not be.

    Oddly though at my base we’ve had 2x healthy 35sh yr olds with heart attacks recently.

    Again, could be the vaccine, could be something else.

    The new airline thread

    in Squadron Bar

    Posted

    A dude in my SWA new hire class (former AF pilot) did a year at SWA, leave SWA for American hated it and is now trying to get back to SWA.

    All goes to show you that one man’s trash is another man’s treasure. Compared to AD any airline is better.

    My best advice is whatever you do, live in base. Commuting sucks.


    Sent from my iPhone using Baseops Network mobile app

    Can you expand as to why he like SWA better?

    The new airline thread

    in Squadron Bar

    Posted

    I'd lean toward AA and not just because I work there, but because it gives you more options.  As mentioned many, many times, our contract and work rules suck right now compared to others.  I foresee us finally solidifying a new one soon.  Doug is gone in a month and Robert "seems" motivated to get something on the books.  I will piggyback on the fact that the less-than-ideal work/scheduling rules get a little less annoying when you're in-base.  Add to that being a TR Reservist and the world is yours... kind of.  I hear the PHX to LAX commute isn't too bad if you have to deal with that for a while.  The only downside is that there aren't as many good trips out of LAX than other bases on the 320.

    Can you expand on contract and work rules?

    Russian Ukraine shenanigans

    in General Discussion

    Posted

    Remember when you are talking about NATO military actions, you are really referring to US military actions.

    NATO is a joke. I spent ~5 years seeing that anything not US led in NATO was essentially a worthless only-for-show effort.

    Hell, usually NATO actually gets in the way of decent COAs

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