Vickrey15E Posted January 9, 2016 Share Posted January 9, 2016 With airline pay and retirement being ambiguous based on many factors, does anyone have a good calculation on the financial aspects of punching at 15 and going guard/airlines versus retiring at 20? Link to comment Share on other sites More sharing options...
ThreeHoler Posted January 9, 2016 Share Posted January 9, 2016 Use the search...it has been discussed many times before on this board and the math is fairly straightforward. Link to comment Share on other sites More sharing options...
Herk Driver Posted January 9, 2016 Share Posted January 9, 2016 Use the search...it has been discussed many times before on this board and the math is fairly straightforward. Not that this doesn't need to be added to the other thread, but what does the new retirement system do to that prior calculation? Now that you can leave with some money "in your pocket" for retirement, does that change the decision for people or not? Link to comment Share on other sites More sharing options...
HU&W Posted January 9, 2016 Share Posted January 9, 2016 2 hours ago, Herk Driver said: Not that this doesn't need to be added to the other thread, but what does the new retirement system do to that prior calculation? Now that you can leave with some money "in your pocket" for retirement, does that change the decision for people or not? Only if you've been in for less than 12 years 1 Jan 2018, everyone else is grandfathered. TERA expires 30 Sep 2018 with a min TIS of 15 years, so there should be nobody dual-eligible for both options. Link to comment Share on other sites More sharing options...
Champ Kind Posted January 9, 2016 Share Posted January 9, 2016 Not that this doesn't need to be added to the other thread, but what does the new retirement system do to that prior calculation? Now that you can leave with some money "in your pocket" for retirement, does that change the decision for people or not? Only if you've been in for less than 12 years 1 Jan 2018, everyone else is grandfathered. TERA expires 30 Sep 2018 with a min TIS of 15 years, so there should be nobody dual-eligible for both options. Wait...what? After the end of FY18, TERA will never be offered again? Link to comment Share on other sites More sharing options...
Herk Driver Posted January 9, 2016 Share Posted January 9, 2016 Not that this doesn't need to be added to the other thread, but what does the new retirement system do to that prior calculation? Now that you can leave with some money "in your pocket" for retirement, does that change the decision for people or not? Only if you've been in for less than 12 years 1 Jan 2018, everyone else is grandfathered. TERA expires 30 Sep 2018 with a min TIS of 15 years, so there should be nobody dual-eligible for both options. Didn't read it that way but ok. My comment was intended for a longer term focus and discussion. Link to comment Share on other sites More sharing options...
ThreeHoler Posted January 9, 2016 Share Posted January 9, 2016 Not that this doesn't need to be added to the other thread, but what does the new retirement system do to that prior calculation? Now that you can leave with some money "in your pocket" for retirement, does that change the decision for people or not? Only if you've been in for less than 12 years 1 Jan 2018, everyone else is grandfathered. TERA expires 30 Sep 2018 with a min TIS of 15 years, so there should be nobody dual-eligible for both options. Wait...what? After the end of FY18, TERA will never be offered again? This round of TERA can only be offered through FY18. It may be enacted again at a later date. Link to comment Share on other sites More sharing options...
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