Voluntary separation pay stories

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11-18-2007, 06:02 AM

#11

reCALcitrant

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Joined APC: May 2006

Posts: 840

Quote:

Originally Posted by C212135

I got a Gov't non-flying job and love the hours and freedom. Miss the flying for now, but I'm trying to get on with a Reserve or ANG unit in town. How about you since you started the thread? Best to all and good luck out there, you are a valuable commodity outside the cockpit too (probably more so), should you go that direction.

Had a guy in our unit do this at the 16 year point. Took the pay and ran. He is now in the reserves and will get a reserve retirement. The VSP money he took comes directly off of the retirement pay he gets starting at 60. Not sure of the details, but I am sure if you retire from the reserves, your check will not be very big until late. My whole point, is to invest that money wisely.

11-19-2007, 03:51 AM

#12

C212135

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Joined APC: Oct 2006

Position: KC-135/ANG/CRG

Posts: 86

Pay Back

Plan to buy into the GS retirement and phase in TSP...up to 5% match/year and max out my ROTH IRA.

--Also went to Reno for my 1st business trip -- Single deck Blackjack best odds in the house

11-19-2007, 07:27 AM

#13

C212135

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Joined APC: Oct 2006

Position: KC-135/ANG/CRG

Posts: 86

ReCAL,

Any idea if your friend is paying back the after tax amount or the full amount...VSP was taxed at 25%. Thanks.

12-06-2007, 06:12 PM

#14

TankerDriver

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Joined APC: Oct 2005

Posts: 900

Gotta love it when the government is giving you an incentive to get out and then takes 25% of it back. Quite comical actually.

12-08-2007, 04:55 PM

#15

Rocco

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Joined APC: Apr 2007

Posts: 511

Quote:

Originally Posted by sigtauenus

I'll be sending a resume to a small company in Moyock, NC. Not sure if anything will come of it, but if the pay is good and I can keep doing what I'm doing now for them, I'll consider it. It would be non-flying.

You interview yet? How did it go?

12-10-2007, 11:36 AM

#16

sigtauenus

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Joined APC: Jul 2007

Position: HMMWV in Iraq

Posts: 328

I'm waiting 1) for the FY08 board results to come out, hopefully this week or next, and 2), for the state department to figure out how employees of that company will be treated in any future "incidents" overseas.