Big Bonus on table for USAF fighter pilots
#72
The one upside is that if the furlough does come, there are usually orders to be had...if you're willing to travel. You can pick up orders flying with other units (alert/deployment), going to the state/national Guard Bureau, ACC (or whatever MAJCOM), overseas, etc... Not all are ideal, but it puts food on the table.
Goodluck!
#73
I guess commuting doesn't count, nor does having your base shut down, nor does getting furloughed or being forced to take a paycut...
Not that I'd stay in the military necessarily, but I'm not sure if you've noticed the airline industry over the last 15 years or so...
Not that I'd stay in the military necessarily, but I'm not sure if you've noticed the airline industry over the last 15 years or so...
#74
I agree with the balancing Hacker. I've been doing it since 2005. The boldface I put in your post is the key. I would not go to a fighter unit in the Reserves. The commitment is too much to stay basic CMR. The bomber and heavy units can stay current in 2-3 days per month. Even better is to go to a non flying gig where you have no worries of flying duties. The balance that has to give is the flying part. Family and the good pay job certainly aren't the ones I would choose to ignore. Cheers.
One consideration not mentioned is future tax liability. At 125-150k as a Maj/LTC, it may not seem like the driving issue. If you are thinking long term, however, salaries at the legacies have rebounded on the last contracts and making 200k between the jobs (eventually) is not out of the question. Add in a working spouse and bam--you are high income for tax purposes. If you are getting clobbered with state income taxes, you may find your guard job is just there to pay your taxes (think California). I have a friend that was an O-5 Squadron Commander living in SOCAL, and paid well at FedEx. I'm sure his tax bills are tough. If he was flying out of Nevada at Fallon or Florida out of PNS he could save a lot of money. Now--that may not be driving factor, and it may not be a player for a few years, but for those of you with O-5 or O-6 in the total force in your sights it might be a legitimate consideration for future planning.
#76
Gets Weekends Off
Joined APC: Dec 2009
Position: Airplane
Posts: 2,385
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?
If you take a bonus for 9 years, that's not a contract for the AF to keep you in for 9 years, under the continuation pay instruction, if YOU don't fulfill the contract, you will forfeit any upcoming yearly bonuses and pay back the prorated amount.
Being separated due to RIF, retirement or other reasons will NOT give you a respite from paying the prorated amount (of just that current year) back, nor does it guarantee you'll stay in for the length of the contract either.
And, under most circumstances, the entire prorated amount will be deducted from your last check. I believe there is a provision to have the payments back to the AF stretched out over a period of time, but I'm not sure how you go about doing it.
#77
"A guard/reserve gig and an airline job are the best of both worlds if you can land them."
Actually the best of both worlds is to get out between year 13-15 and get hired by a major airline. Then after a year or two you take a mil leave of absence to go back on active duty to finish out your 20. I know a couple of guys who have managed to pull this off. It is pretty much the sweetest way to maximize pay/retirement/QOL. It is by no means easy to accomplish though. If you are the type that burns bridges on your way out the door you probably can't find anybody that will by name request you when you try to get back on AD. However, this is the time period when some of your good buddies will be becoming DO/CC types and could ping AFPC on your behalf.
As for flying majors and reserve, one of my buddies has been doing that with FedEx for years. Absolutely hates it. He's trying to find a reserve gig that will remove him from the cockpit. When I was deciding on the bonus or getting out his advice was to stay in until 20 that way I'd always have only one job at a time, but 2 sources of income.
Take this for what it's worth. There is certainly no reason to stay in purely for the financial security if the QOL is crushing you. Trade in the TOD-mobil if you have to. Life is too short to spend it unhappy.
Actually the best of both worlds is to get out between year 13-15 and get hired by a major airline. Then after a year or two you take a mil leave of absence to go back on active duty to finish out your 20. I know a couple of guys who have managed to pull this off. It is pretty much the sweetest way to maximize pay/retirement/QOL. It is by no means easy to accomplish though. If you are the type that burns bridges on your way out the door you probably can't find anybody that will by name request you when you try to get back on AD. However, this is the time period when some of your good buddies will be becoming DO/CC types and could ping AFPC on your behalf.
As for flying majors and reserve, one of my buddies has been doing that with FedEx for years. Absolutely hates it. He's trying to find a reserve gig that will remove him from the cockpit. When I was deciding on the bonus or getting out his advice was to stay in until 20 that way I'd always have only one job at a time, but 2 sources of income.
Take this for what it's worth. There is certainly no reason to stay in purely for the financial security if the QOL is crushing you. Trade in the TOD-mobil if you have to. Life is too short to spend it unhappy.
#78
We've had a few guys snag non-flying jobs. Didn't seem like they had a hard time finding a gig. Two sources of income are always great options. If you don't stay until 20 then I would definitely find a Guard/Reserve gig. It's great piece of mind that if my civilian job tanks, I can still buy my hookers and blow.
#79
Is he a single or double commuter? The double commuters absolutely hate it...the single commuters seem to not mind as much. If you can manage to live in base for both jobs it's actually a pretty good life (not talking just FedEx).
We've had a few guys snag non-flying jobs. Didn't seem like they had a hard time finding a gig. Two sources of income are always great options. If you don't stay until 20 then I would definitely find a Guard/Reserve gig. It's great piece of mind that if my civilian job tanks, I can still buy my hookers and blow.
We've had a few guys snag non-flying jobs. Didn't seem like they had a hard time finding a gig. Two sources of income are always great options. If you don't stay until 20 then I would definitely find a Guard/Reserve gig. It's great piece of mind that if my civilian job tanks, I can still buy my hookers and blow.
#80
I just left a super tanker wing, and for the past several years, we were getting T-38 guys and even 1 or 2 ENJJPT guys. If there is a fighter pilot shortage, why are they sending fighter track guys to heavies?
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