Can someone explain the AFRC retirement system like you are explaining it to a 5th grader? I'm trying to wrap my head around it and have read many articles, but I still have questions.
So let's say I separate from AD at 12 years service (4380 pts earned). From this point, I would need 8 qualifying years in the AFRC to retire. Let's say I join a white jet AETC unit at a UPT base as a TR. If I fly 4 days a month, do these days count as AD days (earning 1 point a piece) or does this count towards a drill? If they count as AD days, then I'd have 48 AD days a year, plus my bonus 15 points, giving me 63 points per year. So if I earn 63 points a year for 8 years, then I'd hit 20 good years with a total of 4884 points. At this point, I can retire, however I will not collect a check until the age of 60 (with some early retirement exceptions). So 4884/360=13.56 years. 13.56 x 2.5% = 34%. So this tells me my retirement paycheck would be 34% of my salary at retirement. So is this based off the AD pay scales? For example, if I retire as a Maj in AFRC with 20 years qualifying years, do I use the AD O-4 with 20 years value? Or do I use O-4 with 13.56 years? Or is there a separate AFRC retirement pay scale?