Jump to content

Recommended Posts

Posted

I remember in the past some people have touched on VSP payments and tax filing. Does anyone have any answers for those with a DOS on Dec 31 who will be getting there $$$$ in January 2015?

I am curious if I'll get an amended W2 to claim those funds for 2014, or when I file 2015 seeing as how I'm getting that money in CY 15.

Posted

Finance keeps telling me that it will appear on our 2014 W-2's, but it sounds like pure speculation and no one really knows. I spent the majority of 2014 deployed which is driving a low taxable income in 2014 so I'm really hoping it shows up on my 2014 W-2. I have run the numbers and I should get about half of the 25% that they tax us back.

  • Downvote 1
Posted

The money is taxed the year it is paid to you....unless you're a corporation or conduct the Irish two-step. That's why timing a PCS or DITY move voucher submission is crucial and in your control. Damn I should write a book on military fianace...at least the AF paid for my Master in Finance, maybe I can stretch it some more.

  • Downvote 1
Posted

Question for the masses. I’ve got buddy who found out he was RIFed in November, space guy working in an ASOS. He’s plan going forward is to join active duty Army as a WO and attend helo training. However, he is being told if he goes forward with that, he will not receive the one year severance pay because he will be unable to meet the inactive reserve requirement. Anyone else come across this? Doesn’t seem right.

Why would he receive military separation pay if he's not separating from the military?

And tell him good luck at Rucker! He'll love it! As for being in the Army, YMMV.

Posted

No 2015 TERA or VSP: "the Air Force said it would only offer a limited range of non-monetary voluntary programs in fiscal 2015".

Anyone else think AFPC just needs a break to figure out what the hell they've done over the past 12-months?

https://www.airforcetimes.com/story/military/careers/air-force/2014/12/17/no-tera-vsp-programs-2015/20548885/

The 2014 program worked as it was supposed to, hence no need for the programs in 2015. Personnelist brothers on this forum: I know you don't get a lot of love here, but thank you for what you do every day- this announcement validates your efforts. And for everyone else...Gen Welsh's vision of quick cuts has paid off, as the spectre of cuts no longer remains as the elephant in the room. Enjoy your careers--it's a good time to serve our country.

  • Downvote 5
Posted

The 2014 program worked as it was supposed to, hence no need for the programs in 2015. Personnelist brothers on this forum: I know you don't get a lot of love here, but thank you for what you do every day- this announcement validates your efforts. And for everyone else...Gen Welsh's vision of quick cuts has paid off, as the spectre of cuts no longer remains as the elephant in the room. Enjoy your careers--it's a good time to serve our country.

Since you're the smartest guy in the room, care to make a prediction on continuation vs non-continuation rates/outlook on next year's O-5 board results?

Posted

I'll prognosticate for the rest of FY15:

1) No Involuntary Force Reductions

2) Extremely limited voluntary reduction offers

3) twice non-promoted officers in critical skills within 4 years of retirement will be offered continuation, and TERA will be offered to eligible non-continued officers

The FY14 cuts were deep, into muscle, and we're feeling it.

Posted

But he’s leaving the Air Force. I’m a VSP guy and landed in the reserves; another buddy I know who took VSP is headed to fly C-130s in the Navy Reserve. We both got our pay no problem. Not sure why a guy joining the Army after he’s been RIF would be denied separation pay when other folks can join the AF reserves or Navy.

You said he was going AD in the Army...so not really separating from the military. Separation pay has to do with the entire military, not just the AF. Besides, you will all have pay back your separation pay if and when you retire from the guard, reserves.

Posted

Also if you are in the reserves you can always be called back to AD. How exactly is the Air Force going to tell the AD Army to cut you loose so you can come back to AD Air Force?

The 2014 program worked as it was supposed to, hence no need for the programs in 2015.

Yeah if demoralizing the majority of the crew force and causing distrust in higher leadership was what you were aiming to accomplish.

Posted

Don't know if I would qualify FY14 program as an organized implementation plan. Feels like an entire O-line pushed from behind goal line TD. Sure we meet the goal, but the process was unnecessarily chaotic. I think it highlights just how a reactionary organization AF is. Two years from now, we'll be suddenly "undermanned"....

Posted (edited)

I guess my line of thinking is this, if he got out of the AF, who cares what he does outside of earning a military retirement. If he lied and said he's going civilian and joined the Army a month later, would the AF come knocking and say pay it back right now? Or wait till retirement like everyone else that got VSP/RIF? Thanks for the feedback.

https://comptroller.defense.gov/Portals/45/documents/fmr/archive/07aarch/07a_35_Jun10.pdf

Reference page 44 in the PDF, rule 3. It says if he 'immediately enters on active duty with the other Military Service, then separation pay is not payable. Surfing around the PDF looks like 'immediate' refers to less than a break of 30 days. It mentions something for AD officers in reserve commission status, but we all have regular commissions (at least after being in for 6 years). So it could just be what he told them and they have him info on what he said he plans to do?

Hope this helps!

Edited by HeloDude
Posted (edited)

The 2014 program worked as it was supposed to, hence no need for the programs in 2015. Personnelist brothers on this forum: I know you don't get a lot of love here, but thank you for what you do every day- this announcement validates your efforts. And for everyone else...Gen Welsh's vision of quick cuts has paid off, as the spectre of cuts no longer remains as the elephant in the room. Enjoy your careers--it's a good time to serve our country.

I've never like the nature of your comments, and how you word your posts. I don't know if you are trying to come off as condescending most of the time, but I'm trying not to read too much into it. The program didn't work as it was supposed to because complaints about lack of TAMP were the only thing that got us that benefit in the end. What about those who were denied TERA then given it back again only after the CSAF stepped in. Unbelievable buffoonery at multiple levels in this process occurred, and then the boss has to get involved. I have always respected Gen. Welsh. His integrity and ability to actually make a decision is fantastic and it shows he truly cares about his people. Sec. James is the same way and I applaud her efforts in how she is actively trying to improve the force. I don't know you personally, but it seems that you take Big Blue's side of the issue every single time. I know plenty of O's and E's like you and that was a large factor in why I chose to get out with this benefit. I hope you get more objective.

Break Break

wholeheartedly agree about personnel at MPF/CSS/Finance who actually know how to do their jobs. My last base was fortunate enough to have great supervisors in those roles, and they did a great job.

Finance keeps telling me that it will appear on our 2014 W-2's, but it sounds like pure speculation and no one really knows. I spent the majority of 2014 deployed which is driving a low taxable income in 2014 so I'm really hoping it shows up on my 2014 W-2. I have run the numbers and I should get about half of the 25% that they tax us back.

If you separated at the end of Sep 2014, it will be on 2014's W-2. If you are separating at the end of Dec 2014, you should not get separation pay until 1 Jan 2015 at the earliest, which would put that amount as compensation on your 2015 W-2. This will be more beneficial for those who are still searching for employment, and allow them to have a few months with extra cash as security.

The money is taxed the year it is paid to you....unless you're a corporation or conduct the Irish two-step. That's why timing a PCS or DITY move voucher submission is crucial and in your control. Damn I should write a book on military fianace...at least the AF paid for my Master in Finance, maybe I can stretch it some more.

2, and see above as well.

Edited by Fud
Posted

The 2014 program worked as it was supposed to, hence no need for the programs in 2015.

I can't believe you just said that. After reducing the size of the force by over 16,000 through voluntary and some tough involuntary measures, it was still worth it to further eliminate about THREE HUNDRED AND SIXTY officers?! (IE, a drop in the bucket) Most of whom, from personal evidence, seem to be in the 12 year range? A large percentage of which are acquisitions experts, in the phase of their career where they are the ones with some of the greatest influence on the large acquisitions programs for which we are saving money for, except now there's no one to run them. And it was fiscally responsible to eliminate two TPS graduates (disclaimer: yes I am one, so somewhat biased in my viewpoint) who you just spent over ONE MILLION DOLLARS on just 4 years ago? (With no negative indicators mind you) If this is what they set out to do, well done. I would love to hear if the SECAF is even aware of the types of folks she has lost.

  • Upvote 3
Posted

The money is taxed the year it is paid to you....unless you're a corporation or conduct the Irish two-step. That's why timing a PCS or DITY move voucher submission is crucial and in your control. Damn I should write a book on military fianace...at least the AF paid for my Master in Finance, maybe I can stretch it some more.

Not sure this is correct. I know the USAF finance isn't the pinnacle of accuracy, but the way it was explained to me by them and a CPA is it all depends on how they account the funds. Those funds belong to 2014, but because of the delay in their paper pushing it won't arrive Dec 31. As goes the same for our final paycheck and leave sell back. Those funds belong in 2014 and will be on the 2014 W-2 even though they are arriving in 2015. I sure hope this is the case, but we will see when the paperwork arrives.

Posted

Chang is trolling people here, nothing more, nothing less. General Cox came and spoke at our wayward school by the river; he wasn't nearly as chipper about how the FY14 force management programs unfolded. The personnelist in my flight openly espouses that the planning, messaging, and execution of these programs was a complete goat rope. On the positive side, it seems like the involuntary drama is done and a decent amount of people that wanted to try a different path outside the AF are getting the chance.

Posted

I got paid about a week after my DOS, and they didn't take the taxes out. Save about 30% of it.

No, IRS has cut manning and says they will delay processing refunds. If that is the case you have a good chance of them not noticing taxes were not taken out and you should be good to go. Just don't say anything about it on the Internet or they may figure of out later.

  • Upvote 1
Posted

Chang is trolling people here, nothing more, nothing less. General Cox came and spoke at our wayward school by the river; he wasn't nearly as chipper about how the FY14 force management programs unfolded. The personnelist in my flight openly espouses that the planning, messaging, and execution of these programs was a complete goat rope. On the positive side, it seems like the involuntary drama is done and a decent amount of people that wanted to try a different path outside the AF are getting the chance.

I know SECAF says we're done...but we also have to cut another 4,000 people somewhere. Any insight on how we're going to cut 4,000 people with no VSP, TERA, or involuntary programs?

Don't know if I would qualify FY14 program as an organized implementation plan. Feels like an entire O-line pushed from behind goal line TD. Sure we meet the goal, but the process was unnecessarily chaotic. I think it highlights just how a reactionary organization AF is. Two years from now, we'll be suddenly "undermanned"....

Well, my community brought back a WSO after almost a decade due to WSO manning. He's an O-5 going back through initial qual. At the same time, we RIF'd three O-4 WSOs, including an evaluator with six deployments, qualified in the new glass cockpit aircraft. So...worked great, I guess.

Posted

Any insight on how we're going to cut 4,000 people with no VSP, TERA, or involuntary programs?

Palace Chase?

Posted

Any insight on how we're going to cut 4,000 people with no VSP, TERA, or involuntary programs?

Slow accessions, continue the quality force review boards, and the normal separation/retirement process is the plan. I know the NDAA says the end strength is 312,###, but the SECAF/CSAF manning redline is 315,400 - we're pretty much there.
Posted

I got paid about a week after my DOS, and they didn't take the taxes out. Save about 30% of it.

Weird. Mine had taxes withheld
Posted

No, IRS has cut manning and says they will delay processing refunds. If that is the case you have a good chance of them not noticing taxes were not taken out and you should be good to go. Just don't say anything about it on the Internet or they may figure of out later.

I got mine in 2011, it was followed by a letter saying, "oops", pay your taxes in a few months.

Posted

I know SECAF says we're done...but we also have to cut another 4,000 people somewhere. Any insight on how we're going to cut 4,000 people with no VSP, TERA, or involuntary programs?

Well, my community brought back a WSO after almost a decade due to WSO manning. He's an O-5 going back through initial qual. At the same time, we RIF'd three O-4 WSOs, including an evaluator with six deployments, qualified in the new glass cockpit aircraft. So...worked great, I guess.

Basically what 11F said above. He (the general) was didn't really answer most of the questions posed to him directly so I don't have any other info to offer.

Posted

I know SECAF says we're done...but we also have to cut another 4,000 people somewhere. Any insight on how we're going to cut 4,000 people with no VSP, TERA, or involuntary programs?

Via PT fails, the crusade against sexual assault, aggressive drug testing, and MEBs. On the E side the new high year tenure limit of 15 years for E5s is starting to claim some victims as well.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...