BADFNZ Posted April 11, 2022 Posted April 11, 2022 I said it a couple months ago and I'll say it again: Once you separate and go through the VA disability process, you can do damn near the bare minimum and easily end up with 40-50% disability. That's $1000-$1300 a month, tax free depending on how many parents and kids you have. The bonus is $35K/yr taxed, which depending on your bracket, will probably come out to roughly $2000 a month. So handing your balls back to Big Blue for 3/5/8 years will net you roughly $1000 per month over just getting VA disability. This doesn't even account for the piles of money you'll be making at your major of choosing if you separate. Bottom line at bottom: taking the bonus will be the worst financial decision you'll ever make. You'd be financially better off buying a boat, airplane, and a 2nd wife. If you love your job and want to continue to serve, I respect you. But don't, for one second, think it's a good financial move to take the bonus. 4
BroncoEN Posted April 11, 2022 Posted April 11, 2022 On 12/28/2021 at 12:30 AM, Chida said: NDAA just signed had this nugget: Reservist pilots to receive flight pay at the same monthly rate as an active duty guy, regardless of duty days, but first the services need to present their concerns to Congress, so who knows when it will actually be implemented. https://www.ngaus.org/about-ngaus/newsroom/incentive-pay-parity-included-final-ndaa Anyone know if this is actually happening?
Majestik Møøse Posted April 11, 2022 Posted April 11, 2022 20 hours ago, BADFNZ said: Bottom line at bottom: taking the bonus will be the worst financial decision you'll ever make. You'd be financially better off buying a boat, airplane, and a 2nd wife. If you love your job and want to continue to serve, I respect you. But don't, for one second, think it's a good financial move to take the bonus. It’s not a bad chunk of change for those of us who love our jobs and the people we serve with. Doubly so if you’re a U-2 guy without a Guard option! (unless you’re cool with flying something lame) 3 1
nsplayr Posted April 12, 2022 Posted April 12, 2022 On 4/10/2022 at 9:31 PM, BADFNZ said: Bottom line at bottom: taking the bonus will be the worst financial decision you'll ever make. You'd be financially better off buying a boat, airplane, and a 2nd wife. If you love your job and want to continue to serve, I respect you. But don't, for one second, think it's a good financial move to take the bonus. * If you are an active duty current & qualified manned aircraft pilot with the mins & medical to get hired at a major airline and who is unhappy or neutral with their service in uniform Guard guys, CSOs & RPA where $$$ civ flying is much rarer, and those who just love serving and who are in it to win it until TAFMS retirement, the bonus is a great financial decision…more money to do what you were gonna do anyways! It should be higher but they didn’t put me in charge and I agree that fence sitters should probably just update airline apps if applicable and/or go Guard. Even the current bonus is a better financial decision by far than a FFF (🛥 🛩 💃) indulgence purchase, although those can be a lot of fun too outside the spreadsheet. 1
Standby Posted April 18, 2022 Posted April 18, 2022 I’m already balls deep into my bonus, but some former squadron members reached out to me recently. One in particular is shooting for a mil retirement, but doesn’t want to sign the big bonus in order to preserve the “FU” option. That got me thinking: for those who want a 20 year mil retirement, is it better to sign a 7-9 yr option…or is it better to sign the minimum and hope to pick up a second bonus after contract expiration?
ViperStud Posted April 18, 2022 Posted April 18, 2022 It’s better to go guard, get into an AGR position (fairly easy as a Maj), sign a bonus for the same amount and remain a free agent - if you curtail your orders you only owe money back if you didn’t serve it out. All the benefit, none of the ADSC. AD bonus is for those who were staying anyway…and complete suckers. 1
HeyWatchThis Posted April 19, 2022 Posted April 19, 2022 On the reserve side did anyone notice they changed the requirement from 10 YAS to 11 YAS? Did that happen on the AD side as well? Did the UPT commitment go from 10 to 11 years?
Danger41 Posted April 19, 2022 Posted April 19, 2022 On 4/17/2022 at 7:44 PM, Standby said: I’m already balls deep into my bonus, but some former squadron members reached out to me recently. One in particular is shooting for a mil retirement, but doesn’t want to sign the big bonus in order to preserve the “FU” option. That got me thinking: for those who want a 20 year mil retirement, is it better to sign a 7-9 yr option…or is it better to sign the minimum and hope to pick up a second bonus after contract expiration? I think if you take a 5 year, you get an extra $100k and $200k extra for the 7-9 but don’t quote me. No extra for the 3 year.
CaptainMorgan Posted April 19, 2022 Posted April 19, 2022 I think if you take a 5 year, you get an extra $100k and $200k extra for the 7-9 but don’t quote me. No extra for the 3 year.It’s not extra, it’s just paid up front with reduced payments each following year. Sent from my iPhone using Tapatalk
jazzdude Posted April 19, 2022 Posted April 19, 2022 It’s not extra, it’s just paid up front with reduced payments each following year. Sent from my iPhone using TapatalkAssuming finance and/or DFAS don't mess it up...I took the 100k upfront (AD 11M) and none of my 3 bonus payments so far have been right.
pawnman Posted April 19, 2022 Posted April 19, 2022 32 minutes ago, jazzdude said: Assuming finance and/or DFAS don't mess it up... I took the 100k upfront (AD 11M) and none of my 3 bonus payments so far have been right. Huh. I took the 9-year 12X bonus in 2018 and everything has paid out like clockwork. $112,500 up front and $12500 every year since (more like $10k after taxes, but I'm not complaining).
Newb Posted August 1, 2022 Posted August 1, 2022 (edited) I guess we aren't in a shortage after all? I wonder what the FY22 take rates are if the original formula was still being applied. https://starsdemog.a1vdc.us.af.mil/Avb/avb.html Edited August 1, 2022 by Newb
di1630 Posted August 2, 2022 Posted August 2, 2022 Would be horrid but for those of you who didn’t know, they don’t count a non-taker as:-Anyone who separated in ‘22-Anyone who set a separation dateSo basically it no longer accounts for a bunch of people who might have otherwise stayed meaning these stats are complete sh-t. 1
BrightNeptune Posted August 2, 2022 Posted August 2, 2022 (edited) 10 hours ago, di1630 said: Would be horrid but for those of you who didn’t know, they don’t count a non-taker as: -Anyone who separated in ‘22 -Anyone who set a separation date So basically it no longer accounts for a bunch of people who might have otherwise stayed meaning these stats are complete sh-t. "It's about who gets to count the vote and whether your vote counts at all." - Joe Biden "It's not the people who vote that count, it's the people who count the votes." - Some other guy Edited August 2, 2022 by BrightNeptune
StoleIt Posted August 2, 2022 Posted August 2, 2022 12 hours ago, di1630 said: Would be horrid but for those of you who didn’t know, they don’t count a non-taker as: -Anyone who separated in ‘22 -Anyone who set a separation date So basically it no longer accounts for a bunch of people who might have otherwise stayed meaning these stats are complete sh-t. I mean, why wouldn't we change the way we count? We did just redefine "recession" too. "Lies, damn lies, statistics." 1
FourFans Posted August 3, 2022 Posted August 3, 2022 Welcome to my latest installment of DON'T TAKE THE BONUS
FLEA Posted August 5, 2022 Posted August 5, 2022 NDAA Draft SEC. 617. AIR FORCE RATED OFFICER RETENTION DEMONSTRATION PROGRAM. (a) Program Requirement.--The Secretary shall establish and carry out within the Department of the Air Force a demonstration program to assess and improve retention on active duty in the Air Force of rated officers described in subsection (b). (b) Rated Officers Described.--Rated officers described in this subsection are rated officers serving on active duty in the Air Force, excluding rated officers with a reserve appointment in the Air National Guard or Air Force Reserve-- (1) whose continued service on active duty would be in the best interest of the Department of the Air Force, as determined by the Secretary; and (2) who have not more than three years and not less than one year remaining on an active duty service obligation under section 653 of title 10, United States Code. (c) Written Agreement.-- (1) In general.--Under the demonstration program required under subsection (a), the Secretary shall offer retention incentives under subsection (d) to a rated officer described in subsection (b) who executes a written agreement to remain on active duty in a regular component of the Air Force for not less than four years after the completion of the active duty service obligation of the officer under section 653 of title 10, United States Code. (2) Exception.--If the Secretary of the Air Force determines that an assignment previously guaranteed under subsection (d)(1) to a rated officer described in subsection (b) cannot be fulfilled, the agreement of the officer under paragraph (1) to remain on active duty shall expire not later than one year after that determination. (d) Retention Incentives.-- (1) Guarantee of future assignment location.--Under the demonstration program required under subsection (a), the Secretary may offer to a rated officer described in subsection (b) a guarantee of future assignment locations based on the preference of the officer. (2) Aviation bonus.--Under the demonstration program required under subsection (a), notwithstanding section 334(c) of title 37, United States Code, the Secretary may pay to a rated officer described in subsection (b) an aviation bonus not to exceed an average annual amount of $50,000 (subject to paragraph (3)(B)). (3) Combination of incentives.--The Secretary may offer to a rated officer described in subsection (b) a combination of incentives under paragraphs (1) and (2). (4) Variations; limitations.--The Secretary may vary or limit the total number of available contracts and the combination of incentives within such contracts to target certain Air Force specialty codes, ensure required assignments locations are filled, and readiness is not negatively affected. The Secretary shall determine the criteria for such variations or limitations and include such criteria in the annual briefing under subsection (e). (e) Annual Briefing.--Not later than December 31, 2023, and annually thereafter until the termination of the demonstration program required under subsection (a), the Secretary shall provide to the Committees on Armed Services of the Senate and the House of Representatives a briefing describing the use of such demonstration program and its effects on the retention on active duty in the Air Force of rated officers described in subsection (b). (f) Definitions.--In this section: (1) Rated officer.--The term ``rated officer'' means an officer specified in section 9253 of title 10, United States Code. (2) Secretary.--The term ``Secretary'' means the Secretary of the Air Force. (g) Termination.--This section shall terminate on December 31, 2028.
Swizzle Posted August 5, 2022 Posted August 5, 2022 (edited) 39 minutes ago, FLEA said: NDAA Draft SEC. 617. AIR FORCE RATED OFFICER RETENTION DEMONSTRATION PROGRAM. (a) ...a demonstration program to assess and improve retention (1) whose continued service on active duty (not less than 4 yrs) (2) Exception.--If the Secretary of the Air Force determines (BoP) // cannot be fulfilled, the agreement of the officer under shall expire not later than one year after that determination. (d) Retention Incentives.-- (1) Guarantee of future assignment location (2) Aviation bonus.--may pay, not to exceed an avg annual $50,000 (3) Combination of incentives FTFY... So 4+ yr contract in exchange for <$50k/yr and/or Base of Pref...with a contract rider that of +1yr even IF THEY CANNOT DELIVER BoP...which AF for enlisted assignments said was less than 50% chance of fill. Now, I know that's enlisted assignments, but it's still AFPC we're talking about. And, the functionals will hate having their hands-tied on PCS flexibility, but they might get manpower in exchange. ...and the biggest kicker...does the money stack!?!?!? Seems NO (didn't read section 334(c) of title 37, United States Code) Edited August 5, 2022 by Swizzle
Ryder1587 Posted August 9, 2022 Posted August 9, 2022 2 minutes ago, Guardian said: So what’s it all mean? It means none of it will come to fruition and you’ll continued to be under paid and under appreciated. Make the jump. Grass is much greener.
Seriously Posted August 13, 2022 Posted August 13, 2022 also in the H.R 7900: (c) SPECIAL AVIATION INCENTIVE PAY AND BONUS 10 AUTHORITIES FOR OFFICERS.—Section 334(c)(1) of title 37, United States Code, is amended— (1) in subparagraph (A), by striking ‘‘$1,000’’ and inserting ‘‘$1,500’’; and (2) in subparagraph (B), by striking ‘‘$35,000’’ and inserting ‘‘$75,000’’. 2
DuckHunter Posted August 14, 2022 Posted August 14, 2022 4 hours ago, Seriously said: also in the H.R 7900: (c) SPECIAL AVIATION INCENTIVE PAY AND BONUS 10 AUTHORITIES FOR OFFICERS.—Section 334(c)(1) of title 37, United States Code, is amended— (1) in subparagraph (A), by striking ‘‘$1,000’’ and inserting ‘‘$1,500’’; and (2) in subparagraph (B), by striking ‘‘$35,000’’ and inserting ‘‘$75,000’’. Very interesting.
Standby Posted August 14, 2022 Posted August 14, 2022 (edited) 12 hours ago, Seriously said: also in the H.R 7900: (c) SPECIAL AVIATION INCENTIVE PAY AND BONUS 10 AUTHORITIES FOR OFFICERS.—Section 334(c)(1) of title 37, United States Code, is amended— (1) in subparagraph (A), by striking ‘‘$1,000’’ and inserting ‘‘$1,500’’; and (2) in subparagraph (B), by striking ‘‘$35,000’’ and inserting ‘‘$75,000’’. Odds that they are going to grandfather us faithful servants into the new $ amount…0.00. Edit: instead of just sport bitching, I emailed my congressman. I’d encourage other suckers like myself to lobby for a heavier wallet. Edited August 14, 2022 by Standby
HeloDude Posted August 14, 2022 Posted August 14, 2022 (edited) 13 hours ago, Standby said: Odds that they are going to grandfather us faithful servants into the new $ amount…0.00. Edit: instead of just sport bitching, I emailed my congressman. I’d encourage other suckers like myself to lobby for a heavier wallet. Well, they didn’t do this in the past ($25K to $35K), so yeah, I doubt they would do it this time. Your greatest voice is hitting the separate/retirement button…everything else is as effective as “hope and change”. Edited August 15, 2022 by HeloDude
pawnman Posted August 14, 2022 Posted August 14, 2022 I'm not interested in signing any more ADSCs, no matter how much money they offer...but am I reading that first line correctly thar the top end monthly flight pay is increasing to $1500?
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