Re: Retire Pay @55 UPDATE FYI

[SgtM...@aol.com]

So I guess those who served in the Viet Nam  War era, then went into the reserves, are not eligible.  There were lots of 4 year active service members who served in Viet Nam went in the reserves, but that war wasn't that important.

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[rlkpa...@aol.com]

Reserve retirements will still be unequitable even if all reservists begin collecting their pensions at age 55 instead of 60.  Reserve retirees should collect their pro-rata retirement on the date of their retirement, as do our active-duty counterparts. 

Whether a reservist worked on active-duty orders for all 20 years or simply did the minimum required weekends and 15-day tours, that reservist will only be given a pro-rata share of their base pay percentage based on the amount of days they participated.  Each day served is included in the pension calculation for active duty and reservists alike and effects the ultimate pension benefit.

Lets compare 3 different 20-year retiree scenarios (with estimated base pay amounts).

			"Man Day Hog"		"Minimum Service"
	Active Duty		Reservist 1		Reservist 2
A 40-year old retires from the U.S. military after serving 20 years in capacity above.
AD served per year	365		302		15
UTA served per year	0		48		48
Total creditable days/points per yr	365		350		63
Total Years Served	20		20		20
Days Served in career	7,300		7,000		1,260
Total Days in 20 years (365x20)	7,300		7,300		7,300
Retirement Allocation	1.0000		0.9589		0.1726
Base Pay % for 20-yr retiree	0.50		0.50		0.50
Estimated Monthly Pay for E-7	$     4,000		$     4,000		$     4,000
Monthly Retirement:	$     2,000		$     1,918		$       345
Collects at age	40		60		60
Retirement Not Collected to age 60	$          -		$ 460,274		$   82,849

So why does the age a reservist collects a retirement pension different from an active-duty person? 

There should be no delay for reservists to collect the retirement they earned immediately.  

[Downs, Glenn D WG10 USAF AMC 19 CES/CEOIU]

Yes you are right the Viet Nam War,Gulf War,I guess we are the forgotten
ones.M/sgt Downs

-----Original Message-----
From: Reserve-Re...@googlegroups.com
[mailto:Reserve-Re...@googlegroups.com] On Behalf Of
SgtM...@aol.com
Sent: Thursday, January 15, 2009 1:36 PM
To: Reserve-Re...@googlegroups.com
Subject: Retire Pay @55 Re: UPDATE FYI

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[G T]

You go that right - old news.....

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From: "SgtM...@aol.com" <SgtM...@aol.com>
To: Reserve-Re...@googlegroups.com
Sent: Thursday, January 15, 2009 12:36:10 PM

Subject: Retire Pay @55 Re: UPDATE FYI

[tpo...@aol.com]

This was a classic model that leading defense civilian compensation experts are aware of.  However your Reservist 2 model is a little skewed...most retired reservist E7s  have an active duty tour in the beginning of their career and perhaps a short tour here or there, especially the Air Force guys who seem to get used quite a lot these days!

So let us assume at minimum then, that your retirement points is `on average` doubled.....which would double the E7s check to $700 (more realistic), corresponding in a similar doubling of that NOT collected: eg. $165,000.

Multiply that by 6 E7s and you have a million in savings; 60 or 600 E7s and...well you get the picture.


I have a great copy of an Army Times chart from many years ago that showed the bottle neck of many reserve retirees,particlarly enlisted, coming into the pay pipline circa. 2010-2015:  it  explained how many comp-experts were saying that it was to be a real fiscal challenge.

Many in congress see the reserves/national guard as a great `Temp Out Soldier Service` but you will never catch them On-the-Record.  These same folks, and their offspring, have had no uniform service time in most cases. Their views are most unfortunate.

As a retired reservist and veteran of Operation Joint Endeavour, I would like to think that most of us Cold War vets really expect little change.  We answered the call in accordance with the Terms of our voluntary contracts and hoped that we were making a better world out of the ashes of the end of that era.

What really irks me to no end these days is the massive exploitation of  this force structure component and the reserve generals who endorse it. Modern war on a shoe string budget.

I have read and heard various Vermont media channels voicing how many returning damaged reservists struggle with their families in LONELY rehab efforts (unlike active duty communities) in conjunction with an underfunded VA that our congress continues to be in self-denial of. These guys deserve redefined Terms and I, for one, would sacrifice some of my retirement to see the vets of this post 9/11 Generation get JUSTICE in the form of a more equitable early retirement which is less affronting and less exploitive.

Well, my blood pressure rises with just writing this.


God Bless and Cheers to all,
Tom
(USAR retired)

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