Comments for Retired Pay World

Comment on Intro to Reserve Component Retirement — Calculation and Valuation by RP

RP — Tue, 16 Mar 2010 09:09:52 +0000

@Mary: Thanks for writing in Ma’am. One of the marks of an expert (or some guy who wants to be seen as an expert ) is, he knows when he is outside his area of expertise. I am way outside my comfort zone with your question. I did spend a lot of time earlier today learning about calculation of MRC, different rules for different pay grasdes, etc., but damn little about waivers to the program or other avenues of ‘escape’ for someone who seems to be adversely affected by the program .. but nolck on this one. Contact the Reserve Forces specific office for your particular military department … I have a starting point listed for all services in the right-hand side bar of this site, and best of luck. Also, these folks seem to be the real POC for the MRD program in the ASrmy, perhaps they can help:

Commander, U.S. Army Human Resources Command
ATTN: AHRC-PAP-T
1 Reserve Way
St. Louis, MO 63132-5200

Comment on Intro to Reserve Component Retirement — Calculation and Valuation by RP

RP — Tue, 16 Mar 2010 08:45:55 +0000

@Darren Stennis: Darren, thanks for writing in. Wow, good question. The start of your answer is here:

2. Background. Per references (a) through (c), a member of the
RC who is on active duty (other than for training) and is within
2 years of becoming eligible for retired pay or retainer pay
under a purely military retirement system (other than the
retirement system under reference (a), chapter 1223), may not be
involuntarily released from that duty before they become
eligible for that pay, unless the release is approved by the
Secretary of the Navy. This period, attaining 18 years of
cumulative active duty, is commonly known as entering
“sanctuary.” Navy and Marine Corps policies have established RC
member eligibility…

More at: http://doni.daps.dla.mil/Directives/01000%20Military%20Personnel%20Support/01-800%20Millitary%20Retirement%20Services%20and%20Support/1800.2.pdf
Hope this will help a little. I never got into this aspect of Reserve service, so I have no expertise here at all. See the headquarters info unit address for your particular military branch in the sidebar of each page … many time it is best to go direct to the manager of particular programs than to any other local source … best of luck.

Comment on Intro to Reserve Component Retirement — Calculation and Valuation by RP

RP — Tue, 16 Mar 2010 04:55:56 +0000

@Paul: Congrats on the letter, Paul … it’s a valuable hunk of paper and evidence of a job well done. I guess the answer to your question is yes, “good years” no longer govern. In most cases, if you do things to maximize points you are going to get ‘good years’ as a consequence, but no, they essentially don’t mean anyhting. Points you acquire from now until age 60 always mean something, so things like taking an activation this year and earning 200 points and not doing anyhting the following year make perfect sense. Also, a point many don’t take note of … if you transfer to the Retired Rolls after you have received your “20 year letter”, then time and service and time in grade continue until age 60 …in other words, say an E-7 transfers to retired status after earning his/her 20 year letter. His or her pay would then be at the 20 to 22 year rate (over 20, les than 22 years service … but by the time she or he is age 60, their pay will be calculated on the over 24 rate (max pay for any E-7) .. one of the few “freebies” left in Reserve Forces retirement. Enjoy the rest of your career, and especially your retirement, mine has been great so far, just got to make it last another 40 or 50 years …not that I am greedy or anything

Comment on Intro to Reserve Component Retirement — Calculation and Valuation by Mary

Mary — Tue, 16 Mar 2010 03:48:03 +0000

I’m ar reservist w/ 21 yrs as a commissioned officer. Because I spent 7. 5yrs in IRR, I only have13 good years, and a MRD of 2/28/2017. At the end of my MRD I’ll be a couple of days short of meeting the requirements for the 20 yr retirement. What are my options?

Comment on Intro to Reserve Component Retirement — Calculation and Valuation by Darren Stennis

Darren Stennis — Tue, 16 Mar 2010 02:45:16 +0000

What is Sanctuary in reference to a reservist. How does one calculate sanctuary years. Any informatiuon that you can provide in this subject will be greatly appreciated.

Thanks

Comment on Intro to Reserve Component Retirement — Calculation and Valuation by Paul

Paul — Mon, 15 Mar 2010 16:18:13 +0000

I have received my 20 year letter. Am I correct in stating that, now that I have that document, I should no longer concern myself over “bad years” but instead try to gather as many points as I can before I submit my retirement papers? Of course, gathering those points will lead to “good years”, but it’s all about the points now, right?

Comment on Intro to Reserve Component Retirement — Calculation and Valuation by RP

RP — Sun, 14 Mar 2010 04:05:30 +0000

@Will: Hi Will, it is certainly possible to complete a retirement in the IRR, but in your current situation, as you already have found, it will be hard. You are correct that the years you didn’t earn enough points are lost as ‘good years’. You still have those points in your account and they would be used to compute your final pay … but the years are lost.

I don’t have much in the way of good advice to offer, I never served in the IRR. But I provided a ‘roosting place’ for many IRR folks over the years … guys and galls who pretty much designed their own schedule and got a selected reserve unit to let them participate on an irregular basis. How the Navy works this specifically, I can’t advise on. It’s a long haul do do 14 years and only you can calculate the long term benefit … at your present rate, you won’t have many points at the 20 year mark …

Comment on Catch 62 and Valuation and Division of Assets by RP

RP — Sun, 14 Mar 2010 03:57:07 +0000

@Daniel Santiago: Hi Daniel. I don’t know all the answers. But yes, regarding your payback, interest is charged (based on some formula off the national T-Bill rate, compounded and accruing annually. So if you are going to pay it is better to do so as soon as possible.

Those paid for years should count for total time in service to retire … once they are paid for they are part of your personal history, so far as I know.

I am not sure what effect NSPS changing back to GS will have on FERS retirement, but it appears that there will be no change to FERS itself, you will just be changed to a GS grade and step that equals or exceed your current pay.

Comment on Another Post About Kim — Success Deserves Repetition by RP

RP — Sun, 14 Mar 2010 03:49:21 +0000

@archiedelara: Hi, thanks for visiting and for commenting. I hope to get more active here on this site soon. In regards to your transcription question … no I have not, I write about work, I don’t want any while I am in the Philippines. 40 plus years on the job is more than enough for me … but I still think the field is wide open.

Comment on Another Post About Kim — Success Deserves Repetition by archiedelara

archiedelara — Sat, 13 Mar 2010 08:25:59 +0000

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Best regards,
archiedelara´s last blog ..Baterfy Masjid – Jeddah, Saudi Arabia