HOW TO DETERMINE A GOOD YEAR FOR RETIREMENT Summary... · 2020. 4. 29. · CCAF (AFI 36-2648): CCAF...
Transcript of HOW TO DETERMINE A GOOD YEAR FOR RETIREMENT Summary... · 2020. 4. 29. · CCAF (AFI 36-2648): CCAF...
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HOW TO DETERMINE A GOOD YEAR FOR RETIREMENTThe most important thing to know…What’s in it for you
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DO I HAVE A GOOD YEAR?
Step 1: Search VMPF in the AF Portal
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FINDING MY POINT SUMMARY ON VMPF
Step 2: Click on the vMPF link
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FINDING MY POINT SUMMARY ON VMPF
Step 3: Click on Self Service Action
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FINDING MY POINT SUMMARY ON VMPF
Step 4: Click on Personal Data
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FINDING MY POINT SUMMARY ON VMPF
Step 5: Click on (PCARS)
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FINDING MY POINT SUMMARY ON VMPF
Step 6: Click on Point Credit Summary
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EXAMPLE POINT CREDIT SUMMARY
Top View Bottom View
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PREVIOUS YEAR TOTAL POINTS
A = Point summary start/end date B = Last year’s total points
A
B
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CURRENT YEAR TOTAL POINTS
Current year’s total points: Add up total number of points in last column for current year + 15 membership points (example = 26 pts + 15 mbr pts = 41 total pts)
Start of current R/R year
Last points earned for current R/R year
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DO I HAVE A GOOD YEAR?
Good Year = 50 Points UTA = 2 pts per day (2 day UTA = 4 pts)
Orders (AT, ST, ADOS, etc = 1 pt per day)
Standard DSG Year (attend all UTA’s and 15 days AT) Member pts = 15
UTA pts = 12 x 4 = 48
AT @ 15 days = 15
Total pts = 78 (Good Year)
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DO I HAVE A GOOD YEAR?
Example Year = 9 Dec 19 to 8 Dec 20 41 Pts earned up to this point for current year
9 pts short of a good year (must complete by 8 Dec 20)
Action Plan: August drill = 4
September drill = 4
October drill = 4
November drill = 4
Total = 16 pts (this will bring me to a good year)
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NOW THAT YOU KNOW HOW TO EARN A GOOD YEAR, THIS IS HOW YOU FIGURE OUT WHAT ALL THOSE YEARS OF SATISFACTORY SERVICE WILL DO FOR YOU.
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WHAT WILL I EARN IN RETIREMENT?
In most careers (Military and Civilian), there are certain mandatory expectations in order to progress upward (Promotion). For ANG:
1. Hit your AFSC skill level milestones (be aggressive and get it done!)2. PME (AFH 36-2618): ALS to E-5, NCOA to E-7, SNCOA to E-83. CCAF (AFI 36-2648): CCAF or equivalent for E-8 and/or E-9
Most important: NEVER leave pay and points on the table. Ensure you earn at least 20 satisfactory years of service. Attend every drill/AT and put deployments on your flight path. Rank, years of satisfactory service, and points matter.
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CALCULATING RETIREMENT PAY
Step 1: Search myPers on the AF Portal
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CALCULATING RETIREMENT PAY
Step 2: Click on the myPers link
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ONCE LOGGED IN, CHOOSE THE AIR NATIONAL GUARD TAB AND CLICK ACCESS THE VPC
DASHBOARD
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ON THE NEXT PAGE, CLICK THE ACTION REQUESTS TAB AND THEN GUARD RETIRED
PAY CALCULATOR
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THE RETIREMENT CALCULATOR WILL POPULATE WITH YOUR CURRENT INFORMATION. CLICK
RESERVE RETIRED PAY CALCULATOR
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THE RETIREMENT PAY CALCULATOR ALLOWS YOU TO PLUG IN DIFFERENT RETIREMENT SCENARIOS. THIS EXAMPLE SHOWS AN E-9 WITH 20 YEARS SAT SERVICE. 1560 POINTS WERE EARNED BY ATTENDING ALL UTA’S AND 15 AT DAYS PER YEAR. ESTIMATED BASE RETIREMENT PAY IS $695.44
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IT IS IMPORTANT TO KNOW HOW MUCH MONEY YOU ARE GIVING UP IF YOU LEAVE THE ANG BEFORE YOU ARE ELIGIBLE FOR RETIREMENT?
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SO IN THE FINAL ANALYSIS, THIS PLACE IS A GRAVY TRAIN!!
Yes, there is work to do but that is life. As you can see, the more you progress the higher your monthly retirement check will be.
Keep in mind there are other benefits as well (medical, base gym access, etc.).
Everyone’s situation is unique but long range planning for retirement is crucial. Every dollar counts!
If you were a DSG who entered service at 18 and earned 32 good years retiring as an E-9 at age 50, in ten years you would start collecting $1,750.00 a month for life.
If you live to be 90 that equals $630,000.00. Hard to leave on the table.
If you are considering separating from the ANG please think about that.
P.S…and stay with the 181st your whole ANG career.