IWC Board MARCH-01-21

[Michael_J_Caboose]

Yeah, there are benefits to going officer over enlisted post military life and many people plan to use that and just get out. For me, I would have to go out to 23 or 24 years in order to retire as an officer (10 years mandatory). So I could go out to 28 or so to finish out my time as an O4 or get out prior to picking up O4. Even still, I'd only be 47.

 

[Bill427]

My CDRE just called me and said I’m selected for IP, 4JUL2021 class up date, and reporting early for ROM. Looks like IT1 and I are classmates- I already have a friend!

 

[NavyOCSHopeful]

Yeah, there are benefits to going officer over enlisted post military life and many people plan to use that and just get out. For me, I would have to go out to 23 or 24 years in order to retire as an officer (10 years mandatory). So I could go out to 28 or so to finish out my time as an O4 or get out prior to picking up O4. Even still, I'd only be 47.

My wife isn’t too thrilled about me going to the military, but at this point in my life, the benefits, both short term and long term, are too good to pass up. And if I can retire at 53/54 with 20 years in, I can still work another 10-15 years in private sector or in a DoD public sector role after retirement.

I also really prefer a career of military service over working for some company eking them out a few extra dollars in profit every year. Do something that actually matters.

 

[JDurkin]

I wish that would be apart of the application process besides being a question during most interviews. 10-12 years would bring me to about 24 which I’m not against considering the 60% retirement pay and a normal Officer retirement age of 42. I suppose time will tell for us all.

 

[Michael_J_Caboose]

I only found out because I had to read the sep manual for the IST

 

[NavyOCSHopeful]

I wish that would be apart of the application process besides being a question during most interviews. 10-12 years would bring me to about 24 which I’m not against considering the 60% retirement pay and a normal Officer retirement age of 42. I suppose time will tell for us all.

Y’all are lucky to be under the old retirement. I believe the new one will cap me at 40%. Either way, that 40% along with a retirement account will do me just fine.

 

[u73829]

and a normal Officer retirement age of 42.

That's normal?

 

[NavyOCSHopeful]

That's normal?

Say you get in at 22. 20 years is 42.

 

[Michael_J_Caboose]

Yeah. Most people graduate at 22 and you only need 20 years to retire (15 with tera)

 

[u73829]

Say you get in at 22. 20 years is 42.

Oh, you mean retiring after 20 years by choice, not by some unspoken rule. Just clarifying

 

[Michael_J_Caboose]

Correct

 

[NavyOCSHopeful]

Oh, you mean retiring after 20 years by choice, not by some unspoken rule. Just clarifying

For sure. If you can retire at 20 years with your pension, why not?

My uncle was USMA and retired with 21 years. He was actually on the Brigadier General list for promotion, but he would’ve had to have accepted a command in Germany. He didn’t want to leave the States again (3 tours Vietnam, ‘59-‘68), so he took retirement.

 

[u73829]

For sure. If you can retire at 20 years with your pension, why not?

My uncle was USMA and retired with 21 years. He was actually on the Brigadier General list for promotion, but he would’ve had to have accepted a command in Germany. He didn’t want to leave the States again (3 tours Vietnam, ‘59-‘68), so he took retirement.

I can think of a handful of reasons (like the "my work here is not yet done" adage), but I definitely understand the view of those like your uncle.

 

[Michael_J_Caboose]

Many people will continue on beyond 20 because they want to fill roles like admiral, Capt, etc. A friend of mine just retired at 32 years because he wanted to teach at NDU so he stuck it out past 30

 

[Michael_J_Caboose]

Similar to you @NavyOCSHopeful, my wife said if I get out of the military, there is no going back in, so this is literally my only shot.