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Cto officer opportunities
- 1. Officer Opportunities in the Navy Reserve Career Transition Office (CTO) http://www.npc.navy.mil/CareerInfo/Transition(CTO)
- 2. Leaving Active Duty? Consider the Navy Reserve! A minimal time commitment to the Navy Reserve earns you: • A secure retirement pension • Medical retirement benefits • Extra monthly income • Camaraderie, SGLI, paid travel, and more…. Contact the CTO and discover the opportunities waiting for you!
- 3. • Reserve retirement benefits (after 20 qualifying years of service) • Affiliation bonuses and critical wartime specialty pays (NAVADMIN 129/09) • 2-year mobilization deferment/try the reserve initiative (NAVADMIN 007/07) • Receive 1 day of pay per every 4 hours of drill. Receive 4 days of pay for a typical drill weekend along with flexible drill opportunities. • Full low-cost medical coverage for you and your family. Tricare Reserve Select while drilling. At age 60, you are eligible for Tricare Prime. • Family Dental Plan • SGLI coverage for entire family • Network for jobs and business opportunities • TSP eligible • Montgomery GI Bill ($309 a month full time) • Camaraderie, pride, and patriotism • Recall/Active Duty for Special Work (ADSW)/Full Time Support (FTS) opportunities • Educational benefits (Navy College, DANTES, CLEP, Apprenticeship Program) • Space “A” availability for air travel • Full base facilities and MWR privileges (golf, gym, theater) • Unlimited Navy Exchange & Commissary visits (just like active duty) Benefits of Navy Reserve
- 4. 1. Answer true or false: YOU INITIALLY ENTERED THE MILITARY BEFORE 8 SEPT 1980? 2. What is your age? Be honest, it’s very important! 3. How many qualifying years do you have RIGHT NOW? (Each complete year of active duty is a qualifying year) 4. Enter ALL your CURRENT points. (Use 360 points for each year of active duty) 5. Most drilling Reservists earn 75 points/year, what will your YEARLY AVERAGE of points be? 6. How many qualifying years will you have when you retire from the Reserve? (Normally, before age 60) Based on the inputs in questions 3 thru 6, the TOTAL POINTS used to COMPUTE your retired pay are: 7. What PAYGRADE do you expect to be when you RETIRE from the Reserve? If you will be 54 OR YOUNGER when you retire (without pay, before age 60), use 26 years in question 8. 8. Most people have 26 YEARS (FOR PAY PURPOSES ONLY) at AGE 60, how many will you have? 9. Using pay raises of 3.50% (Annual average) your PROJECTED RETIRED PAY AT AGE 60 WILL BE: Use A & B to compute the TOTAL VALUE of your retired pay. C is a simple savings comparison. A. How many years do you think you will receive retired pay? Pay starts at age 60 (Example 60+40=100 yrs old) B. Using an annual 2.70% cost of living allowance (COLA) raise, the total value of your retired pay will be: C. Using an annual 4.00% compounded interest rate for 20 years, you would annually have to save: Visit the CTO site to calculate your retirement! Retirement Pay Reserve Retirement Pay Calculator Print Report Yellow blocks require user input. Some are drop down lists, and others require you to type in your response. FALSE 28 6 2080 75 20 3130 05 26 $4,090 20 $1,279,406 $42,965
- 5. TRICARE Reserve Select (New in Fiscal 2009) • One Tier System • Monthly Premium $47.51 • Annual deductible E4 & below: $50 • Annual deductible E5 & above: $150 • Prescription Drug Plan MEMBER ONLY • One Tier System • Monthly Premium $180.17 • Annual deductible E4 & below: $100 • Annual deductible E5 & above: $300 • Prescription Drug Plan FAMILY
- 6. TRICARE Retirement (Family Medical Plan Comparison) • Annual Premium $460 • No Deductible • $12 Co-pay (office visit) • $3 Co-pay Generic Drug Prescriptions • $9 Co-pay Non- Formulary Brand Name Prescriptions • Free TRICARE for Life Supplements Medicare TRICARE • Annual Premium $14,994 • No Deductible • $20 Co-pay (office visit) • $10 Co-pay Generic Drug Prescriptions • 50% of Retail Cost for Non-Formulary Brand Name Prescriptions • Up to $138 Per Month to Supplement Medicare BLUE CROSS/SHIELD
- 7. Non-Formulary: Lowest Online Price Blue Cross/Shield TRICARE Prime & Reserve Select Prescription Cost (Examples Comparison) Lipitor $86 $43 $9 Ambien $149 $75 $9
- 8. Career Opportunities: Civilian & Military • Affiliation with the Navy Reserve can lead to additional civilian career opportunities: – Network with Naval Officers who already have successful civilian careers – “Built-in” wardroom of advocates/references who want you to succeed. • Establish your civilian career by taking advantage of a mobilization deferment for up to 2 years (NAVADMIN 007/07) • Join a unit with a planned, periodic rotation cycle (i.e., coastal warfare, Seabee, etc.) • Volunteer for a mobilization when if fits your schedule ~90% volunteer rate for RC mobilizations
- 9. Civilian Pay vs. Reserve Pay (What you get for your time) A drilling LT (over 4 yrs on pay scale): 36 days per year = $8,400 annually ($35/hour), plus a retirement at age 60! Justification: 36 days/yr from the below: 24 drill days (48 drills/1 weekend per month) + 12 days annual training=36 days/year to secure retirement pay and medical benefits for you and your spouse. Assumption: LT comes off AD with 5 yrs: 36 days x 15 years = 540 days which equates to 2.25 years of total work to earn your retirement and peace of mind for your family.
- 11. How Do I Earn Retirement Points? • 1 day on active duty = 1 point. • 1 drill period = 1 point (4 in a weekend). • Each correspondence course has its own worth. Excellent way to earn points! • 15 free points a year for just being a Reservist. Talk with a CTO Transition Assistant to determine your individual points and individualize your retirement calculator.
- 12. Retirement Requirement MUST EARN 20 QUALIFYING YEARS COMBINED ACTIVE AND RESERVE: • Need 50 minimum points to have a qualifying year based on your anniversary date. (Must earn 35 points annually + 15 gratuitous points). • Can obtain a maximum total of 130 inactive duty points per FY via drills and correspondence courses … equal to four months on AD!
- 13. How easy is it to find a unit and work with my schedule? • There are Navy Operational Support Centers (NOSCs) and Reserve units throughout the US. • If the NOSC is over 50 miles from your home, the Navy pays for billeting during your drill weekend. • Flex drills/rescheduled drills are also available. This allows Reservists to perform duties on a schedule that meets the needs of the Navy and the Reservist.
- 14. 2009 Navy Reserve Drill Sites
- 15. What kind of work is there? • Officers will be given leadership assignments much like active duty and train with the supported command, alongside their AC counterparts: • Division Officer Tour • Department Head Tour • Command Tour (CO/XO) • Officers may work in their specialized designator using their specific warfare training, or they may fill a non-warfare specific job that allows a new experience and focus more on staff work, research, ground job experience …..
- 16. Current Mobilization Deferment Policy All veterans who affiliate with the Navy Reserve within 6 months (183 days) of release from active duty qualify for a 2-year deferment from Involuntary Mobilization. Sailors who join the Reserves 7 to 12 months after leaving active duty are eligible for a 1- year deferment. (NAVADMIN 007/07)
- 17. Work with the Career Transition Office • A CTO Transition Assistant will ensure a smooth transition to SELRES. • A wealth of knowledge: – Local procedures – PSD liaison – Customize a retirement calculator based on your experience – Medical facilities liaison – Verify that you are on scroll to ensure there is no break in service for a Reserve Commission – Find the billet that is right for you through JO Apply.
- 18. Information and Links • To learn about the Navy Reserve – http://www.navyreserve.com/ • To learn about the benefits of the Navy Reserve – http://www.navyreserve.com/benefits/officer • To create a personal pay calculator – http://www.npc.navy.mil/CareerInfo/Transition(CTO)
Hinweis der Redaktion
- At age 60, depending on length of service in AC, age and rank, the retirement is substantial. The above individual would make over $4K per month and annual increases to equal over 1 million dollars with just 6 years of active time! In order to save that type of money for the golden years, the individual would have to save over $43K per year for the next 20 years! This also does not include TSP!!!!!
- Monthly premium is low for family and member! Great for students, business owners and those that work in small companies. At a minimum this allows for options and much cheaper then COBRA if considering changing jobs!
- Retirement Plan. Most 20 somethings aren’t thinking about retirement health benefits but a difference of 14K annually (over 20 yrs is 280K) could be some great vacations and golf games for the retiree + your retirement pay. Americans are living longer and this will continue to add up as the average life span continues to lengthen.
- Most seniors cannot afford prescriptions due to the high cost. This may seem trivial at this stage in the officer’s life, but have them talk to their parents/grandparents so that they can understand the true value.
- NAVADMIN 007/07: All Veteran Personnel who affiliate with the Navy Reserve within 6 months (183 days) of release from active duty qualify for a 2 year deferment from Involuntary Mobilization; affiliate with the Navy Reserve between 7 and 12 months (184-365 days) of release from active duty and qualify for a 1 year deferment from Involuntary Mobilization (NAVADMIN 007/07) Sailors can volunteer to perform a mobilization during their deferment period; however, it is strictly voluntary.
- For 2.25 years of actual additional work, the officer is looking at almost 2 million dollars. Est. 1.3 million dollars (if you draw on your pay for 20 years and are an O-5) + Est 280K of savings in medical premiums over a 20 yr period = 1.5 million retirement + intangible benefits!
- You can download your NEOPS report right at your laptop by logging on to: www.bol.navy.mil This allows reservists to view and print their participation record in a secure environment, 24 hours a day, 7 days a week. This service is available to all selected reservists (unless on recall to active duty), IRR members, members on the temporary disabled retired list, retired reservists without pay and NRA's (reserve activities, air facilities, redcoms and PSD's). Log on to the site and further directions are provided.
- You earn 15 points, gratuitous, if in the IRR or a SELRES. A good year consists of 50 points. So, you only need to earn 35 additional points in any given year. Each day you spent on active duty you earned 1 retirement point. As a SELRES you earn 1 point for each drill (1 drill equals 4 hours). One month (or weekend) of drill will net you 4 retirement points. Each day of your Annual Training (AT) you earn 1 point (same as on active duty). If you take an ADSW you earn 1 point for each day (incidentally, if you take an ADSW you will receive an new DD214). There are a total of 48 drills in a year (4 drill periods per month). As a SELRES, in a paid billet, you must do 40 of 48 possible drills and a 12 day AT. So, you will earn a minimum of 67 points as a SELRES (15 gratuitous plus 40 plus 12). If you do all 48 drill periods you will earn 75 points for the year. Congress has placed a maximum ceiling of 90 points for SELRES members. To stay active in the Reserve you must get at least 27 points. This will not give you a good year toward retirement but you will avoid going S-2 status.
- Its more manageable then you think, and drilling sites are throughout the country not just in Norfolk and San Diego.
- If you are leaving the area of your current duty station, you need to work with the local recruiter as well as the recruiter in the area you are relocating to. The local recruiter will ensure all your paperwork is in order (DD214, reserve oath, physical, etc) and that you keep your records. He/she has rapport with the local PSD’s and ships that will allow for a smoother transition. Active duty medical facilities are not familiar with SELRES affiliation requirements. Physical requirements for separation are different than affiliation requirements. For instance, for separation your physical is good for 5 years, for reserve affiliation your physical is good for only 2 years and you must have a DD2807-1 (self assessment) or SF600, no older than 90 days from your date of affiliation as a SELRES.