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Officer Opportunities in the Navy Reserve Protect Your Investment –Stay Navy.

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Presentation on theme: "Officer Opportunities in the Navy Reserve Protect Your Investment –Stay Navy."— Presentation transcript:

1 Officer Opportunities in the Navy Reserve Protect Your Investment –Stay Navy

2 Look Before You Walk! Secure Retirement Pension Secure Retirement Pension Medical Retirement Benefits Medical Retirement Benefits Extra Monthly Income Now Extra Monthly Income Now Navy Camaraderie, SGLI, Paid Travel and more… Navy Camaraderie, SGLI, Paid Travel and more… Walking Completely Away From The Navy? A Minimal Time Commitment To The Navy Reserve Earns:

3 Benefits Reserve Retirement benefits (after 20 qualifying years of service) Reserve Retirement benefits (after 20 qualifying years of service) Affiliation Bonuses and Critical Wartime specialty pays (NAVADMIN 294/07) Affiliation Bonuses and Critical Wartime specialty pays (NAVADMIN 294/07) 2 Yr Mob Deferment/Try the Reserve Initiative (NAVADMIN 007/07) 2 Yr Mob 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. 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. New Tricare Reserve Select while drilling. At age 60, Tricare Prime (cost comparisons and prescription comparisons to follow in slides) Full low cost medical coverage for you and your family. New Tricare Reserve Select while drilling. At age 60, Tricare Prime (cost comparisons and prescription comparisons to follow in slides) Family Dental Plan Family Dental Plan SGLI $400,000 ($29 a month) SGLI $400,000 ($29 a month) Network for jobs and business opportunities Network for jobs and business opportunities TSP eligible TSP eligible Montgomery GI Bill ($309 a month full time) Montgomery GI Bill ($309 a month full time) Camaraderie, pride and patriotism Camaraderie, pride and patriotism Recall / Active Duty for Special Work (ADSW)/Full Time Support (FTS) opportunities Recall / Active Duty for Special Work (ADSW)/Full Time Support (FTS) opportunities Educational Benefits (Navy College, Dantes, CLEP, Apprenticeship Program) Educational Benefits (Navy College, Dantes, CLEP, Apprenticeship Program) Space A availability for air travel Space A availability for air travel Full MWR privileges (golf, gym, & theater) Full MWR privileges (golf, gym, & theater) Unlimited Navy Exchange & Commissary visits Unlimited Navy Exchange & Commissary visits

4 1.Answer true or false: YOU INITIALLY ENTERED THE MILITARY BEFORE 8 SEPT 1980? 2.What is your age? Be honest, its 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 raise (COLA), 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: StayNavy's Retirement Calculator Retirement Pay (05) Reserve Retirement Pay Calculator (Version 3) Print Report Yellow blocks require user input. Some are drop down lists, and others require you to type in your response. FALSE $4, $1,279,406 $42,965

5 TRICARE Reserve Select (New in Fiscal 2008) One Tier System One Tier System Monthly Premium $81 Monthly Premium $81 Annual deductible E4 & below: $50 Annual deductible E4 & below: $50 Annual deductible E5 & above: $150 Annual deductible E5 & above: $150 Prescription Drug Plan Prescription Drug Plan MEMBER ONLY One Tier System One Tier System Monthly Premium $253 Monthly Premium $253 Annual deductible E4 & below: $100 Annual deductible E4 & below: $100 Annual deductible E5 & above: $300 Annual deductible E5 & above: $300 Prescription Drug Plan Prescription Drug Plan FAMILY

6 TRICARE Retirement (Family Medical Plan Comparison) Annual Premium $460 Annual Premium $460 No Deductible No Deductible $12 Co-pay (office visit) $12 Co-pay (office visit) $3 Co-pay Generic Drug Prescriptions $3 Co-pay Generic Drug Prescriptions $9 Co-pay Non- Formulary Brand Name Prescriptions $9 Co-pay Non- Formulary Brand Name Prescriptions Free TRICARE for Life Supplements Medicare Free TRICARE for Life Supplements Medicare TRICARE Annual Premium $14,994 Annual Premium $14,994 No Deductible No Deductible $20 Co-pay (office visit) $20 Co-pay (office visit) $10 Co-pay Generic Drug Prescriptions $10 Co-pay Generic Drug Prescriptions 50% of Retail Cost for Non-Formulary Brand Name Prescriptions 50% of Retail Cost for Non-Formulary Brand Name Prescriptions Up to $138 Per Month to Supplement Medicare 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: Affiliation with the Navy Reserve can lead to additional civilian career opportunities: Network with Naval Officers who already have successful civilian careers Network with Naval Officers who already have successful civilian careers Built-in wardroom of advocates/references who want you to succeed. 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) 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.) Join a unit with a planned, periodic rotation cycle (i.e. coastal warfare, Seabee, etc.) Volunteer for a mobilization when if fits your schedule Volunteer for a mobilization when if fits your schedule ~90% volunteer rate for RC mobilizations (unit or IA) ~90% volunteer rate for RC mobilizations (unit or IA) See backup slide for mobilization rates

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 = $8400 annually ($35/hour), plus a retirement at age 60! A Drilling LT (over 4 yrs on pay scale) 36 days per year = $8400 annually ($35/hour), plus a retirement at age 60! Justification: 36 days /yr from the below: Justification: 36 days /yr from the below: 24 drill days (48 drills/1weekend per month) + 12 days annual training=36 days/year to secure retirement pay and medical benefits for you and your spouse. 24 drill days (48 drills/1weekend 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 of AD with 5 yrs. Assumption: LT comes off of 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. 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.

10 Drill Pay – Effective January 1, 2008 CUMULATIVE YEARS OF SERVICE PAY GRADE <2>2>3>4>6>8>10>12>14>16>18>20>22>24> Drill 4 Drills Drill 4 Drills 0-5 1Drill 4 Drills 0-4 1Drill 4 Drills Drill 4 Drills Drill 4 Drills Drill 4 Drills 0-3E 1 Drill 4 Drills 0-2E 1 Drill 4 Drills 0-1E 1 Drill 4 Drills 7, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

11 How Do I Earn Retirement Points? 1 day on active duty = 1 point. 1 day on active duty = 1 point. 1 drill period = 1 point. (Four in a weekend) 1 drill period = 1 point. (Four in a weekend) Each correspondence course has its own worth. Excellent way to earn points. Each correspondence course has its own worth. Excellent way to earn points. 15 points a year for just being a Reservist 15 points a year for just being a Reservist Talk with a recruiter to figure out your individual points and individualize your retirement calculator. Talk with a recruiter to figure out your individual points and individualize your retirement calculator.

12 Retirement Requirement MUST EARN 20 GOOD YEARS COMBINED ACTIVE AND RESERVE: Need 50 minimum points to have a good qualifying year based on your anniversary date. (Must earn 35 points annually + 15 gratuitous days). Need 50 minimum points to have a good qualifying year based on your anniversary date. (Must earn 35 points annually + 15 gratuitous days). Can obtain a total of 130 points via drills and correspondence courses … equal to four months on AD! Can obtain a total of 130 points 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 country. (see next slide) There are Navy Operational Support Centers (NOSCs) and Reserve units throughout the country. (see next slide) If it is over 50 miles from your home, the Navy pays for billeting during your drill weekend. If it is over 50 miles from your home, the Navy pays for billeting during your drill weekend. Flex Drill/Reschedules are also available. This allows the Reservist to perform duties on a schedule that meets the needs of the Navy and the Reservist. Flex Drill/Reschedules are also available. This allows the Reservist to perform duties on a schedule that meets the needs of the Navy and the Reservist.

14 2008 Navy Reserve Force 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: Officers will be given leadership assignments much like active duty and train with the supported command, alongside their AC counterparts: Division Officer Tour Division Officer Tour Department Head Tour Department Head Tour Command Tour (CO/XO) Command Tour (CO/XO) Officers may work in their specialized designator using their specific warfare training or they may be filling a non-warfare specific job that allows a new experience and focus more on staff work, research, ground job experience ….. Officers may work in their specialized designator using their specific warfare training or they may be filling a non-warfare specific job that allows a new experience and focus more on staff work, research, ground job experience …..

16 Work with the Local Recruiter Local recruiter will ensure a smooth transition to SELRES. Local recruiter will ensure a smooth transition to SELRES. A wealth of knowledge: A wealth of knowledge: local procedures local procedures PSD liaison PSD liaison Customize a retirement calculator based on your experience Customize a retirement calculator based on your experience medical facilities liaison medical facilities liaison Verify that you are on scroll to ensure there is no break in service for a Reserve Commission 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. Find the billet that is right for you through JO Apply.

17 Information and Links To learn about the Navy Reserve To learn about the Navy Reserve To learn about the benefits of the Navy Reserve To learn about the benefits of the Navy Reserve To create a personal pay calculator To create a personal pay calculator https://staynavytools.bol.navy.mil/RetCalc/Default.aspx https://staynavytools.bol.navy.mil/RetCalc/Default.aspx https://staynavytools.bol.navy.mil/RetCalc/Default.aspx To find a recruiter in your area To find a recruiter in your area

18 Back-up Slides

19 Current Mobilization Deferment Policy 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, Sailors who join the Reserves seven to 12 months after leaving active duty are eligible for a one-year deferment. (NAVADMIN 007/07)

20 Mobilization Facts URL LT & LCDR who were/are mobilized by Fiscal Year FY08 Q1 FY08 Q1 6 SWOs 6 SWOs 2 Pilots 2 Pilots 0 NFOs 0 NFOs FY07 FY07 41 SWOs 41 SWOs 24 Pilots 24 Pilots 7 NFOs 7 NFOs LT & LCDR in the RC as SELRES (as of FY08 Q2) SWOs (1115) Pilots (1315) NFOs (1325) ~90% volunteer for a mobilization FY06 FY06 77 SWOs 77 SWOs 27 Pilots 27 Pilots 22 NFOs 22 NFOs FY05 FY05 31 SWOs 31 SWOs 25 Pilots 25 Pilots 2 NFOs 2 NFOs

21 Can a URL perform a Mobilization? Limited Opportunities for Traditional Fleet Officers Limited Opportunities for Traditional Fleet Officers For every quarterly URL requirement the RC fills, there are numerous URLs competing for that mobilization * : For every quarterly URL requirement the RC fills, there are numerous URLs competing for that mobilization * : 1115 ~ 85 LTs for each one 59 LCDRs for each slot 1115 ~ 85 LTs for each one 59 LCDRs for each slot 1315 ~122 LTs for each one184 LCDRs for each slot 1315 ~122 LTs for each one184 LCDRs for each slot 1325 ~123 LTs for each one 86 LCDRs for each slot 1325 ~123 LTs for each one 86 LCDRs for each slot Best Option to get Mobilized Volunteer Best Option to get Mobilized Volunteer About 90% of RC mobilizations are volunteers! About 90% of RC mobilizations are volunteers! Individual Augmentation (IA) or Individual Augmentation (IA) or Join a unit with a planned, periodic mobilization schedule (i.e. coastal warfare, Seabees, etc.) Join a unit with a planned, periodic mobilization schedule (i.e. coastal warfare, Seabees, etc.) *CNA study: SELRES Manning in Limited-Supply/High-Demand Skills, Feb08


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