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Career Development Training Course




     Fleet Reserve and Retirement

                                    1
Retirement = Financial Independence!
                                  2
Fleet Reserve and Retirement
Enabling Objectives

Upon successful completion of this
 topic, the trainee will be able to:
 IDENTIFY personnel eligible for the Navy
  Fleet Reserve and retirement.
 STATE the purpose of the Fleet Reserve.
 IDENTIFY the duties credited towards Active
  Service in the Armed Forces.
 IDENTIFY the required documentation for
  transferring to the Fleet Reserve.


                                             3
Fleet Reserve and Retirement
Enabling Objectives (cont.)
 IDENTIFY the non-disability Fleet Reserve
    retirement procedures and privileges.
   LIST the factors affecting retirement pay.
   IDENTIFY the effects on retainer pay if
    recalled.
   IDENTIFY how the Date Initial Entry Military
    Service (DIEMS) affects retirement.
   LIST the three military retirement systems in
    effect.


                                             4
Fleet Reserve and Retirement
Enabling Objectives (cont.)
 IDENTIFY the steps to compute retainer pay
    for all three retirement systems.
   IDENTIFY the factors to consider when
    deciding on a retirement system.
   LIST the eligibility requirements for the U.S.
    Naval Reserve (USNR).
   IDENTIFY the steps to calculate USNR
    retirement pay.
   IDENTIFY the CCC’s responsibilities for
    command retirement ceremonies.


                                               5
Fleet Reserve and Retirement
References
 NAVPERS 15560(series), Navy Military
    Personnel Manual (MILPERSMAN)
   NAVADMIN 344/02, Revised Career Status
    Bonus and REDUX Retired Pay System
   Navy Personnel website: http://
    www.npc.navy.mil
   Retirement Calculator:
    http://www.npc.navy.mil under Career
    Info/Pay and Benefits
   Career Status Bonus website: http://
    www.npc.navy.mil/AboutUs/NPC/ITIM/Data
     Management/CareerStatusBonus/

                                         6
Fleet Reserve and Retirement
Fleet Reserve and Retirement Overview

 MILPERSMAN 1830-040
 Consists of military personnel who
  have completed 20 to 30 years of
  Active Service in the Armed Forces
  (ASAF).
 CCCs initially screen Sailors to
  determine eligibility.
 CCCs help Sailors verify their
  statement of service.

                                   7
Fleet Reserve and Retirement
Fleet Reserve Purpose

 Provides an available reserve of
  former members of the Regular
  Navy and the Naval Reserve who
  may be used without further
  training to fill those billets requiring
  experienced personnel in the initial
  stages of mobilization during an
  emergency or in war (Art. 1830-040).


                                       8
Fleet Reserve and Retirement
Fleet Reserve Eligibility Requirements

 Complete 20 years of credible
  service (ASAF).
 Complete current assignment or
  DOD tour.
 E-7/8/9 must serve 2 years in
  present pay grade.
 Those in HYT zone can compete for
  advancement. (Verify HYT with
  current MPM and NAVADMINs)
                                   9
Fleet Reserve and Retirement
Fleet Reserve Creditable Service

 MILPERSMAN 1830-040/7220-130
 Service creditable for ASAF:
   Active Duty (day for day)
   Active Duty for Training (ACDUTRA):
      After 9 August 56
   Army and Air Guard (federalized only)




                                      10
Fleet Reserve and Retirement
Fleet Reserve Documentation

 Requests for Transfer to Fleet
  Reserve:
   Submit a special request chit up to 6
    to 18 months (E-6 and below) or up to
    24 months (E-7 to E-9) in advance via
    OPINS/NSIPS (PERS-823).
   Authorization for transfer arrives via
    naval message.



                                       11
Fleet Reserve and Retirement
Fleet Reserve Documentation (cont.)

 NAVCOMPT 2274:
   Pre-retirement pay information
 DD Form 2656 SBP:
   Sample form in BUPERSINST 1750.11
 Continued Obligation:
   MILPERSMAN 1830-070 & 1800-040




                                     12
Fleet Reserve and Retirement
 Non-Disability Fleet Reserve
 Retirement
 Retirement from Fleet Reserve is automatic.
 Retired List: >30 Years (MILPERSMAN
 1800-040):
   Permanent change of status and may only be
    changed by resignation or discharge approved
    by the SECNAV, or following a court-martial
    sentence.
   Application submitted by OPINS/NSIPS to
    president via PERS 823.
   Constructive service counts (but not minority
    enlistment).
                                            13
Fleet Reserve and Retirement
Non-Disability Fleet Reserve
Privileges
  ID card
  Commissary/Exchange
  Legal
  Chaplain
  Medical
  Travel



                               14
Fleet Reserve and Retirement
Retirement Pay Factors
 Factors That Affect Pay:
   Date of initial entry
   Pay scale in effect
   Pay Entry Base Date (PEBD)
   Amount of ASAF:
      Active service is rounded down to the
       lowest month and converted to a decimal.
       Example: 23 years, 5 months, 23 days =
       23 years, 5 months = 23.4166 years.
   Retainer pay shall not exceed 75%
    base pay
                                               15
Fleet Reserve and Retirement
Retirement Pay Factors (cont.)
 Heroism:
   Increase retainer 10%, or if at 75%, 10%
    tax free.
 Medal of Honor:
   Add $1,027.00 to calculated retainer pay.
 Effects on Pay if Recalled:
   1 Day – 23 mos., 29 days: Add ASAF (old
    pay scale).
   > 24 mos. continuous: Recomputed (new
    pay scale).

                                          16
Fleet Reserve and Retirement
Date Initial Entry Military Service (DIEMS)

 Obscure, but critical, date:
   Determines your retirement plan.
 Date first enlisted/commissioned
  into any component of the armed
  forces:
   Has no bearing on longevity for pay or
    years of service.
   Should never change; not adjusted for
    broken time or time lost.

                                        17
Fleet Reserve and Retirement
Military Retirement Plans

 Original/“Final Pay” Plan
 “High 3” Plan
 “REDUX/CSB” Plan (REDUX plus
  Career Status Bonus)




                               18
Three Ways of Computing
              Retainer/Retired Pay
                    8 Sep 80                  1 Aug 86




                                      HIGH 3              Now called REDUX/CSB
   Now called FINAL PAY     * DIEMS on or after       * DIEMS on or after 1AUG 86
* DIEMS prior to 8 Sep 80     8 Sep 80                * COLA - 1%
* Full COLA                 * Full COLA               * (2 1/2% x ASAF) - (1 YAS <
* 2 1/2% x ASAF x BP = RP   * 2 1/2% x BP (36 mos.    30) x BP (36 mos. avg.) = RP
(DTC)                       avg.) x ASAF = RP (DTC)   (DTC)

                                                                           19
Fleet Reserve and Retirement
Retirement Plan Choice

 http://www.npc.navy.mil
 Detailed information - NAVADMIN
  344/02:
   One-time catch-up at age 62
   Bonus options
   Sample case studies
   Personalized calculator




                                  20
Fleet Reserve and Retirement
Retirement Plan Choice (cont.)
 Review a few considerations:
   A one-time, irrevocable decision.
   If CSB/REDUX is chosen, bonus will be
    taxed.
   Biggest difference in REDUX is not the
    40% at 20 - it is the “Minus 1% COLA”
    feature.
   CSB affects SBP premium.
   CSB/REDUX looks better the longer
    you remain on active duty.

                                      21
Fleet Reserve and Retirement
Retirement Plan Choice (cont.)

 Consumer Price Index (CPI):
   Determined by cost of living increases
    (federal government).
   Do not confuse retired COLA with
    overseas COLA.
   Huge benefit to those receiving
    retainer pay.
   Those with a DIEMS after 1 August 86
    electing CSB receive CPI - 1%.

                                      22
Fleet Reserve and Retirement

Military Retirement Comparisons
 Years of Service “Final/High 3” % “REDUX” %
        20           50                40
        21           52.5              43.5
        22           55                47
        23           57.5              50.5
        24           60                54
        25           62.5              57.5
        26           65                61
        27           67.5              64.5
        28           70                68
        29           72.5              71.5
        30           75                75

                                               23
Fleet Reserve and Retirement
USNR Retirement Eligibility
 Achieves 20 years of qualifying
  service and reaches age of 60.
 Maintains a minimum of 50 points per
  year to qualify:
   1 point for each drill or one point for each
    annual training day.
   Various points credited for completion of
    approved correspondence courses.
   Gratuitous points up to 15 points per
    year.


                                            24
Fleet Reserve and Retirement
USNR Retirement Pay Computation

Total points X 0.025 X BP = Retired
     360                      Pay




                                25
Fleet Reserve and Retirement
Statement of Service

 Complete accounting of all military
  service credited towards ASAF for
  Retirement /Fleet Reserve.




                                   26
Fleet Reserve and Retirement
Retirement Ceremonies
 MILPERSMAN 1800-010
 Ceremony:
   Is a Sailor’s choice.
   Is sponsored by Sailor’s last permanent duty
    station.
   Is assigned a ceremony coordinator.
   Is official and traditional.
 CCC responsibilities:
   Make sure all documents are prepared.
   Make sure command issues flag.
   Verify ceremony script is appropriate.
   Make yourself available to coordinator.

                                                   27
Fleet Reserve and Retirement
Selected Websites
   www.npc.navy.mil
   www.ssa.gov
   www.va.gov
   Retirement Calculators:
     www.asec.org (“ballpark estimate”)
     www.smartmoney.com
     www.financialengines.com
 Retirement Education:
   www.vanguard.com
   www.morningstar.com
   www.aoa.dhhs.gov/retirement/fpfr.html
    w


                                            28
Fleet Reserve and Retirement
Summary and Review

 When are you eligible to transfer to
  the Fleet Reserve?
 What is the effective date for
  transfer to the Fleet Reserve?
 How early can you request transfer
  to the Fleet Reserve?




                                   29
Fleet Reserve and Retirement
Summary and Review (cont.)

 What is the formula for Non-
  Disability Retirement?
 What is the maximum retirement %
  you can receive?
 Who is eligible for REDUX/CSB?




                                 30

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Topic 1.19 Fleet Reserve & Retirement

  • 1. Career Development Training Course Fleet Reserve and Retirement 1
  • 2. Retirement = Financial Independence! 2
  • 3. Fleet Reserve and Retirement Enabling Objectives Upon successful completion of this topic, the trainee will be able to:  IDENTIFY personnel eligible for the Navy Fleet Reserve and retirement.  STATE the purpose of the Fleet Reserve.  IDENTIFY the duties credited towards Active Service in the Armed Forces.  IDENTIFY the required documentation for transferring to the Fleet Reserve. 3
  • 4. Fleet Reserve and Retirement Enabling Objectives (cont.)  IDENTIFY the non-disability Fleet Reserve retirement procedures and privileges.  LIST the factors affecting retirement pay.  IDENTIFY the effects on retainer pay if recalled.  IDENTIFY how the Date Initial Entry Military Service (DIEMS) affects retirement.  LIST the three military retirement systems in effect. 4
  • 5. Fleet Reserve and Retirement Enabling Objectives (cont.)  IDENTIFY the steps to compute retainer pay for all three retirement systems.  IDENTIFY the factors to consider when deciding on a retirement system.  LIST the eligibility requirements for the U.S. Naval Reserve (USNR).  IDENTIFY the steps to calculate USNR retirement pay.  IDENTIFY the CCC’s responsibilities for command retirement ceremonies. 5
  • 6. Fleet Reserve and Retirement References  NAVPERS 15560(series), Navy Military Personnel Manual (MILPERSMAN)  NAVADMIN 344/02, Revised Career Status Bonus and REDUX Retired Pay System  Navy Personnel website: http:// www.npc.navy.mil  Retirement Calculator: http://www.npc.navy.mil under Career Info/Pay and Benefits  Career Status Bonus website: http:// www.npc.navy.mil/AboutUs/NPC/ITIM/Data Management/CareerStatusBonus/ 6
  • 7. Fleet Reserve and Retirement Fleet Reserve and Retirement Overview  MILPERSMAN 1830-040  Consists of military personnel who have completed 20 to 30 years of Active Service in the Armed Forces (ASAF).  CCCs initially screen Sailors to determine eligibility.  CCCs help Sailors verify their statement of service. 7
  • 8. Fleet Reserve and Retirement Fleet Reserve Purpose  Provides an available reserve of former members of the Regular Navy and the Naval Reserve who may be used without further training to fill those billets requiring experienced personnel in the initial stages of mobilization during an emergency or in war (Art. 1830-040). 8
  • 9. Fleet Reserve and Retirement Fleet Reserve Eligibility Requirements  Complete 20 years of credible service (ASAF).  Complete current assignment or DOD tour.  E-7/8/9 must serve 2 years in present pay grade.  Those in HYT zone can compete for advancement. (Verify HYT with current MPM and NAVADMINs) 9
  • 10. Fleet Reserve and Retirement Fleet Reserve Creditable Service  MILPERSMAN 1830-040/7220-130  Service creditable for ASAF:  Active Duty (day for day)  Active Duty for Training (ACDUTRA):  After 9 August 56  Army and Air Guard (federalized only) 10
  • 11. Fleet Reserve and Retirement Fleet Reserve Documentation  Requests for Transfer to Fleet Reserve:  Submit a special request chit up to 6 to 18 months (E-6 and below) or up to 24 months (E-7 to E-9) in advance via OPINS/NSIPS (PERS-823).  Authorization for transfer arrives via naval message. 11
  • 12. Fleet Reserve and Retirement Fleet Reserve Documentation (cont.)  NAVCOMPT 2274:  Pre-retirement pay information  DD Form 2656 SBP:  Sample form in BUPERSINST 1750.11  Continued Obligation:  MILPERSMAN 1830-070 & 1800-040 12
  • 13. Fleet Reserve and Retirement Non-Disability Fleet Reserve Retirement  Retirement from Fleet Reserve is automatic.  Retired List: >30 Years (MILPERSMAN 1800-040):  Permanent change of status and may only be changed by resignation or discharge approved by the SECNAV, or following a court-martial sentence.  Application submitted by OPINS/NSIPS to president via PERS 823.  Constructive service counts (but not minority enlistment). 13
  • 14. Fleet Reserve and Retirement Non-Disability Fleet Reserve Privileges  ID card  Commissary/Exchange  Legal  Chaplain  Medical  Travel 14
  • 15. Fleet Reserve and Retirement Retirement Pay Factors  Factors That Affect Pay:  Date of initial entry  Pay scale in effect  Pay Entry Base Date (PEBD)  Amount of ASAF:  Active service is rounded down to the lowest month and converted to a decimal. Example: 23 years, 5 months, 23 days = 23 years, 5 months = 23.4166 years.  Retainer pay shall not exceed 75% base pay 15
  • 16. Fleet Reserve and Retirement Retirement Pay Factors (cont.)  Heroism:  Increase retainer 10%, or if at 75%, 10% tax free.  Medal of Honor:  Add $1,027.00 to calculated retainer pay.  Effects on Pay if Recalled:  1 Day – 23 mos., 29 days: Add ASAF (old pay scale).  > 24 mos. continuous: Recomputed (new pay scale). 16
  • 17. Fleet Reserve and Retirement Date Initial Entry Military Service (DIEMS)  Obscure, but critical, date:  Determines your retirement plan.  Date first enlisted/commissioned into any component of the armed forces:  Has no bearing on longevity for pay or years of service.  Should never change; not adjusted for broken time or time lost. 17
  • 18. Fleet Reserve and Retirement Military Retirement Plans  Original/“Final Pay” Plan  “High 3” Plan  “REDUX/CSB” Plan (REDUX plus Career Status Bonus) 18
  • 19. Three Ways of Computing Retainer/Retired Pay 8 Sep 80 1 Aug 86 HIGH 3 Now called REDUX/CSB Now called FINAL PAY * DIEMS on or after * DIEMS on or after 1AUG 86 * DIEMS prior to 8 Sep 80 8 Sep 80 * COLA - 1% * Full COLA * Full COLA * (2 1/2% x ASAF) - (1 YAS < * 2 1/2% x ASAF x BP = RP * 2 1/2% x BP (36 mos. 30) x BP (36 mos. avg.) = RP (DTC) avg.) x ASAF = RP (DTC) (DTC) 19
  • 20. Fleet Reserve and Retirement Retirement Plan Choice  http://www.npc.navy.mil  Detailed information - NAVADMIN 344/02:  One-time catch-up at age 62  Bonus options  Sample case studies  Personalized calculator 20
  • 21. Fleet Reserve and Retirement Retirement Plan Choice (cont.)  Review a few considerations:  A one-time, irrevocable decision.  If CSB/REDUX is chosen, bonus will be taxed.  Biggest difference in REDUX is not the 40% at 20 - it is the “Minus 1% COLA” feature.  CSB affects SBP premium.  CSB/REDUX looks better the longer you remain on active duty. 21
  • 22. Fleet Reserve and Retirement Retirement Plan Choice (cont.)  Consumer Price Index (CPI):  Determined by cost of living increases (federal government).  Do not confuse retired COLA with overseas COLA.  Huge benefit to those receiving retainer pay.  Those with a DIEMS after 1 August 86 electing CSB receive CPI - 1%. 22
  • 23. Fleet Reserve and Retirement Military Retirement Comparisons Years of Service “Final/High 3” % “REDUX” % 20 50 40 21 52.5 43.5 22 55 47 23 57.5 50.5 24 60 54 25 62.5 57.5 26 65 61 27 67.5 64.5 28 70 68 29 72.5 71.5 30 75 75 23
  • 24. Fleet Reserve and Retirement USNR Retirement Eligibility  Achieves 20 years of qualifying service and reaches age of 60.  Maintains a minimum of 50 points per year to qualify:  1 point for each drill or one point for each annual training day.  Various points credited for completion of approved correspondence courses.  Gratuitous points up to 15 points per year. 24
  • 25. Fleet Reserve and Retirement USNR Retirement Pay Computation Total points X 0.025 X BP = Retired 360 Pay 25
  • 26. Fleet Reserve and Retirement Statement of Service  Complete accounting of all military service credited towards ASAF for Retirement /Fleet Reserve. 26
  • 27. Fleet Reserve and Retirement Retirement Ceremonies  MILPERSMAN 1800-010  Ceremony:  Is a Sailor’s choice.  Is sponsored by Sailor’s last permanent duty station.  Is assigned a ceremony coordinator.  Is official and traditional.  CCC responsibilities:  Make sure all documents are prepared.  Make sure command issues flag.  Verify ceremony script is appropriate.  Make yourself available to coordinator. 27
  • 28. Fleet Reserve and Retirement Selected Websites  www.npc.navy.mil  www.ssa.gov  www.va.gov  Retirement Calculators:  www.asec.org (“ballpark estimate”)  www.smartmoney.com  www.financialengines.com  Retirement Education:  www.vanguard.com  www.morningstar.com  www.aoa.dhhs.gov/retirement/fpfr.html w 28
  • 29. Fleet Reserve and Retirement Summary and Review  When are you eligible to transfer to the Fleet Reserve?  What is the effective date for transfer to the Fleet Reserve?  How early can you request transfer to the Fleet Reserve? 29
  • 30. Fleet Reserve and Retirement Summary and Review (cont.)  What is the formula for Non- Disability Retirement?  What is the maximum retirement % you can receive?  Who is eligible for REDUX/CSB? 30