My designator is Supply Corps. And I didn’t know officers didn’t have contracts? Are minimum service obligations similar to contracts? This is news to me my recruiter did not tell me this.It depends. What officer path(s) are you pursuing?
Also, officers don’t have contracts. We do have minimum service obligations, of varying lengths, usually linked to an investment of Navy dollars in education or training.
Yours is 4 years active + 4 years reserve, per PA 102: https://www.mynavyhr.navy.mil/Portals/55/Career/OCM/PA-102_SC_Officer_Jan-2020.pdf?ver=hiWX72Ir1-dvfM81KGJSqg==My designator is Supply Corps. And I didn’t know officers didn’t have contracts? Are minimum service obligations similar to contracts? This is news to me my recruiter did not tell me this.
Thank you so much for this.Yours is 4 years active + 4 years reserve, per PA 102: https://www.mynavyhr.navy.mil/Portals/55/Career/OCM/PA-102_SC_Officer_Jan-2020.pdf?ver=hiWX72Ir1-dvfM81KGJSqg==
The 4 years reserve can be IRR, meaning you don’t have to drill, do work, wear uniforms, or generally be in the Navy (it’s more nuanced than that but I’m simplifying it).
Thank you so much for this.
Thank you! ?Also, congratulations!
No there is no concern it was just something that I was thinking about. I wasn’t sure if I wanted to do Active Duty or Reserves but I think full time AD will be the right path for meYours is 4 years active + 4 years reserve, per PA 102: https://www.mynavyhr.navy.mil/Portals/55/Career/OCM/PA-102_SC_Officer_Jan-2020.pdf?ver=hiWX72Ir1-dvfM81KGJSqg==
The 4 years reserve can be IRR, meaning you don’t have to drill, do work, wear uniforms, or generally be in the Navy (it’s more nuanced than that but I’m simplifying it).
Edit: regarding service obligations vs contracts, as a commissioned officer you are appointed with special trust and confidence by the President of the United States. You shouldn’t take this obligation lightly, or with an eye toward fulfilling less than the minimum service obligation. This isn’t like a private sector job where you can leave at a whim. Yes, people do DOR from OCS or attrite from their initial training pipeline, but this shouldn’t be on your mind - you (and the Navy) want you to succeed. Is something on your mind/ a concern about completing 4 years?
If you make it to 20 years active duty, the retirement pension is more lucrative than a reserve one. Although both are better than almost anything in the private sector.No there is no concern it was just something that I was thinking about. I wasn’t sure if I wanted to do Active Duty or Reserves but I think full time AD will be the right path for me
Yes I have heard very good benefits for retirement. Would you recommend doing Active Duty over the Reserves then? I know at the end of the day it comes down to whether I want full time or part time, and i don’t have a civilian job at the moment, so nothing holding me back from going full AD..If you make it to 20 years active duty, the retirement pension is more lucrative than a reserve one. Although both are better than almost anything in the private sector.
Yes I have heard very good benefits for retirement. Would you recommend doing Active Duty over the Reserves then? I know at the end of the day it comes down to whether I want full time or part time, and i don’t have a civilian job at the moment, so nothing holding me back from going full AD..
You are correct. All the old legacy systems are gone. BRS is almost like a federal civilian retirement (but slightly better). The longevity flexibility is nicer but the math is harder. ?As for retirement, high-3/legacy pension is no longer an option for new accessions right? I'm not a BRS guy so I forget how it works in comparison, but I'd imagine AD retirement is still more money for a longer period of time than Reserves, as Hair Warrior pointed out.
If you make it to 20 years active duty, the retirement pension is more lucrative than a reserve one. Although both are better than almost anything in the private sector.
I’ve done the math and it’s not great. Even with 1:5 mobs of 9 mo each, you don’t end up with a big pension check. You need to do 6-12 mo of ADOS a handful of times on top of those mobs to really make a dent. I am personally shooting for $5k monthly in retirement. Who knows what $5k will be worth when I’m 60, but it’s at least something.A pure reservist pension probably doesn't add up to a whole lot, but the medical benefits is where it's at.