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Officer Opportunities in the Navy Reserve

Officer Opportunities in the Navy Reserve

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Officer Opportunities in the Navy Reserve

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

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

  3. Benefits Reserve Retirement benefits (after 20 qualifying years of service) Affiliation Bonuses and Critical Wartime specialty pays (NAVADMIN 294/07) 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. 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 SGLI $400,000 ($29 a month) 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 MWR privileges (golf, gym, & theater) Unlimited Navy Exchange & Commissary visits

  4. Retirement Pay (05) Yellow blocks require user input. Some are drop down lists, and others require you to type in your response. Reserve Retirement Pay Calculator (Version 3) • Answer true or false: YOU INITIALLY ENTERED THE MILITARY BEFORE 8 SEPT 1980? • What is your age? Be honest, it’s very important! • How many qualifying years do you have RIGHT NOW? (Each complete year of active duty is a qualifying year) • Enter ALL your CURRENT points. (Use 360 points for each year of active duty) • Most drilling Reservists earn 75 points/year, what will your YEARLY AVERAGE of points be? • 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: • 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. • Most people have 26 YEARS (FOR PAY PURPOSES ONLY) at AGE 60, how many will you have? • 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. • How many years do you think you will receive retired pay? Pay starts at age 60 (Example 60+40=100 yrs old) • Using an annual 2.70% cost of living allowance raise (COLA), the total value of your retired pay will be: • Using an annual 4.00% compounded interest rate for 20 years, You would annually have to save: FALSE 28 6 2080 75 20 3130 05 26 $4,090 20 $1,279,406 $42,965 Print Report StayNavy's Retirement Calculator

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

  6. TRICARE Retirement(Family Medical Plan Comparison) TRICARE BLUE CROSS/SHIELD • 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 • 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

  7. Prescription Cost(Examples Comparison) Non-Formulary: Lowest Online Price Blue Cross/Shield TRICARE Prime & Reserve Select 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 (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! 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. 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.

  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 >26 0-7 1 Drill 4 Drills 0-6 1 Drill 4 Drills 0-5 1Drill 4 Drills 0-4 1Drill 4 Drills 0-3 1 Drill 4 Drills 0-2 1 Drill 4 Drills 0-1 1 Drill 4 Drills 0-3E 1 Drill 4 Drills 0-2E 1 Drill 4 Drills 0-1E 1 Drill 4 Drills 7,269.60 242.32 969.28 5,388.30 179.61 718.44 4,491.60 149.72 598.88 3,875.70 129.19 516.76 3,407.40 113.58 454.32 2,943.90 98.13 392.52 2,555.70 85.19 340.76 7,607.40 253.58 1,014.32 5,919.30 197.31 789.24 5,059.80 168.66 674.64 4,486.50 149.55 598.20 3,862.80 128.76 515.043,353.10 111.77 447.08 2,659.80 88.66 354.64 7,763.70 258.79 1,035.16 6,307.80 210.26 841.04 5,410.50 180.35 721.40 4,785.60 159.52 638.08 4,169.40 138.98 555.92 3,861.90 128.73 514.92 3,215.10 107.17 428.68 7,887.90 262.93 1,051.72 6,307.80 210.26 841.04 5,476.20 182.54 730.16 4,852.50 161.75 647.00 4,545.60 151.52 606.08 3,992.40 133.08 532.32 3,215.10 107.17 428.68 4,545.60 151.52 606.08 3,992.40 133.08 532.32 3,215.10 107.17 428.68 8,112.60 270.42 1,081.68 6,331.80 211.06 844.24 5,694.60 189.92 759.28 5,130.30 171.01 684.04 4,763.10 158.77 635.08 4,074.30 135.81 543.24 3,215.10 107.17 428.68 4,763.10 158.77 635.08 4,074.30 135.81 543.24 3,433.80 114.46 457.84 8,334.90 277.83 1,111.32 6,603.30 220.11 880.44 5,825.70 194.19 776.76 5,428.20 180.94 723.76 5,002.20 166.74 666.96 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,002.20 166.74 666.96 4,204.20 140.14 560.56 3,560.40 118.68 474.72 8,591.70 286.39 1,145.56 6,639.00 221.30 885.20 6,113.10 203.77 815.08 5,799.00 193.30 773.20 5,157.00 171.90 687.60 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,157.00 171.90 687.60 4,423.20 147.44 589.76 3,690.30 123.01 492.04 8,847.90 294.93 1,179.72 6,639.00 221.30 885.20 6,324.00 210.80 843.20 6,088.20 202.94 811.76 5,411.40 180.38 721.52 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,411.40 180.38 721.52 4,592.40 153.08 612.32 3,817.80 127.26 509.04 9,105.00 303.50 1,214.00 7,016.40 233.88 935.52 6,596.40 219.88 879.52 6,288.90 209.63 838.52 5,543.40 184.78 739.12 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,625.60 187.52 750.08 4,718.40 157.28 629.12 3,992.40 133.08 532.32 9,912.30 330.41 1,321.64 7,683.60 256.12 1,024.48 7,013.70 233.79 935.16 6,404.10 213.47 853.88 5,543.40 184.78 739.12 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,748.60 191.62 766.48 4,718.40 157.28 629.12 3,992.40 133.08 532.32 10,594.20 353.14 1,412.56 8,075.10 269.17 1,076.68 7,212.00 240.40 961.60 6,471.00 215.70 862.80 5,543.40 184.78 739.12 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,916.00 197.20 788.80 4,718.40 157.28 629.12 3,992.40 133.08 532.32 10,594.20 353.14 1,412.56 8,466.30 282.21 1,128.84 7,408.50 246.95 987.80 6,471.00 215.70 862.80 5,543.40 184.78 739.12 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,916.00 197.20 788.80 4,718.40 157.28 629.12 3,992.40 133.08 532.32 10,594.20 353.14 1,412.56 8,688.90 289.63 1,158.52 7,631.10 254.37 1,017.48 6,471.00 215.70 862.80 5,543.40 184.78 739.12 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,916.00 197.20 788.80 4,718.40 157.28 629.12 3,992.40 133.08 532.32 10,594.20 353.14 1,412.56 8,914.50 297.15 1,188.60 7,631.10 254.37 1,017.48 6,471.00 215.70 862.80 5,543.40 184.78 739.12 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,916.00 197.20 788.80 4,718.40 157.28 629.12 3,992.40 133.08 532.32 10,594.20 353.14 1,412.56 9,351.90 311.73 1,246.92 7,631.10 254.37 1,017.48 6,471.00 215.70 862.80 5,543.40 184.78 739.12 4,074.30 135.81 543.24 3,215.10 107.17 428.68 5,916.00 197.20 788.80 4,718.40 157.28 629.12 3,992.40 133.08 532.32

  11. How Do I Earn Retirement Points? 1 day on active duty = 1 point. 1 drill period = 1 point. (Four in a weekend) Each correspondence course has its own worth. Excellent way to earn points. 15 points a year for just being a Reservist 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). 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) • 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.

  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: • 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 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. 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.

  17. 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/ • To create a personal pay calculator • https://staynavytools.bol.navy.mil/RetCalc/Default.aspx • To find a recruiter in your area • http://www.cnrc.navy.mil/

  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 FactsURL LT & LCDRwho were/are mobilized by Fiscal Year • FY06 • 77 SWO’s • 27 Pilots • 22 NFO’s • FY05 • 31 SWO’s • 25 Pilots • 2 NFO’s • FY08 Q1 • 6 SWO’s • 2 Pilots • 0 NFO’s • FY07 • 41 SWO’s • 24 Pilots • 7 NFO’s LT & LCDR in the RC as SELRES (as of FY08 Q2) 770 - SWO’s (1115) 833 - Pilots (1315) 247 - NFO’s (1325) ~90% volunteer for a mobilization

  21. Can a URL perform a Mobilization? • Limited Opportunities for Traditional Fleet Officers • For every quarterly URL requirement the RC fills, there are numerous URL’s competing for that mobilization*: • 1115 ~ 85 LT’s for each one 59 LCDR’s for each slot • 1315 ~ 122 LT’s for each one 184 LCDR’s for each slot • 1325 ~ 123 LT’s for each one 86 LCDR’s for each slot • Best Option to get Mobilized Volunteer • About 90% of RC mobilizations are volunteers! • Individual Augmentation (IA) or • 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