Didn’t recently the earlier retires catch up to the other ones due to the COLA? But it was like a record adjustment
Ya its all a big personal decision and a roll of the dice. This is the way i look at it as a versus scenario. Again, my personal opinions and preferences based on the hand and rules we were dealt. A little scatter brained but here we go.....
Regular ATC retirement-
-Lower top 3 ( because you're not working additional years)
- Retire at 50 or 25 years, golden handcuffs achieved
-24%+ increase to your pension ( thats 12+ years at an average of 2% a year at normalish inflation) Doesn't quite make up the difference if you would of worked till 57 and get the atc vision 100. But...
-recieve SRS for 12+ years, low average of $16,800 a year. ($1,400 a month ). Should be a little higher number from 57 to 62 for vision 100, but not wildly. Thats $117,600 for absolutely zero work in 7 years in comparison to staying for vision 100.
-get any job or part time job you want. Seemed like anything around $25k to $35k be equall to your vision 100 and special supplement will be.
-No earnings test till your 57. So depending on personal preferences on how much you want to work, say you land another 50k to 70k job or higher.... you are making comparable numbers to what youd be making in the agency if you stayed, or higher.
-Laws allow us to pull from TSP without penalty, if you want to ball out.
-FKN FREEEEDOM BOYS! No more management bullshit, no government bullshit, no more training, you decide what you want out of life. Make up for that lost time with family and start taking care of yourself ASAP. 7 years worth of time of not being a cripple and being able to wipe your own ass is something you cant put a price on.
ATC VISION 100-
-30 years of gov service staying till you're 57
-1.7% for all FAA/DOD years. (Not military though...stttuuuupid)
-higher pension number till the day you stop breathing. Only real benifit.
-Earnings test if you want to work again above 24k earnings (it moves up every few years by $500 it seems) Pretty much throwing your free SRS money out the window if you are a person that wanted to try a second career.
-having to find a possible government job for another 1 year from 56 to 57 ( if you change agencies due your research! I believe your quit date and starting date have to be in conjunction or it throws ATC vision 100 out the window! )
-7 more years of enslavement to this thing that we all love, but hate due to mgmt and the agency.
So...... all depends on what you want out of life and whats more valuable to you. Time or a little more money?