Additional voluntary retirements announced for officers
/ Published June 02, 2006
WASHINGTON (AFPN) -- The Air Force is offering additional voluntary retirements to a select group of officers, officials announced today.
As a result of the Fiscal 2006 National Defense Authorization Act, the Force Shaping Program Phase II additional measures offer voluntary retirements to officers with at least eight years Total Active Federal Commissioned Service and 20 years Total Active Federal Military Service.
The Air Force will waive active duty service commitments (except Aviation Continuation Pay, Judge Advocate Continuation Pay and Critical Skills Retention Bonus) and allow officers meeting these criteria to apply for voluntary retirement on Sept. 1, 2006, or earlier.
Lieutenant colonels and colonels who are retirement eligible are encouraged to apply for retirement between now and Sept. 1, 2007.
Some force shaping initiatives are still offered such as the "Blue to Green" option for officers and the waiver for lieutenant colonels and colonels to retire with two years time in grade through 2007. The Air Force is also authorizing a temporary program to allow officers to establish a voluntary retirement date up to 15 months in advance.
If not enough volunteers elect to retire under this force shaping initiative, a Selective Early Retirement Board could convene in 2007.