Author Topic: My Career  (Read 2333 times)

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Offline Mediman14

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My Career
« on: March 02, 2019, 18:24:32 »
Well, I am serving my last 5 months of the CAF after a 20 year career. The past year or so has been nothing but anxiety, emotions and full of uncertainty. The biggest struggle was getting the support from my previous Chain of Command. They made me felt I was useless, unable to look after my daughter, thinking It was not worth waking up in the mornings anymore. It is a long story with a winding road that I will share once all my to do list is completed.
« Last Edit: March 02, 2019, 19:20:25 by Mediman14 »

Offline Colin P

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Re: My Career
« Reply #1 on: March 02, 2019, 22:54:47 »
Just retired from the Public Service on Friday, it's an odd feeling knowing i won't be there on Monday. However I put in a full day of volunteering at my daughters Cadets. Make sure you have something to do afterwards that makes you feel good and valued.

Offline DetectiveMcNulty

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Re: My Career
« Reply #2 on: March 02, 2019, 23:15:43 »
I'm on my way out. I was a teenager when I joined and now my 30's are here, spouse, mortgage etc. I'm starting to wonder how my last day will feel. I'm assuming it will be mixed feelings. My immediate retirement plan is to become a stay at home husband. I can make a bigger impact at home than I ever could in the military.

I will miss some aspects of operations, and some of the people. I won't miss the BS though. Hang in there Mediman14, and congrats on your retirement, Colin.


Offline mariomike

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Re: My Career
« Reply #3 on: March 03, 2019, 08:27:11 »
I am serving my last 5 months of the CAF after a 20 year career.

I'm on my way out. I was a teenager when I joined and now my 30's are here,

Considering it takes 35 years in the Regular Force to max out a pension, I wonder how many stay in for the whole ride?
« Last Edit: March 03, 2019, 08:53:17 by mariomike »

Offline Chief Engineer

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Re: My Career
« Reply #4 on: March 03, 2019, 11:18:04 »
Considering it takes 35 years in the Regular Force to max out a pension, I wonder how many stay in for the whole ride?

Funny that you mention that. I recently CT'd to the regular force after a reserve career of 30 years, with about 26 years of full time service. The majority of the 26 years have been on a ship. I'm on a 4 yrs IE which means at 30 years pensionable time I'll be 53. The CM expects me to stay until i'm 60. I really don't know if I have another 10 years in me, we'll see and i'll take it one year at a time. I was just posted to another ship as well.
"When your draught exceeds your depth, you are most assuredly aground"

All opinions stated are not official policy of the CF and of a private individual

كافر

Offline SupersonicMax

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Re: My Career
« Reply #5 on: March 03, 2019, 12:12:18 »
If you can get an equivalent salary after you are pensionnable, there is no point in staying past the time you can withdraw immediate annuity.  Draw your pension, collect the paycheck you used to make while contributing to another pension plan.  You’ll make at least 150% of your CAF salary until you retire from your second job and if you did 20 years at the other joint (assuming 2% a year for pension), you’ll make 90% of your CAF salary at retirement (more than the 70% you’d make in the CAF).  Of course, if you become a GO, this goes out the window but those jobs also come at a great personnal price.

Offline Brihard

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Re: My Career
« Reply #6 on: March 03, 2019, 13:37:20 »
If you can get an equivalent salary after you are pensionnable, there is no point in staying past the time you can withdraw immediate annuity.  Draw your pension, collect the paycheck you used to make while contributing to another pension plan.  You’ll make at least 150% of your CAF salary until you retire from your second job and if you did 20 years at the other joint (assuming 2% a year for pension), you’ll make 90% of your CAF salary at retirement (more than the 70% you’d make in the CAF).  Of course, if you become a GO, this goes out the window but those jobs also come at a great personnal price.

Out of curiosity, what changes for the GOFOs?
Pacificsm is doctrine fostered by a delusional minority and by the media, which holds forth the proposition it is entirely possible to pick up a turd by the clean end.

Offline PPCLI Guy

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Re: My Career
« Reply #7 on: March 03, 2019, 14:05:33 »
Out of curiosity, what changes for the GOFOs?

The size of the baseline salary against which the best 5 years calculation is based?  Otherwise, I can't think of any changes.
"The higher the rank, the more necessary it is that boldness should be accompanied by a reflective mind....for with increase in rank it becomes always a matter less of self-sacrifice and more a matter of the preservation of others, and the good of the whole."

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Offline Dimsum

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Re: My Career
« Reply #8 on: March 03, 2019, 19:26:23 »
Considering it takes 35 years in the Regular Force to max out a pension, I wonder how many stay in for the whole ride?

It happens, but I wouldn't say it's common.  I've known of 2 people in the squadron I'm at in the past 2-3 years who retired at 35 years service.
Philip II of Macedon to Spartans (346 BC):  "You are advised to submit without further delay, for if I bring my army into your land, I will destroy your farms, slay your people, and raze your city."

Reply:  "If."

Offline DetectiveMcNulty

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Re: My Career
« Reply #9 on: March 03, 2019, 19:46:37 »
Let's be honest here. Look around your unit(s)...does everyone really deserve to make it to 35 YOS?


Offline Loachman

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Re: My Career
« Reply #10 on: March 03, 2019, 20:39:35 »
It happens, but I wouldn't say it's common.  I've known of 2 people in the squadron I'm at in the past 2-3 years who retired at 35 years service.

I joined as a Reservist (T Company 4 RCR) on my seventeenth birthday. I got punted when I hit my sixtieth.

Were I able to revert to seventeen again, I would do it all over.

I refuse to use the term "ret**ed". It sounds so... "voluntary", ... "pleasant", ... "peaceful", ... "boring", ...

Screw that.

But for those who like it, I truly hope that you enjoy it.

Offline RomeoJuliet

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Re: My Career
« Reply #11 on: March 03, 2019, 20:54:37 »
I joined as a Reservist (T Company 4 RCR) on my seventeenth birthday. I got punted when I hit my sixtieth.

Were I able to revert to seventeen again, I would do it all over.

I refuse to use the term "ret**ed". It sounds so... "voluntary", ... "pleasant", ... "peaceful", ... "boring", ...

Screw that.

But for those who like it, I truly hope that you enjoy it.
Whoa, that’s a long career. BZ!  I’m secretly hoping CRA for ARes changes to 65 before I hit 60.  If not may switch to CIC.


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Offline Loachman

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Re: My Career
« Reply #12 on: March 03, 2019, 21:07:40 »
It may sound long, but it seems to have just whizzed by.

Once upon a time, it felt like it would last forever, and then, all of a sudden, one finds oneself sitting at a desk across from a release clerk wondering where it all went.

Offline mariomike

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Re: My Career
« Reply #13 on: March 03, 2019, 21:44:21 »
It happens, but I wouldn't say it's common.  I've known of 2 people in the squadron I'm at in the past 2-3 years who retired at 35 years service.

My sister stayed in the RCAF. Her husband took early retirement for another job.

The guys I hired on with stayed on till we maxed-out ( 70% ). Then GTFO. I retired that very same day. :)

No way I was breaking my back for the extra 30%.

Generally, most on the city police and fire departments also stay on the job.

 






Offline DetectiveMcNulty

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Re: My Career
« Reply #14 on: March 03, 2019, 21:46:43 »
My sister stayed in the RCAF. Her husband took early retirement for another job.

The guys I hired on with stayed on till we maxed-out ( 70% ). Then GTFO. I retired that very same day. :)

No way I was breaking my back for the extra 30%.

Generally, most on the city police and fire departments also stay on the job.

Did you guys accrue pension at 2%, or 2.33% ?

Offline mariomike

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Re: My Career
« Reply #15 on: March 03, 2019, 21:58:25 »
Did you guys accrue pension at 2%, or 2.33% ?

It's 2.33% now. It was 2% when I was on the job.

OMERS Supplemental Pension Plan for Police, Firefighters and Paramedics
https://www.omers.com/Employers/Administering-the-Plan/Supplemental-Plan

« Last Edit: March 04, 2019, 08:11:00 by mariomike »

Offline stoker dave

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Re: My Career
« Reply #16 on: March 04, 2019, 10:25:15 »
... while contributing to another pension plan...

Just for reference, outside of government and quasi-government organizations, there are very, very few businesses that still offer a pension.  Since I left DND, I have worked at a bunch of places.  Not one of them had a pension plan.  All of them will make contributions to your RSP (some fraction of salary) and may have some type of ownership / stock purchase plan.  But if you want to work in industry forget about having a pension. 

Offline AK

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Re: My Career
« Reply #17 on: March 11, 2019, 12:43:39 »
When I joined, my plan was to serve 10-15 years.

Now it's 33 years  and some later, and I'm still serving.  I've been Regular, Reserve, and am Regular again and looking to jump back to the Reserves as an annuitant.

I always said I would stay in as long as I was having fun.  Yet oddly, career-wise the last few years have been disappointing and disillusioning and I'm still here.  (The wonderful people I work with keep me sane.)  I have come to the conclusion that I have too much of my identity tied up in my uniform. 

So hopefully I'll have one last interesting and fulfilling chapter in my career as I adapt to the idea of being a civilian. I never dreamed that I would find the concept of this transition so intimidating.

Offline Brihard

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Re: My Career
« Reply #18 on: March 11, 2019, 16:27:10 »
It's 2.33% now. It was 2% when I was on the job.

OMERS Supplemental Pension Plan for Police, Firefighters and Paramedics
https://www.omers.com/Employers/Administering-the-Plan/Supplemental-Plan

That's not applied across the board. OMERS Primary is still 2% per year; the Special Forces Pension Plan is an option that the employer can sign up for. Some do, some don't. I don't know if Toronto paramedics have signed up for it. I know Ottawa Police have not. I've not checked any others.
Pacificsm is doctrine fostered by a delusional minority and by the media, which holds forth the proposition it is entirely possible to pick up a turd by the clean end.

Offline Pusser

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Re: My Career
« Reply #19 on: March 12, 2019, 12:17:31 »
Considering it takes 35 years in the Regular Force to max out a pension, I wonder how many stay in for the whole ride?

Not that anyone's counting, but in  219 days, I hit the equivalent of 35 years.  One of the smartest things I did was to buy back my Reserve service (298 day's worth), which means I can retire with a  maximum pension about ten months earlier than I otherwise could have.  I'm looking forward to collecting my pension and never working full time again.

One of the services that SISIP offers is financial counseling and one of the things they can do is a comparative analysis of disposable income before and after retirement.  In my case, the difference will be about $200-$300 per month.  "Would you like fries with that?"  My point being is that I should have no trouble finding a part time job that will make up that difference.  In fact, my intent is to transfer to the Primary Reserve and one or two evenings per week, will more than make up for the difference between my current salary and my future pension benefits.  Add in a little Class B in the summer and I'll be ahead of the game (funding my workshop and travel habits).  Although I can't claim that the past 35 years have been absolute bliss, there have been some outstanding moments and only once did it become bad enough that I sought employment elsewhere.  Luckily I didn't do that. 
Sure, apes read Nietzsche.  They just don't understand it.

Offline Mediman14

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Re: My Career
« Reply #20 on: April 09, 2019, 16:20:03 »
I applaud the members who remain or did the full time!! I can't imagine the amount of crap they must of went through. However, I only been in for 20 years and the one thing I could say is how the military has changed, or maybe the generation of people has changed the military. 15 years ago, it was awesome to be a CAF member, now these days, the options are put up or get out!.
   In the Medical world, from my experience, people are not staying in anymore. Some have chosen to go back to school to better themselves, some OT'd, some chose to work odd jobs in the civie world. Most of these people have 12 years and less. Maybe this is not the place to say this but it's true. The common denominator is the lack of compassion, lack of good leadership within the branch, and the lack of comradery.

Offline DetectiveMcNulty

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Re: My Career
« Reply #21 on: April 09, 2019, 16:26:40 »
Yeah the CAF talks a big game with leadership. The organization has plenty of supervisors, managers, and executives. Leaders? Not so much.