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News > Deadline for VSP applications draws near
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Officers under consideration by the reduction in force board have until July 31 to apply for voluntary separation pay at one and a half times the authorized separation pay.
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Deadline for VSP applications draws near

Posted 7/22/2010   Updated 7/23/2010 Email story   Print story


by Daniel P. Elkins
Air Force Personnel Center Public Affairs Office

7/22/2010 - RANDOLPH AIR FORCE BASE, Texas  -- The extended application period for eligible officers to apply for voluntary separation pay at one and a half times the authorized separation pay comes to a close July 31.

Officers eligible to apply for VSP include those in the year groups 1998, 1999, 2002, 2003 and 2004 in the grades of major and below with more than six and less than 14 years of commissioned service in select core Air Force specialties that have not been closed to reduction in force board consideration. Those specialties include 13S, 15W, 21A, 17D, 38F, 61B, 61C, 65F and 52R - except for Catholic chaplains.

Officials announced June 14 the extension of the application period to July 31 for eligible officers to apply for VSP at the reduced multiplier of one and a half times the authorized separation pay effective July 1.

Since the announcement of VSP eligibility in March as part of the Force Management Program designed to bring the service closer to its authorized end strength, more than 350 RIF-eligible officers have been approved for voluntary separation.

Personnel officials said officers approved for VSP can expect to receive payment, calculated by their servicing finance office, approximately 25 days following their date of separation from the Air Force. AFPC separations officials will inform the Defense Finance and Accounting Service of the separation and eligibility to process the payment, subject to applicable federal and state income tax rates.

Applications are being considered in the order they are received by AFPC via the Virtual Military Personnel Flight.

For more information on VSP eligibility and application procedures, visit the AFPC personnel services website or call the Total Force Service Center at (800) 525-0102.

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