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Cost of buyouts

Mar. 24, 2014 - 09:05AM   |  
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The Air Force plans to spend nearly $1 billion on early retirement and separation payments to more than 20,000 airmen in fiscal 2015:

The Air Force plans to spend nearly $1 billion on early retirement and separation payments to more than 20,000 airmen in fiscal 2015:

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The Air Force plans to spend nearly $1 billion on early retirement and separation payments to more than 20,000 airmen in fiscal 2015:

OFFICER
2013 2014* 2015*
Pay # airmen Total paid Average paid # airmen Total paid Average paid # airmen Total paid Average paid
(in millions) (in millions) (in millions)
Early retirement 0 $0 $0 560 $81.6 $145,643 0 $0 $0
Voluntary separation 0 $0 $0 1,137 $108.8 $95,655 0 $0 $0
Involuntary separation 110 $8.2 $74,882 179 $13.6 $75,762 3,067 $231.6 $75,502
Total 110 $8.2 1,876 $204.0 3,067 $231.6
% increase 2013-2015 2,688% 2,724%
ENLISTED
2013 2014* 2015*
Pay # airmen Total paid Average paid # airmen Total paid Average paid # airmen Total paid Average paid
(in millions) (in millions) (in millions)
Early retirement 0 $0 $0 2,500 $188.9 $75,576 4,200 $320.6 $76,332
Voluntary separation 0 $0 $0 2,928 $120.7 $41,232 0 $0 $0
Involuntary separation 1,284 $25.6 $19,938 5,040 $88.5 $17,560 12,875 $423.5 $32,893
Total 1,284 $25.6 10,468 $398.1 17,075 $744.1
% increase 2013-2015 1,230% 2,807%

* Estimates

Source: Air Force

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