20 yrs committment?

[babyfish]

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Does anyone know if we do the 4-yr HPSP, how many more yrs we have to stay in to get the full 20 yrs for retirement? Does the 4 yrs that we are in school count for that? Let say, we do 4 yrs in school, then 4 yrs pay back, so total of 8 yrs, so we'll have 12 yrs left? What if we do 3 more yrs of specilized area such as Ortho or so, then we'll have to pay 3 more yrs back, that would be total of 14 yrs school and payback, then we'll have 6 yrs left to retire??? Please let me know, Im kinda confused about it. Thanks a lot!

 

[makushin]

School doesn't count. 4 year repayment counts. Residency counts. Residency repayment counts. If you were lucky enough to get a 3 year ortho during active duty, you would have 10 years in when your commitment was up.

 

[HawkeyeDDS]

Also you would not be eligible for the Specialist Retention Bonus until you have fullfilled all your obligations (10 years).

 

[DDS Nuke]

Simply put: one of the "drawbacks" to the HPSP (as opposed to the HSCP) is that time in your initial 4 years of dental school DO NOT COUNT TOWARDS RETIREMENT (although the 45 days active duty during your summers will)...thus, after D-school you still owe the Navy 20 years minus 4*45days to retire.

 

[Smills91]

Simply put: one of the "drawbacks" to the HPSP (as opposed to the HSCP) is that time in your initial 4 years of dental school DO NOT COUNT TOWARDS RETIREMENT (although the 45 days active duty during your summers will)...thus, after D-school you still owe the Navy 20 years minus 4*45days to retire.

19.5 years then. You'd have 180 days(basically 6 months) wiped off of your payback.

 

[btizzels]

19.5 years then. You'd have 180 days(basically 6 months) wiped off of your payback.

What if you are attending a school that is year round and you have to do "school orders" does that still count towards time served?

 

[HawkeyeDDS]

No I'ts only time on Active Duty, your active duty at school is just a ploy to get you paid, but not make you do anything.

All this stuff about 20 years really doesn't matter. What happens is once you are on active duty, you sign additional commitments yearly in order to receive your DASP. For me I sign every year on July 1, and get my DASP. I then incur a one year obligation. Usually this starts the day you sign into your first duty station, making it identical to my ETS (get out) date. Make sure that you ask about this while inprocessing. I know some people that weren't told until a few months into their obligation before they signed their DASP. If you do the math they either wouldn't get the full amount the last year, or depending on how big of asses they wanted to be they might not give it to you at all unless you fulfill the full year.
If you are going to make a career out of it I guarantee your Bonus schedule is going to be alot more important to you than your actual retirement date. Basically it comes down to doing the math and deciding if the bonus' are worth it to you or not.