Voluntary separation pay for officers -- date to apply extended, multiplier reduced Published June 17, 2010 AFPC Public Affairs RANDOLPH Air Force Base, Texas -- The application period for eligible officers to apply for voluntary separation pay is extended through July 31, but the multiplier is lowered to 1½ times the authorized separation pay effective July 1. "Unlike the past, we will not increase the multiplier; therefore, we highly encourage (reduction-in-force) eligible officers to act before June 30 to take advantage of the current rate," said Col. Joan Garbutt, director of force management policy at the Pentagon. "For the extended VSP window beginning July 1, the separation pay multiplier will be reduced to 1½ times the separation pay." Eligible officers 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 the core Air Force specialties 13S, 15W, 21A, 17D, 38F, 61B, 61C, 65F and 52R, except for Catholic chaplains. Officers approved for VSP receive a lump sum payment. The amount calculated by officials from their servicing finance office is subject to federal and state income taxes upon their date of separation. To date, more than 240 eligible officers have been approved for voluntary separation under the force management program. For more information , visit the AFPC personnel services Web site or call the Total Force Service Center, 1-800-525-0102.