Technical and master sergeants, captains, majors and lieutenant colonels in certain Air Force specialties may apply to retire with fewer than 20 years of active service under the Temporary Early Retirement Authority (TERA). Commonly referred to as the 15-year retirement, To be eligible for consideration, members must have at least 15, but less than 20 years of total active duty time as of Oct. 31, 2013. Applications will be accepted July 29 - Aug. 15. Airmen must apply through the virtual military personnel flight, accessible via the Air Force Portal or the myPers website. For full application instructions and eligibility requirements and a list of eligible career fields, go to the myPers website and search for "PSDM 13-73" for the enlisted program or "PSDM 13-74" for the officer program.
For more on retirement and transition, visit the Military.com Transition Center.