Q. You answered a question March 1 about military buyback from a person who had 21 years of active-duty retirement. You said, “If you make a deposit for your active-duty service, you’ll have to waive your military retired pay when you retire from your civilian job.” Does that apply to reservists?
I am a retired reservist who had planned to buy back 10 years of active duty in 2013-14. I began drawing retired pay last year when I turned 60. As a reservist drawing retirement, will I also have to waive my retired pay when I retire from civilian service if I buy back my active duty time?
A. Because you’ll be receiving reserve retired pay, if you make a deposit to get credit for your active-duty service, you won’t have to waive that pay when you retire. Only employees entitled to or receiving military retired pay based on their active-duty service are required to do that.
2 Comments
I would like to inquire if you can buy back your active military time if you are retired from the reserves. Thanks
If you are currently employed by the federal government, you can make a deposit to get credit for your active duty service.