Q. I am 60 and have 18 years of FERS service. Also, I have been an Army reservist for 25 good years, with two years of active-duty time, and about 2,200 points, of which about 720 are from active duty.
1. Could I buy back military time that would bring me up to 20 years of FERS service so I could retire now, instead of waiting for age 62? 2. If I buy the two years back, I would still have more than 20 years for an Army Reserve pension. Must I waive the whole thing, or just the pay that comes from the active-duty points?
A. You may only make a deposit for your active-duty service. Doing so would not affect your entitlement to reserve retired pay, which would be based on your entire military career. Only those employees receiving military retired pay — not reserve retired pay — are required to waive that pay to get credit for the time in computing their civilian annuities.