Waive military retired pay

0

Q. I plan on retiring under FERS at the end of pay period 26, Jan. 11, 2014. I bought back my military time and will be required to waive my military retired pay effective the day before my annuity begins. Does my annuity start Jan. 12, 2014 or Feb. 1, 2014? What would be the effective day for waiving my military retired pay?

A. You’ll have to formally waive your military retired pay at least 90 days before the date you’ve set to retire but not later than 60 days. You can find out how to word that request and what information to provide by going to www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c022.pdf and scrolling to Section 22A4.1-2. However, the address in that section is no longer valid. You’ll have to check with your branch of service to find out where to send your waiver request. If you retire Jan. 1, 2014, your annuity would begin Feb. 1. You’ll have to check with the finance office for your branch of service to find out when you’d receive your final retired military payment.

Share.

About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

Leave A Reply