Military buyback

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Q. I’m 52, and military retired with 20 years of service. I’m a federal employee. Would it be possible for me to retire at age 56 if I buy back some or all of my active-duty years?

A. If you have at least five years of actual FERS service, were born in 1953 through 1964, make a deposit for your active-duty service, and waive your military retired pay, you could retire at age 56.

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

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