Q. If I have repaid my military service deposit but then resign from federal service, can I request a refund of the military service deposit? Also, if my agency is offering Voluntary Separation Incentive Pay, does the military service deposit count toward the VSIP buyout?
A. If you leave federal service, you can’t request a return of just your military service deposit. You’d have to request a return of all of your contributions to the retirement fund. Of course, doing so would void any future entitlement to a retirement benefit.
If you are offered a buyout, you can accept it. That’s because your years of service are irrelevant. VSIPs aren’t like VERAs, where you can only have one offered to you if you meet the age and service requirements.