Military buyback

0

Q. I served five years on active duty before becoming a federal employee. Can you please explain the reasons for and advantages to buying credit for military service as a federal employee? Since I was hired two years ago, I’ve been receiving four extra hours of annual leave each month because of my military service. Is this related to the buyback program?

A. You got credit for your active-duty service solely for determining your leave accrual category. If you want to get credit for that time for retirement, you’ll have to make a deposit to the retirement system. If you do, you’ll get credit for it in determining your total years of service for retirement and have it used in the computation of your annuity.

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