Military buyback and SRS

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Q. I am 52 and I want to retire when I reach 57. I started my career with the Postal Service in 1993, which gives me 20 years. I am in the Air Force Reserve with 30 years (four years and six months active) and I also have nine months of deployment on active duty. Will I be able to buy back the full five years and three months so I can meet the 30-year requirement at age 57? How is the special retirement supplement calculated under age 62?

A. You can make a deposit for any period(s) of active-duty service. The special retirement supplement will be based solely on your actual FERS employment. Active duty for which you’ve made a deposit can’t be included in that computation.

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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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