Military buy back

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Q. I am trying to get information regarding the military service buy back program. I served in the military for four years and got medically retired. I receive compensation from the Veteran’s Affairs, so I thought that it would not be a good idea to buy back. But people say that I should get expert advice on this particular matter.  Could you tell me if the buy back program is beneficial for me?

A. Yes, it is. If you make a deposit for your four years of active duty time, it will be added to your years of actual service and, when you retire, be used in the computation of your annuity.

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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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