Q. I will be 62 in February and plan on retiring. I joined the Navy in 1970. Since then, I have two years and nine months of active duty, two years of inactive Navy, 10 years of active Naval Reserve and 13 years of active Naval Reserve for a total of 25 years and eight months. I was placed on the Naval Reserve retired list in February 1999. I would be eligible for reserve retirement when I turned 60, which was February 2012. Authorization for retirement is per references 10 U.S.C. 12731, 12732, 12733, and 12739. In May 2001, I…
Browsing: Military service deposits
Q. I am retired military getting a pension and I have worked enough years as a CSRS/FERS, not sure which, to qualify for a pension there. I don’t want to buy back my years as it would be too expensive at this point. Will I get both pensions? Will one be reduced?
Q. I am a 61 year-old retired reservist and a FERS employee. I’ve not yet retired from the federal government and want to buy back my military years before I retire. I believe I’m eligible to do that before I retire from the federal government. I do not plan on applying for Social Security until I’m full retirement age (66). I’m attempting to obtain my financial records so I can calculate how much I will have to deposit to buy those years. Can you help?
Q. I am presently active-duty Army. I enlisted in 1981. I had a break in service. I worked in the Postal Service for 10 years. I have a total of 19 active-duty years. How does that work as far as retiring from the Army? Can I retire from the Army now? If I do 20 years on active duty and retire from the Army, can I get credit for 30 years federal retirement time?
Q. I have been a federal employee for one year. However, I am 60 years old. If I stay with the federal government for five years, will I be able to receive retirement pay? I have also served in and retired from the military.
Q. In about 1996, my wife bought back eight years of active-duty Air Force time (for about $4,700). She got out in 1984. This gave her an adjusted service computation date of June 1978. She has more than 35 years now and is over age 55. A retirement adviser said that when she retires, she will get her FERS annuity. However, he said that because she bought back her military time (for $4,700), she will get an additional $320 per month, forever on top of her annuity. Is this correct?
Q. I have been a federal employee since 1993 with the Veterans Affairs Department. Since 9/11, I have had five years of being called on orders to support operations Enduring Freedom and Iraqi Freedom and contingency operations. While I was on leave without pay during these five years, do I still get retirement credit? Meaning it is like I never left federal service. (My retirement year would be 2023 with 30 years.) Also, can I buy these five years of war time credit toward my retirement, so in 2023 I will have a total of 35 years of service credit?
Q. I retired from CSRS but did not buy my military time (six years) due to misinformation/misunderstanding. Now they are taking away what little Social Security I was receiving. If I go back to work, under Social Security payments, will I be able to build that up and then be eligible for Social Security benefits?
Q. I have more than 14 years of civil service. I’m retired military (20 years). I’m almost 58 years old. I fall under FERS. A while back, an email came down asking who would be interested in Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. I replied in the affirmative. If they offer VERA/VSIP, my supervisor says he would not approve it for me, as he cannot afford to lose the position. My plan was to retire at 60, but if they offered VERA/VSIP I would go earlier. With talk of reductions in force, I’m concerned what course would be most…
Q. Since being employed with the federal government, I have been deployed twice in the National Guard. I have bought back all the military service. What effect does buying the military service time back have on the service computation date for annual leave accrual?