Browsing: Military service deposits

Q. I recently retired from active duty with 22 years. From reading various blogs and whatnot, I understand that if I elect to deposit my active duty toward federal retirement (if the position is accepted), upon retirement, I would forfeit my military retirement. Does that only take effect once I retire from the federal government, or would it stop while working for the federal government?

Q. How is the special retirement supplement calculated? When I reach my minimum retirement age, I will have 25 years of civil service. I believe the eight-plus additional years military buyback only counts for retirement annuity. So what is the formula used to estimate what the supplement amount would be until age 62, when regular Social Security kicks in?

Q. I am a civilian federal employee under FERS with 14 years of credit. For various reasons, I am considering joining the military or reserve and leaving my civilian status. I see many references to military service counting toward subsequent civilian service, but I don’t find anything regarding the opposite. Will my civilian time transfer to the military or reserve? Where can I find more info on the best way to plan for this?

Q. I served on active duty for 14 years, 10 months and 24 days. I was permanently retired with service-connected disabilities. I have since been a federal civilian for two years. Based on my service computation date, I was awarded a 10-year pin for federal service due to my nonparticipation in the military buyback program. How will this affect me under FERS for retirement from civil service?

Q. I am 57 years old and qualify for FERS retirement benefits. I have 18 years of service and considering retiring this year. I have four years of service as a rural carrier associate from 1990 to 1994. Do these years qualify for buyback? How do I find out how to purchase these years of service and how much it would cost to repurchase these years? I also have six years in the National Guard (1974-1980).

Q. I have 29 creditable years (including active duty) in the North Carolina National Guard. Of that time, I have 13+ years of active-duty time. I am 47 years old. If I make a deposit have the active-duty time applied to 18½ years of Postal Service, would I be able to retire from the USPS and receive my retirement right away without any penalty? Also, would I still receive my full 29 years of creditable military service as a retirement when I reach age 60, or will buying my active-duty time and applying it to USPS mess this up?

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