Browsing: Military service deposits

Q. I retired in 2010 with 40 years of service, including four years of military service (1972-1976) that I did not pay back. While I am 62 and don’t qualify for Social Security yet, I recently received a notice that I now qualify for survivor benefits. Will this affect my CSRS annuity? Second, is the one-time Catch 62 check at age 62 in law or process? My concern is that if it is process, then it could easily be changed because of the budget situation to check every year after age 62 or when you start to draw Social Security…

Q. I had 12 years of active-duty time and have worked for the federal government for 13 years. I was always under the impression that the military time counted toward my retirement, as I was getting the leave credit since I started. I work in a field organization and was never provided any information on “buying the military service time.” Is there any way to get an exemption from paying the interest for the buy back time? I still haven’t found a human resources person in my organization to talk with about this issue.

Q. I retired from the military after serving 21 years, am receiving retirement pay and also received a 20 percent disability rating from the Veterans Affairs Department and get payment from VA. I work for a school district paying into the California Public Employees’ Retirement System. If I take a position with the federal government, what happens to my military retirement? What can be done with the 13+ years I have paid in to CALPERS?

Q. I recently made a lateral move from one federal law enforcement agency to another, after about four years with my former agency. I moved from one FERS-covered position to another. On my leave and earnings statement, my military service credit purchase/payment, which I paid in a lump sum about five years ago, has disappeared, and my cumulative FERS retirement funds reset to zero. I contacted the Office of Personnel Management, which instructed me that my former agency should have forwarded my “account” to OPM for maintenance, and that I would receive a letter stating the account was in maintenance…

Q. I had 16 years as a FERS employee and bought back my four years of active-duty time (20 years). When I left my federal job, I was told by human resources to apply for my deferred retirement at my minimum retirement age (56 years old) because taking the penalty (2 percent a year for every year under 60) was still better because it would take 18 years to make up the difference if I waited until age 60 to draw the annuity. Does that sound correct to you? I left federal service at age 46.

Q. I am on military leave without pay on presidential recall orders. I was promoted to GS-12, Step 1 a few months prior to being mobilized on military orders. If I’m involuntarily extended on military orders for three years then return to my civilian employment and request deferred annuity, would my high-3 be based on GS-12 Step 1 that I held for a few months prior to being mobilized? Based on my career GS level, can you tell me my current high 3? 2000-2006 = GS-8, Step 6 2007 = GS-7, Step 8 2008 =GS-5, Step 10 2009 =GS-7, Step…

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