Browsing: Military service deposits

Q. I am an active-duty member of the Air Force with five years of service. I am planning to stay in for five more years to transfer my post-9/11 education benefits to my kids. I am looking to get out of active service at the 10-year mark and would like to remain working for the federal government. How would my years of service count toward retirement if I began to work for the Veterans Administration versus switching service branches (i.e. public health services corps)?

Q. I plan on retiring at age 65, when I will have completed 15 years of federal civilian service. I have also paid the deposit on six years and four months of active-duty military service. Can I add the active-duty service to my 15 years of federal civilian service to qualify for the 1.1 percent of high-3 average salary for each year of service formula for those Age 62 or Older at Separation With 20 or More Years of Service?

Q. I retired from the FAA in 2003 with 21 years of service, and I receive 50 percent of my base pay. I also am qualified for Social Security. I bought back my military service. I know my Social Security benefits will be lowered as I receive a pension from OPM. I am planning on taking my Social Security benefits when I turn 62. Will I still receive my 50 percent pension from OPM?

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…

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