Q. I was medically retired due to a war-time injury. Is there an exception that allows me to keep my military pension and also count my civilian time?
Browsing: military buyback
Q. I am 58 and was RIF’d in August 1996. I started work in 1988 and also have four years military service; however, I didn’t make a deposit to get credit for it. Can I do that now? Is it possible for me to apply for a FERS retirement this year? A. No, you can’t make a deposit now. Only employees can make a deposit. Since you only have 8 years of creditable service, you won’t be eligible for a deferred annuity until you reach age 62. That’s assuming that you didn’t ask for a refund of your retirement contributions…
Q. I am working as a civil servant after retiring from the military. If I buy back my military time (21 years), will I be eligible for the FERS Social Security supplement at my minimum retirement age of 56? I would have a total combined service of 35 years? A. Yes. However, your special retirement supplement would be based solely on your years of FERS employment. Active-duty service for which you’ve made a deposit, wouldn’t be included in that calculation.
Q. I am 65 and still working but at this time, I have not or did not buy back my military time, is there an age limit where I do not have to buy it back, or yes, if I want the extra money, I will have to buy it back? A. There isn’t an age limit on when you may make a deposit to get credit for your active-duty service. The only requirement is that you make that deposit before you retire. Note: If you are a CSRS employee who doesn’t make a deposit, you’ll still get credit for…
Q. I am a GS-1811 with just over 16 years of federal service. I was grandfathered into federal service at 42 and will have to retire at 62 (I am 59). Additionally, I have bought back 12 years of Army active-duty time. My Agency has proposed my removal for performance reasons, which I can directly attribute to my worsening Adult ADD. They are leaning toward an involuntary disability retirement vice removal. If I am disability retired, will my 12 years of bought-back Army time be included in the annuity calculation? Will it also be included in the subsequent calculation when…
Q. I began my civilian federal employment in May of 1974. I am a Vietnam era veteran with three years military time and paid back that time. My service comp date for retirement is May 1971. I am going to retire at the end of this year. Based on the above, will all CSRS contributions I paid after reaching 41 years, 11 months, qualify for refunding to me? A. If you have 41 years and 11 months of service from which retirement deductions were taken (or a deposit made), any excess deductions will be refunded to you with an option…
Q. I am retired Army with 22 years and nine months being paid my monthly retirement check. I retired in May 2011. I started as a GS FERS employee in February 2013. I am in a target GS 12 position, which basically means that I will be a GS 12 in February 2017. I did the DFAS Payback estimator for military time and it stated that I would owe about $18,000. My monthly retirement check right now is about $2,200 a month. I know that I will have to waive that once I retire from civilian service in order to…
Q. I’m a federal law enforcement officer with 16 years covered and three years federal service not covered. If I decide to take a deferred retirement will I still get the enhanced 1.7 x the number of years x my high three and 1 x the number of non-law enforcement years X my high-3? I also bought back 13 years of military service. How will those years be added?
Q. I enlisted in the Marine Corps in 1984 and retired in 2004 with 20 years of service. In March 2006, I was hired as a Defense Department civilian and have been so to date. I completed my deposit for Military Service Credit in 2011 and have my letter for “paid In full.” I would like to retire at MRA 56 years, four months (1966). Does my time in service (military), if combined at retirement, override the minimum years of creditable service, therefore foregoing the penalty for retiring under age 60. My understanding is that you need MRA plus 30…
Q. I retired from the military with a 40-percent VA disability. I am now a government employee under FERS. If I buy back my military time and then retire under FERS, will I still receive my VA disability payments and, if so, will the VA payments be deducted from my FERS retirement in the same way as they are deducted from my military retirement today? A. While you would have to waive your military retired pay when you retire from your civilian position, you wouldn’t have to waive your VA disability payments. They would have no affect on your FERS…