Q. I served in the Air Force on active duty for nine years, from 1994 to 2003, and have continued to serve in the Air Force Reserve since separating from active duty. I plan to work at least 25 years in the Air Force (combined active duty and Reserve). I have been a civilian federal employee since 2003. I am 45. My minimum retirement age is 56 years and 6 months. If I buy back my nine years of active-duty time toward a FERS retirement, will I lose anything from my eventual Reserve retirement? Will my nine years of active…
Browsing: military reserve retirement
Q. I am 60 and have 18 years of FERS service. Also, I have been an Army reservist for 25 good years, with two years of active-duty time, and about 2,200 points, of which about 720 are from active duty. 1. Could I buy back military time that would bring me up to 20 years of FERS service so I could retire now, instead of waiting for age 62? 2. If I buy the two years back, I would still have more than 20 years for an Army Reserve pension. Must I waive the whole thing, or just the pay…
Q. I am a retired reservist receiving retirement reservist pay. I am also a FERS employee getting ready to retire. I’ve already paid the FERS deposit for two years of active military service. I also have DD-214s for four months of basic training and nine months of active service for attending the transportation officer in residence school. I need to know 1) can I pay a deposit for these two periods? 2) most importantly, will this reduce my reserve retirement? 3) must I sign a military retirement pay letter, even though I assuredly do not wish to waive my reserve…
Q. I am in the Marine Corps Reserve with nine years’ active duty and three years’ reserve duty. If I purchase back my active-duty time in FERS, can I still use my reserve points toward military reserve retirement? A. Yes.