Browsing: military retired pay

Employment and military retired pay

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Q. I retired as a CWO-3 (USMC) after serving 21 years. I am receiving retirement pay and received a 20 percent disability rating from the Veterans Affairs Department and get payments from VA. If I take a position with a federal agency, will I lose any of my military retirement?

DoD and VA benefits

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Q. I am a Navy Reserve 05 with 33 years of service, 12 of them active duty. I was recalled to active duty and have completed eight years of active duty in direct OIF/OEF Presidential Recall. I turn 58 in November and have been accepted to a job at the VA. I could have retired in September and collected money, but I stayed on active duty. Now that I am going to come off orders and work for the VA, how do I choose what to do with the joining of DoD and VA retirement? Can I retire from the…

Military buyback

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Q. I am a retired soldier with 21 years of service being paid my retirement. I am also a GS FERS employee with 13 years of service. I am 56 and would like to retire in about two years. I have asked for my calculation to see if I should buy back my service time. I assume that if I buy back my time, my military retirement stops immediately. I used your calculator to check my FERS retirement and believe I got the right number for just the 13 years. If I retire under the MRA+10 provision, will I basically…

Military buyback

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Q. I have been misinformed about the buyback program. Before attending a military benefits/buyback briefing, I had been told that once I decided to buy back my military time, my monthly military retirement pension would immediately stop. That is the only reason I did not buy it back sooner. For clarification, if I buy back my 22 years of military service, will I continue to receive my monthly military retirement pension until I am eligible to retire from federal employment? And on the day I am eligible and retire from federal employment, am I required at that time to waive…

Military buyback and disability

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Q. I am a 67-year-old military retiree. I retired in 1988 with 21 years of active-duty service. I draw a 40 percent VA disability, although I have three more claims, which may increase my percentage. I am also employed by the FAA as an FG-13, step 2 with five years of service. I am considering buying back my 21 years of active-duty service using a payment plan. Because of using a payment plan, I won’t have the 21 years bought back until approximately one year before my planned retirement from the FAA. 1) Will I continue to draw my military…

Military and FERS retirement and buyback

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Q. Having retired in 1995 with 20 years of active-duty service in the Air Force with a 40 percent VA work-connected disability, I’m a FERS employee as of April 2000, and I intend to retire in January 2018. I’m considering buying back my military time; once my deposit has been paid in full, and I retire from FERS with a combined 37 years of creditable service, will I keep my monthly VA amount? Lastly, while I’d be forgoing my AF pension, will other privileges remain intact?

FERS, military service and waiving reserve retired pay

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Q. I’m in FERS and have bought back my 10 years’ active-duty military time from Army and Marine Corps service. I have 26 years’ reserve time and retired from reserve service in 2009. I’m 50 and won’t start collecting reserve retirement until I am 60. Will I have to waive my reserve retirement if I retire from civilian service before age 60 or once I retire from federal civil service?

FERS, military retired pay and special retirement supplement

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Q. I have completed 20 years in the Navy Reserve. I have been working as a GS for five years now and am 48. I am crediting my active-duty time to my GS service. It should total around seven years. 1) At age 56 (I was born in 1964), I will have 20 years of service (including the seven years of active duty I purchased). Can I begin my annuity then for the FERS retirement with no penalties? 2) At age 59, I can begin drawing my Navy Reserve retirement due to time served in a war zone. Are there…

Military buyback

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Q. I retired with 21-plus years of military service and am now a federal employee. I retired about 13 years ago and have been collecting military retirement. I have been a federal employee for about 11 years. Can I still buy back my military service? If so, would it be worth it, and how does that work? A. Yes, you can make a deposit to get credit for your active-duty service. To do that, you’ll need to complete a copy of Form RI-20-97, Estimated Earnings During Military Service, and mail it to the military finance center for your branch of…

VERA/VSIP vs. military retired pay

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Q. I’m a civil service employee covered by FERS. My agency is offering Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. I am 62 and receiving military retired pay. I’ve been told that I’m not eligible for either VERA or VSIP because I’m receiving military retired pay. Is that true? A. Not that I’m aware of. According to the Office of Personnel Management: Employees in the following categories are not eligible for VSIP. Employees who: 1. Are re-employed annuitants; 2. Have a disability such that the individual is or would be eligible for disability retirement; 3. Have received a decision notice…

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