Browsing: military service

Q. I am a new civil employee. I received an early-out due to force reduction. I am a 50 percent disability veteran I paid the severance pay to the Veterans Affairs Department before I could receive compensation. Now I want buy back my military time toward federal retirement. Is the severance pay included in my total earnings during my active duty? If so, is severance pay deducted from the amount to buy back time, since it was paid to the VA?

Q. I work for the federal Bureau of Prisons under FERS. I have eight years of active military paid for and five years’ civilian service. If I resign my position, will I be eligible to collect a deferred annuity at 57, my MRA, with the 5 percent penalty, because that will be more than 10 years’ government service combined, or will I have to wait till age 62?

Q. I served in the military from June 1974 to April 1981. I was then hired by civil service in April 1983 as a temporary employee. I was picked up as permanent in July 1984, and my service computation date is June 1976. For whatever reason, when FERS was implemented, I was left in the original CSRS retirement plan and have been paying into CSRS for 29 years and 11 months. I applied for retirement computation last month and was notified by the human resource office that I will have to switch to FERS or CSRS offset to retire. Since…

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…

Q. I am a former civil servant with six years’ civil service who bought back military service. My service computation date for leave is September 1993. Is there a different SCD for retirement? Also: If I return to civil service, can I buy back military service completed since my previous civil service and military buyback? If so, would this also adjust my SCD further? (I am an Air Force reservist who has had several activated tours, including a recent six-month deployment.)

Q. 1. I left the Fed in November 2011 with 22 years of creditable service (military time buyback included) and, as I am under my MRA of 56, would not be eligible for my retirement benefits without penalty until age 62, correct? 2. Can I work part time (consultant) on an agency’s payroll without affecting my current status, or would that part time add to my benefit? 3. Also, if I came back to the Fed and did three more years of full-time work before age 62, would that reinstate my health benefits?

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