Q. I retired in 1995 from the Army after 15 years and two days under the early retirement option offered. I have been working for the federal government for over 16 years. I have not bought back any military service; I draw a military pension and disability pay. I divorced my spouse in 2006; she waived all rights to my current federal annuity, Thrift Savings Plan, etc., but does receive half of my military pension and the other half as spousal maintenance outlined in the divorce decree. Would it be legal to buy back my military service credit and convert…
Browsing: retired pay
Q: I have 20 years of military service as an Air Force reservist. I plan to accept a federal GS-14 position and make a deposit into the Federal Employees Retirement System to get credit for my military service in my federal retirement calculation. Then I will retire from the reserves and receive reserve retirement pay. Under FERS, will I be forced to waive my reserve retirement pay? A: Making a deposit to get credit for any active duty service in the military won’t have any effect on your reserve retired pay. You will not have to waive it. That requirement…