Q. I have seen some questions recently concerning federal annuities and
waiving military retired pay. Iis there any benefit in doingso? Why would anyone want to do this? Is it better to get one check or two?
A. It’s worth it if making a deposit and waiving your military retired pay results in your being able to retire sooner from your civilian employment with a larger annuity than two separate ones would provide. You need to make the decision based on what you gain when compared with what you lose. Note that waiving your military retired pay will not affect any other entitlements you have based on your military service.