Military buyback

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Q. I was medically retired from the Air Force in 1994 with 19 years, 2 months, 11 days. I was hired for a civil service position Aug. 25, 1994. I also am a disabled vet (80 percent), and all of my retired pay is received from the Veterans Affairs Department. Would it benefit me to combine my military and civilian time?

A. If you made a deposit to get credit for your active-duty service, it would be added to your years of civilian service and used in determining your eligibility to retire and in your annuity computation. Because you are a FERS employee, each year of deposit service would be worth an additional 1 percent (1/12 percent per month).

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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