Q. I have seen several posts and info on waiving military retirement pay when buying back military time; however, the timing is not clear. When does the military retirement pay need to stop — at the time of deposit payment(s) or at the time of the actual FERS retirement date? I am currently receiving military retirement pay and working for the federal government; I am considering buying back time to consolidate into FERS retirement.
A. If you want to waive your military retired pay, you must send the waiver request to the Defense Finance Accounting Service for your branch of service at least 90 days but no later than 60 days before your planned date of retirement.