Q. In 2005, I resigned from my position as a civil servant and didn’t ask for a refund of my retirement contributions. At the time I was 51 and had 24 years of service. Do I have any options in order to receive a retirement benefit based on my 24 years of service? A. Because you have at least 20 years of service but fewer than 30, you can apply for a deferred annuity at age 60. That annuity will be based on the average of your highest three consecutive years of basic pay and your total years and full…
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Q. I am 37 and have been in the Navy 20 years. I have begun the hiring process with the U.S. Border Patrol. I am an E-8. Should I try and buy back my years in military, which should cost about $8,000? Can I defer receipt of military retirement until I retire from the Border Patrol? I am also curious about the amount of buyback. Is it based on my rate of E-8 or on the total amount I made? Due to my billet and frequent deployments, I made twice what the base pay might be. I spent a lot…
Q. I have 20 years of military service and receive military retirement. I’ve been in FERS for 10 years. I’ve always been told that buying back military retirement wasn’t a good idea. What steps do I need to obtain all the facts necessary to find out if it would benefit me?
Q. I was a summer employee with the Center for Military History in 1979 in Washington, D.C. I do not know how or if I can get credit for that service. I was GS-2, research assistant. How do I go about finding that info?
Q. I did 10 years active duty and just started a job as a GS position and applied to buy back my military time. I was thinking if I bought back the time, I’d only have to work 10 more as a civilian to get to the 20-year mark. My supervisor told me it doesn’t work that way and that buying back my military time was only to get more money in my annuity when I retire. So now I have to do 20 years as a civilian?
Q. I would like to know if the service computation date changes immediately once I begin buying back my time or once I payoff the time? The other question I have is about leave accrual. I know some folks that have begun paying back their deposit and they have had their SCD adjusted plus they also start accumulating leave at the SCD adjustment rate.
Q. I was medically retired at 22 years and my retired pay is tax exempt due to my disability status. If I buy back my 22 years of military service toward civil service retirement (I am a GS grade), will my retired (disability) pay be affected?
Q. I have around 13 years active Army and three years Army National Guard time total. I was a sergeant when I separated in October 2011 from the Army. I just accepted a position at the U.S. Postal Service. How much will it cost me to buy back my military time, or is it even worth it? Would that mean I now would have 13-16 years with the post office counting toward my retirement? Does buying time back do anything for your new or current pay grade in a federal job? Does it count toward leave accruals?
Q. I am receiving 90 percent Department of Veterans Affairs disability pay, plus retired reserve pay, and retiring from FERS after 10 years of civilian service and paying in for a military deposit covering 14 years of active duty (to get credited with a total of 24 years for my civil service retirement pay calculation). Will they deduct anything from either my VA disability payment or my retired reserve pay, because I am buying back the 14 years of active duty?