Q. I am prior Army Reserve for eight years, about two-plus years on active duty. Got out in 1992. If I were to take a GS position, would I be able to add my time in service to those years at retirement? My plan is to work at least 10-12 more years. I worked as contract for the Air Force for the past 3½ years and previously at Brooke Army Medical Center for one year as contract. Would taking a GS or Department of Veterans Affairs position be to my benefit? A. I don’t know if it would be to…
Browsing: deposit
Q. I am an active federal employee with eight years active-duty military behind me, for which I haven’t made a deposit. I have 14 years total service and want to optimize my potential for retirement benefits and most of what I have read is very hard to understand. What I am looking at are my options as to when I can retire and the negative effects of that decision based on each specific date and time in service. 1. I was thinking of retiring at 49 years old, which would give me 30 years federal service. Are there any benefits to this…
Q. To be succinct: 04/121978 enlisted in reserves 07/28/2004 started federal employment 11/4/2004 mobilized 9/28/2007 demobilized and returned to my federal employment 12/1/2007 retired from reserves 7/28/2019 will retire from federal service at 65 years of age Will my FERS retirement be 15 years + 3 years for a total of 18 years creditable service, or 15 years because I was mobilized while a federal employee. I am buying back 3 years of active duty. Is there a calculator available that I can plug in the above data? A. When you complete your deposit to get credit for your active-duty service,…
Q. I am on active duty under Title 10 for a 225-day involuntary recall deployment. I am also a 15-year federal employee. Upon coming into the federal position in 2003, I bought back my four years of active-duty time, which has been applied to my FERS position. I would now like to have the deployment days added onto my federal career. I am on leave without pay. However, I am receiving differential of pay. Would I be authorized to have the deployment time calculated to my federal position? I was also informed that I would receive no evaluation or SF-50…
Q. Why do former military (not retired military) have to pay a deposit back into the retirement fund, especially if they’re offset? I am a CSRS offset employee, and my retirement annuity will decrease when I turn 62, when my Social Security will kick in. A. Anyone first hired on or after Oct. 1, 1982, has the option of making a deposit for active-duty service to get retirement credit for that time. Anyone first hired before that can make the deposit or not. For anyone who doesn’t, retires before age 62 and is eligible for a Social Security benefit at…
Q. My husband was in the Naval Reserve from June 1971 to June 1976. He was not called to active duty, although I believe the two weeks of training every year and six months of boot camp/school may be classified as active duty. If that’s correct, he had about 36 weeks of active duty subject to buyback. For his six years in the reserve, he was paid a grand total of $2,165.45, according to military records he has in his file. He was under CSRS but had a brief break in service in 1987 and came back into the federal…
Q. I am currently a Title 32 Air National Guard member (full time). I have 18½ years of service toward an Active Guard and Reserve retirement: 11 years active-duty Air Force and 7½ years Air Guard. I have been offered a federal technician civil service position, meaning I have to stay in the military to perform the civil service job (GS-11). Can I buy back all 18½ years or just the active-duty Title 10 time? I’m assuming I will go over 20 years of AD/AGR time if I go into the federal technician program. Will this affect either retirement? Can I collect my AGR…
Q. I moved to another base due to a base realignment and closure in 1994. I was told by my personnel office several years ago that it would be to my advantage to pay back my military time. So, trusting their advice, I paid it back. And because the interest accrued since 1986, the dollar amount tripled. I served in the Navy from 1974 to 1978. However, I attended a retirement class for CSRS employees and was told by the instructor I didn’t need to pay it back. I do not have 40 quarters and I will not be eligible…
Q. I am a 54-year-old federal government employee with 18 years of service (come October). I plan to retire at age 62, and am curious about whether or not to buy back four years of military time. I got out of the military in November 1980 and am curious how much this would cost. A. To find out how much you would owe, complete Form RI-20-97, Estimated Earnings During Military Service, and mail it to the finance office for your branch of service along with a copy of your DD 214, Report of Transfer or Discharge. When you get a…
Q. I retired from active-duty service in the U.S. Army in 2002. I became a Department of the Army civilian in 2009. When — how many years — can I retire from federal service? What is the computation/formula used to determine retirement pay? A. When you can retire is determined by your age and service. You can retire at age 62 with five years of service, 60 and 20, at your minimum retirement age with 30 or at your MRA+10 (but fewer than 30). If you make a deposit for your years of active-duty service, you’ll get credit for that time in…