Ask The Experts: Retirement

By Reg Jones

Military buyback and reservists

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Q. You answered a question March 1 about military buyback from a person who had 21 years of active-duty retirement. You said, “If you make a deposit for your active-duty service, you’ll have to waive your military retired pay when you retire from your civilian job.” Does that apply to reservists?

I am a retired reservist who had planned to buy back 10 years of active duty in 2013-14. I began drawing retired pay last year when I turned 60. As a reservist drawing retirement, will I also have to waive my retired pay when I retire from civilian service if I buy back my active duty time?

A. Because you’ll be receiving reserve retired pay, if you make a deposit to get credit for your active-duty service, you won’t have to waive that pay when you retire. Only employees entitled to or receiving military retired pay based on their active-duty service are required to do that.

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