Ask The Experts: Retirement

By Reg Jones

High-3 calculation

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Q. If I have less than three years in civil service but qualify for retirement based on military time I bought back, what is my high-3 calculated from?

A. Your annuity will be based on your combined civilian and military service for which you made a deposit. However, you don’t qualify for retirement. To do that, you will need to have five years of actual civilian service and meet the age and service requirements: 62 with 5 years, 60 with 20 years, at your MRA with 30 or at your MRA with between 10 and 29 years. In the last case, your annuity will be reduced by 5 percent for every year you were under age 62 when you retired. Note: MRAs range between 55 and 57 depending on your year of birth.

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