By Reg Jones
Military buyback
March 15th, 2013 | Uncategorized
Q. I will have 39 years of total service as of May 12, of which four years are military service and 35 years civilian service. I have my 40 quarters paid in. Will I have to buy back my military time to achieve my 80 percent at retirement (41 years, 11 months)?
A. Yes, you will. Otherwise, when you retire, those years of active-duty service for which you haven’t made a deposit will be eliminated and your annuity recomputed without them. That will happen at age 62, if you are retired, or when you retire if it’s after that.
Tags: 41 years 11 months, annuity computation, military buyback, RETIREMENT, Social Security quarters
Comments
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JHenJoh Says:
March 15th, 2013 at 12:23 pmOr work four years longer.