By Reg Jones
National Guard service and military time
May 15th, 2013 | Uncategorized
Q. I joined the Illinois National Guard on Dec. 23, 1981. I served boot camp time only from May 10, 1982, to June 25, 1982. I started getting blisters under my feet due to the boots and received a medical honorable discharge July 23, 1982. I have seven months of time.
Can the seven months be applied as military time for retirement?
Military service and buyback
May 15th, 2013 | Uncategorized
Q. I am a traditional guardsman and am considering federal employment.
Does any of my inactive duty or mobilized time count toward retirement or leave accrual? I’m 43. What is the minimum number of years I would need to work to qualify for a pension, even deferred? Whom can I contact for more information?
Tags: annual leave, annuity, Deferred annuity, military buyback, military service, minimum retirement age, MRA+10
Military buyback and disability
May 15th, 2013 | Uncategorized
Q. I am a 67-year-old military retiree. I retired in 1988 with 21 years of active-duty service. I draw a 40 percent VA disability, although I have three more claims, which may increase my percentage. I am also employed by the FAA as an FG-13, step 2 with five years of service. I am considering buying back my 21 years of active-duty service using a payment plan.
Because of using a payment plan, I won’t have the 21 years bought back until approximately one year before my planned retirement from the FAA.
1) Will I continue to draw my military retirement pay while making payments until I retire from the FAA, at which time I would forfeit my military retirement pay and draw my FERS retirement?
2) Once I’ve bought back my military time and I retire from the FAA under FERS, will my VA disability be affected?
Tags: disability, FERS, military buyback, military retired pay, military service
Military buyback and service computation date
May 15th, 2013 | Uncategorized
Q. I am a former civil servant with six years’ civil service who bought back military service. My service computation date for leave is September 1993. Is there a different SCD for retirement? Also: If I return to civil service, can I buy back military service completed since my previous civil service and military buyback? If so, would this also adjust my SCD further? (I am an Air Force reservist who has had several activated tours, including a recent six-month deployment.)
Tags: military buyback, military service, service computation date
Federal retirement and re-employment
May 14th, 2013 | Eligibility FEHBP Military service deposits Minimum retirement age part-time Re-employment Re-enrollment RETIREMENT
Q. 1. I left the Fed in November 2011 with 22 years of creditable service (military time buyback included) and, as I am under my MRA of 56, would not be eligible for my retirement benefits without penalty until age 62, correct? 2. Can I work part time (consultant) on an agency’s payroll without affecting my current status, or would that part time add to my benefit? 3. Also, if I came back to the Fed and did three more years of full-time work before age 62, would that reinstate my health benefits?
Tags: creditable service, Early retirement, federal re-employment, FEHB, military buyback, military service, minimum retirement age
Law enforcement employment and retirement
May 14th, 2013 | CSRS annuity computation FERS annuity computation law enforcement Military service deposits RETIREMENT
Q. I am planning on retiring when I am 60. I will have 16.5 years of law enforcement employment (age waiver for entrance). I also have bought back 9¼ years’ active-duty time. Will I get the special rate of 1.7 percent for my law enforcement time and then 1 percent for the buyback time?
Tags: annuity, law enforcement, military buyback, military service
Three annuities
May 8th, 2013 | Uncategorized
Q. I retired from the military with full retirement in 1995. I think I understand that I cannot buy back any military time without forfeiting retirement pay when I retire from my federal job with the post office. Since the money comes out of my pocket, I have a hard time understanding this. However, I will have 20 years of service with the post office in 2017, when I am 56. If I take retirement, then why will I have a MRA+10 reduction till age 62 if I can retire fully at 60 with 20? Why would it be 30 percent instead of only 20 percent? Also, with the military pension and postal retirement, if Social Security is still around, how will this affect my annuity? Will I be able to pull all three full annuities? Read the rest of this entry »
Tags: annuity, FERS, military buyback, military service, MRA+10, Postal Service, SOCIAL SECURITY
CSRS disability and military redeposit
May 8th, 2013 | Uncategorized
Q. I’m a 55-year-old CSRS employee filing for disability retirement from the USPS. I have eight years military but have redeposited only half of what is required.
Will I be able to continue making deposits while OPM reviews my case? And if not, will I get my initial deposit back in a lump sum?
Tags: CSRS, disability, lump sum, military buyback, military service, OPM, Postal Service
Military buyback and retirement
May 7th, 2013 | FERS annuity computation Military service deposits RETIREMENT
Q. I am about to separate (not retire) from active duty with 20½ years of service and transfer to the Air National Guard as a military technician at GS-13. I am told that if I buy back my time, my military pension will not be affected — that I will still draw on it normally when I finally retire at whatever officer grade I achieve. I plan on staying with this unit for an additional 20 years in this position, and I am intrigued by the prospect of buying back my military time and securing a FERS retirement with 40 years’ service (20 active federal plus the 20 buyback) and my military pension (20½ years’ active duty plus 20 years of National Guard time).
Am I understanding this correctly? Will I secure each retirement (federal and military)?
Tags: FERS, military buyback, military service
Return to active duty and FERS retirement
May 7th, 2013 | Creditable service: FERS Military service deposits RETIREMENT
Q. My military service computation date is Feb. 13, 1983, although I initially entered military service in November 1982. I have completed 30 years of military service, of which 12 years were active duty and the rest in the reserves.
Additionally, I entered federal civil service in February 1992 and made my military buyback deposit to adjust my service computation date to July 1989. I am serving in the excepted service.
I am considering voluntarily returning to active duty but am concerned that if I do so, the time I spend on active duty will not be counted toward my FERS retirement.
Tags: FERS, military buyback, military service
Military buyback benefits
April 24th, 2013 | High-3 Military service deposits RETIREMENT
Q. What are the benefits of buying military service time toward civil service? I have 14 years of military service and two years of civil service and am trying to figure out if it is beneficial to buy military time or not. What is the best way to figure this out?
Tags: annuity, high-3, military buyback, military service, OPM
Military service, buyback and retirement money
April 24th, 2013 | law enforcement Military service deposits RETIREMENT SOCIAL SECURITY Special retirement supplement
Q. I served five years and six months active duty in the Air Force from January 1989 to July 1994. In 1996, I joined the Air National Guard. I am in the Air Guard and have 24 years of service with eight years’ active-duty time. In 1999, I became a full-time federal law enforcement officer. In seven years, I will be 50 and have 21 years’ covered federal law enforcement. If I buy back my military time to get additional federal retirement, will I still be able to receive my military retirement at 60? Or am I better off not buying back my active-duty time? Also, how does the supplemental Social Security payment factor in until I am eligible to receive full Social Security?
Tags: military buyback, military retirement, military service, special retirement supplement
Creditable service and retirement benefit eligibility
April 23rd, 2013 | Creditable service: FERS Military service deposits RETIREMENT
Q. Is there a minimum probation or vesting period required to be eligible to participate in FERS? Suppose a person worked for the federal government for one year, had nine years of military service and participated in the military buyback? Would this be considered 10 years of creditable service? Would the person be eligible for a retirement annuity?
Tags: annuity, creditable service, FERS, military buyback, military service, vesting period
Retirement before 60
April 23rd, 2013 | annuity reduction FERS annuity computation High-3 Military service deposits MRA + 10 RETIREMENT
Q. I would like to retire at between 56 and 58 with deferment until I reach age 60 and can draw my reserve retirement.
I am a gray area reservist with 20 creditable years of total service. This includes four years and two months of active duty that I bought back after I accepted a FERS position. I have been with FERS for 20 years, including buyback. Will I still be able to draw both retirements since my military retirement is a reserve retirement? In 2017, I will have 25 years, and I would like to retire no later than 2018 at 58.
How will my annuity be calculated? Do I have to retire at 60 to receive both retirements?
Tags: annuity, creditable service, Deferred annuity, FERS, military buyback, military service, minimum retirement age, MRA+10
Military and FERS retirement and buyback
April 17th, 2013 | Creditable service: FERS Military service deposits RETIREMENT
Q. Having retired in 1995 with 20 years of active-duty service in the Air Force with a 40 percent VA work-connected disability, I’m a FERS employee as of April 2000, and I intend to retire in January 2018. I’m considering buying back my military time; once my deposit has been paid in full, and I retire from FERS with a combined 37 years of creditable service, will I keep my monthly VA amount? Lastly, while I’d be forgoing my AF pension, will other privileges remain intact?
Tags: disability, FERS, military buyback, military disability, military retired pay, military service
Buying back military reserve time
April 16th, 2013 | Military service deposits RETIREMENT
Q. I have 24 years of reserve military service (Army, not National Guard). I have not retired. I have never been deployed, nor have I been activated for more than 90 consecutive days. I work for the Department of Veterans Affairs, and upon hire, I was told by human resources that there is a formula to determine how much reserve time I can buy back. The representative said it would be either 4 to 1 or 6 to 1 (every 4/6 years reserves will equal 1 year of buyback-eligible time). I transferred stations and went to my current HR and was told they were not aware of any buyback for reserve time and pretty much shut down my questioning. Is this true? And if it is not true, where can I go to begin the process so I can buy back my eligible time?
FERS, military service and waiving reserve retired pay
April 16th, 2013 | Military service deposits RETIREMENT
Q. I’m in FERS and have bought back my 10 years’ active-duty military time from Army and Marine Corps service. I have 26 years’ reserve time and retired from reserve service in 2009. I’m 50 and won’t start collecting reserve retirement until I am 60. Will I have to waive my reserve retirement if I retire from civilian service before age 60 or once I retire from federal civil service?
Tags: FERS, military buyback, military reserve, military retired pay, military service
Is military buyback worth it for me?
April 16th, 2013 | annuity reduction CSRS annuity computation Military service deposits RETIREMENT SOCIAL SECURITY Windfall elimination provision
Q. I will be retiring from civil service under CSRS with 40 years of service. I will also be drawing my reserve retirement next year when I turn 60. I have three years and nine months of unpaid military service, and it would cost approximately $26,000 to buy back the service. I know when I turn 62, the Social Security windfall elimination provision will reduce my Social Security annuity. I have less than 20 years of significant earnings. I’m wondering if it is worth paying the $26,000 to buy back the three years and nine months.
Tags: annuity, CSRS, maximum payable annuity, military buyback, military service
Military buyback
April 10th, 2013 | CSRS annuity computation FERS annuity computation Military service deposits RETIREMENT Uncategorized
Q. I am an active-duty member of the Air Force with five years of service.
I am planning to stay in for five more years to transfer my post-9/11 education benefits to my kids. I am looking to get out of active service at the 10-year mark and would like to remain working for the federal government. How would my years of service count toward retirement if I began to work for the Veterans Administration versus switching service branches (i.e. public health services corps)?
Military buyback and increased multiplier
April 10th, 2013 | High-3 Military service deposits RETIREMENT
Q. I plan on retiring at age 65, when I will have completed 15 years of federal civilian service. I have also paid the deposit on six years and four months of active-duty military service. Can I add the active-duty service to my 15 years of federal civilian service to qualify for the 1.1 percent of high-3 average salary for each year of service formula for those Age 62 or Older at Separation With 20 or More Years of Service?
Tags: annuity, high-3, military buyback, military service