If you attended a federal service academy, you can buy back that time without waiving your military retirement, as it never counted toward your military retirement. I purchased my four years as a West Point cadet and was able to add it onto my FERS retirement without waiving any of my military retirement. And because the basic pay I earned as a cadet was so low, the required payment was very small. In short, I was able to buy back four years for only $514.00, a great bargain no matter how you look at it.
@ 4:09 He would have to make a deposit for the three years. Being deployed or service in a combat exclusion zone does not exempt the military pay from service credit calculations. Calculation for military pay includes just basic pay. Combat pay like all allowances are excluded. It will not "automatically count".
Hi, liked and subscribed! I was active duty 7 years and trasnferred to the reserve. I'm taking a fed gov job and understand I'm vested after 5 years. So if i work those five, and add the 7 active duty years, that's "12" i can use in the calculation, 12x.01, then muliply that by high three? What about all the other reserve time i earn from now until i retire from the reserve? THANKS!!!
I am currently leaving Active Duty for family reasons and have 16 years of service. I have a VA job lined up and torn between buying my time back. I also am thinking of joining the reserves to finish out my time for retirement. What options are best in your opinion. Joining the reserves and finishing my time and buying back my military time with the VA? Or… Just buying back my time with the VA and not joining the reserves?
I'm retired with 20 Activity duty years. 11 Years were under ADSW orders, Can I buy back the those 11 yrs and still retain my current military retirement.
Generally, when you buy back your military time, you transition your benefits to the federal system and give up your military benefits and pension. However, there are two exceptions where you might be able to keep your military benefits. That is guard time and reserve time. You may qualify for that exception. It's definitely worth looking into!
Hello, I am currently a gray-area retired reservist. I currently work for the Department of Defense as a federal civilian employee. I bought back my military time of 16 years. Due to numerous deployments, I will be eligible to receive my reserve retirement at 57. Will I be allowed to receive my reserve retirement pension and continue working for the federal government? Thank you.
In most cases, bought-back military time does not count toward military retirement, but there are some exceptions. Feel free to schedule an appointment with one of our advisors to discuss your unique situation and get tailored advice > > zurl.co/mcVK
If you attended a federal service academy, you can buy back that time without waiving your military retirement, as it never counted toward your military retirement. I purchased my four years as a West Point cadet and was able to add it onto my FERS retirement without waiving any of my military retirement. And because the basic pay I earned as a cadet was so low, the required payment was very small. In short, I was able to buy back four years for only $514.00, a great bargain no matter how you look at it.
@ 4:09 He would have to make a deposit for the three years. Being deployed or service in a combat exclusion zone does not exempt the military pay from service credit calculations. Calculation for military pay includes just basic pay. Combat pay like all allowances are excluded. It will not "automatically count".
Hi, liked and subscribed! I was active duty 7 years and trasnferred to the reserve. I'm taking a fed gov job and understand I'm vested after 5 years. So if i work those five, and add the 7 active duty years, that's "12" i can use in the calculation, 12x.01, then muliply that by high three?
What about all the other reserve time i earn from now until i retire from the reserve? THANKS!!!
Thank You!
That is correct. You can also buy back your reserve time.
I am currently leaving Active Duty for family reasons and have 16 years of service. I have a VA job lined up and torn between buying my time back. I also am thinking of joining the reserves to finish out my time for retirement. What options are best in your opinion. Joining the reserves and finishing my time and buying back my military time with the VA? Or… Just buying back my time with the VA and not joining the reserves?
My Army Retirement is Combat Related, will I have to forfeit my retirement?
I'm retired with 20 Activity duty years. 11 Years were under ADSW orders, Can I buy back the those 11 yrs and still retain my current military retirement.
Generally, when you buy back your military time, you transition your benefits to the federal system and give up your military benefits and pension.
However, there are two exceptions where you might be able to keep your military benefits. That is guard time and reserve time. You may qualify for that exception. It's definitely worth looking into!
Man this can be confusing
Hello,
I am currently a gray-area retired reservist. I currently work for the Department of Defense as a federal civilian employee. I bought back my military time of 16 years. Due to numerous deployments, I will be eligible to receive my reserve retirement at 57. Will I be allowed to receive my reserve retirement pension and continue working for the federal government? Thank you.
Did you ever get a reply from your question? I am in a similar situation
If I bought back my 7 years of active military time but the retired with 22 years of military. Will I get my military retirement at 60yrs of age?
In most cases, bought-back military time does not count toward military retirement, but there are some exceptions. Feel free to schedule an appointment with one of our advisors to discuss your unique situation and get tailored advice > > zurl.co/mcVK