Does military buyback count towards 20 years for retirement


Specifically, I want to retire with 20 years of service to increase the pension rate to 1.1%. With my military buyback I would hit the 20 years at 62 years and 9 months old. Will these years I buy in count towards the increased percentage at 62 or would I only be eligible still for the 1% per year?

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Asked on February 14, 2019 9:10 pm
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If you have a combination of 20 years or more of creditable service, meaning all deposits/redeposits have been made, and are age 62 or older when you retire, then yes, they will use the 1.1% factor in computing your retirement. And, any sick leave you have can also through you over the 20 year mark as long as you are age 62 or older when you retire to collect the 1.1% computation.

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Answered on February 15, 2019 12:10 am