Military buyback counts as creditable service for FERS contribution amount?


I am getting off of active duty after 14 years 2005-2018). If I enter federal service under FERS and buyback my active duty service with a deposit, is that time considered eligible service for a lower FERS contribution rate (ie .8% versus 4.4% for a civilian appt after 2014)?

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Asked on July 10, 2018 9:57 pm
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Unfortunately not because what determines whether you are FERS, FERS RAE or FERS FRAE is when you began your first federal civilian position, which in your case would be 2018, which means you would fall under the FERS FRAE rules. By making the military service deposit, you will be adding creditable service time for retirement eligibility and computation purposes.

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Posted by (Questions: 0, Answers: 356)
Answered on July 11, 2018 2:47 pm