Retirement: “Buying back” active military time


Is there a simple method for determining how many years of federal service I’ll need to retire if I already have ten years of active military service?

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Asked on January 1, 2020 6:33 pm
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In order for those ten years to count for eligibility and computation, you need to make a deposit into the retirement fund. And for FERS, one needs 5 years of civilian service to be vested for retirement. However there is also an age requirement. With only 15 years of creditable service, you could retire at age 62 without an age penalty or as early as your Minimum Retirement Age with an age penalty. To avoid the age penalty at your MRA you need 30 total years of creditable service, your 10 military and 20 civilian or at age 60 you could retire with 20 total creditable service with your 10 military and 10 civilian.

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Posted by (Questions: 0, Answers: 605)
Answered on January 3, 2020 3:26 pm