Posted on Apr 10, 2019
8
8
0
Has anyone "bought back" their military time after gaining federal civilian employment? What are the benefits? Does it make sense to buy back 4 years if I don't plan on staying employed by the feds for more than a couple years?
Posted in these groups: 
Veteran Benefits AdvisorVeteransPlusFL Department of Veterans Affairs
Retirement
Veteran Benefits AdvisorVeteransPlusFL Department of Veterans Affairs Retirement
Posted 5 y ago
Responses: 16
7
7
0
You already answered your question. If you are not going to obtain a CS retirement (FERS), why pay for it? However, I took the long road buying 10 years of credit in '86 and working for 32 years after. The $10K I paid back then is paying out $13K each year like clockwork. If you are doing TSP, when you leave it'll still grow and you can move it at 59 1/2 or tap it at 60.
BTW if you later go back into CS for the long haul, you can still buy it, but there will be a nominal interest charge (Treasury Rate).
BTW if you later go back into CS for the long haul, you can still buy it, but there will be a nominal interest charge (Treasury Rate).
(7)
(0)
3
3
0
Yes I bought back my military time. I worked 7 years for the federal government and winded up medically retiring from the federal government so buying back my military time helped as far as retired pay and also leave accrual before retiring.
(3)
(0)
(0)
(0)
SPC Jacqueline Brunson-Scott
The 7 years as a civil service employee was in addition to the 11 years of military service I bought back. I received a certificate for 15 years federal service three years before I medically retired! I started collecting OPM disability benefits effective the following month after I retired.
(0)
(0)
SPC Jacqueline Brunson-Scott
In other words, I was credited with 18 years of federal service when I medically retired from the DoD.
(0)
(0)
SPC Jacqueline Brunson-Scott
I draw a disability retirement check every month and I am also 100% service connected. I filed for SSDI and receive that as well so I would buy the military time back, you never know what the future holds and it benefitted me especially having to medically retire.
(0)
(0)
3
3
0
Read This Next
Continue with Facebook 
Continue with Google