Posted on Jul 29, 2016
PO1 Joshua DeWitt
3.08K
30
19
6
6
0
Avatar feed
Responses: 7
SFC Joe S. Davis Jr., MSM, DSL
6
6
0
(6)
Comment
(0)
PO1 Joshua DeWitt
PO1 Joshua DeWitt
>1 y
Thanks for the info SFC!
(1)
Reply
(0)
SFC Joe S. Davis Jr., MSM, DSL
(0)
Reply
(0)
Avatar small
LTC Trent Klug
4
4
0
You can "buy back" your active duty time and it will add one percent for each year to your retirement should you reach retirement with the BOP or any other federal agency.
(4)
Comment
(0)
PO1 Joshua DeWitt
PO1 Joshua DeWitt
>1 y
Thank you, sir. I'm putting in an application with a Federal Correctional Institute and I wanted to make sure I could use my years before I applied.
(0)
Reply
(0)
LTC Trent Klug
LTC Trent Klug
>1 y
PO1 Joshua DeWitt - Once you get hired, you'll want to send a request for estimated earnings to the Navy Finance Center. They'll process it and send it directly to you. You will then need to send it to Grand Prairie, where they will calculate your buy-back amount. Get it done early, so you don't accumulate a ton of interest like I did.

Then you can set up a payment plan (the BOP will do a set amount each month), or you can pay it all at once. Your choice.
(2)
Reply
(0)
Avatar small
SCPO Investigator
2
2
0
An unequivocal YES!!!
(2)
Comment
(0)
SGM Joel Cook
SGM Joel Cook
>1 y
SCPO Donnie Bowerman- not a complete or true answer. You can purchase or buy back your military years for an actual price, in dollars. It does not count unless you pay fort it to count.
(0)
Reply
(0)
SCPO Investigator
SCPO (Join to see)
>1 y
The man ask if it would count. The answer is yes. I didn't waste time filling in the blanks.
(0)
Reply
(0)
Avatar small

Join nearly 2 million former and current members of the US military, just like you.

close