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Retirement Planning


Whether you are close to federal employee retirement or just starting out in your career, this is the place to share ideas with your federal colleagues on creating a secure financial foundation.


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DoppioCafe  
#1 Posted : Tuesday, November 20, 2018 4:26:22 AM(UTC)
DoppioCafe

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I'm one year into my federal service. I have 8 years military service. I wanted to buy back my military service. But the problem is, I'm medically retired. I've address this with my CPAC, and they said I can't buy back as I'm already retired. However, i don't receive a retirement check (money) for my military retirement. I don't receive anything actually, except medical benefits which I can get with my federal employment anyway (or VA, as my VA rating is well above my retiree rating). So, down to my question. Does anyone know a waiver, or any process on how I may be able to buy back my military time? Is renouncing a retirement an option? That may sound silly, but I get nothing from being a retiree. Really just an ID card. And I'd rather just complete 11 more years of service (or have that option) instead of a full 20. (of course, who wouldn't?)

frankgonzalez  
#2 Posted : Tuesday, November 20, 2018 4:46:37 AM(UTC)
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Originally Posted by: DoppioCafe Go to Quoted Post
I'm one year into my federal service. I have 8 years military service. I wanted to buy back my military service. But the problem is, I'm medically retired. I've address this with my CPAC, and they said I can't buy back as I'm already retired. However, i don't receive a retirement check (money) for my military retirement. I don't receive anything actually, except medical benefits which I can get with my federal employment anyway (or VA, as my VA rating is well above my retiree rating). So, down to my question. Does anyone know a waiver, or any process on how I may be able to buy back my military time? Is renouncing a retirement an option? That may sound silly, but I get nothing from being a retiree. Really just an ID card. And I'd rather just complete 11 more years of service (or have that option) instead of a full 20. (of course, who wouldn't?)

1st, your CPAC are morons. As a military retiree with 22 years of service I can buy back all my time if I wanted to (did the math...I need to make SES in the next 3-5 years before the payback becomes worthwhile- barely! I don't plan on trying for SES. It may happen, but it is not something I am actively looking at!). You need to get with DFAS to see what your salary was during your 8 years. (https://www.dfas.mil/civilianemp...edeposits/estimator.html to start).

2nd. If your CPAC insists you can't do it, ask to speak to a supervisor or someone with a clue.

You should have voted Cthulu...the greatest of all Evils
thanks 1 user thanked frankgonzalez for this useful post.
DoppioCafe on 11/20/2018(UTC)
DoppioCafe  
#3 Posted : Tuesday, November 20, 2018 4:52:39 AM(UTC)
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Wow, thank you for the quick advice! I will certainly reinvigorate this with my CPAC.
TheRealOrange  
#4 Posted : Tuesday, November 20, 2018 7:11:39 AM(UTC)
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Originally Posted by: DoppioCafe Go to Quoted Post
I'm one year into my federal service. I have 8 years military service. I wanted to buy back my military service. But the problem is, I'm medically retired. I've address this with my CPAC, and they said I can't buy back as I'm already retired. However, i don't receive a retirement check (money) for my military retirement. I don't receive anything actually, except medical benefits which I can get with my federal employment anyway (or VA, as my VA rating is well above my retiree rating). So, down to my question. Does anyone know a waiver, or any process on how I may be able to buy back my military time? Is renouncing a retirement an option? That may sound silly, but I get nothing from being a retiree. Really just an ID card. And I'd rather just complete 11 more years of service (or have that option) instead of a full 20. (of course, who wouldn't?)


Here's a link to the service credit deposit information (military service credit is about half way down the page): https://www.opm.gov/reti...ormation/service-credit/

Here's a link to information about crediting military service when you are receiving retirement pay, which also includes DFAS contact information: https://www.opm.gov/reti...on/military-retired-pay/

Best of luck!

thanks 1 user thanked TheRealOrange for this useful post.
DoppioCafe on 11/20/2018(UTC)
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