Posted on Aug 28, 2018
When would you be able to collect a pension if you served in the military and then decide to buy your time back serving in a GS Job?
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Army Reserve Elements
ETS/EAS
NGB
79S: Career Counselor
Civilian Career
Posted >1 y ago
Responses: 5
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don't waste time getting the buy back started. it used to be, if you didn't get it started before 3 years of civilian service, you would have to pay interest on top of the buy back. its definitely worth it. I have just over 7 1/2 years civilian service. with my 4 years active duty, that means I have 11 1/2 years creditable time. to collect retirement, I believe it's after 30 years. some careers (police, corrections, etc) can retire after 20 years.
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When you buy back your military in a gov. Job, it rolls into your retirement. Such as I have 10 years in the military, and I have worked in the Federal Bureau of Prisons for 23. I currently have 33 years of federal service, after 20 years you get around 1.2% added to your retirement, which starts around I THINK 30 % of your base pay. So basically I would get around 43% of my base pay, after I bought back the Military years. Then you add in your TSP "thrift savings plan" and SSI. Hope this helps.
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SGT Douglas Byrd
That depends, if you go federal LEOyou have a mandatory retirement of 57, you can draw part. Then around 62 can start with SSI others. But as usual withdrawal to early and you get penalized.
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Eligibility Information
Age Years of Service
62 5
60 20
MRA 30
MRA 10 This one is reduced 5% for every year you are under age 62.
MRA is 57
Age Years of Service
62 5
60 20
MRA 30
MRA 10 This one is reduced 5% for every year you are under age 62.
MRA is 57
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