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?

SSG Private RallyPoint Member — Tue, 28 Aug 2018 17:28:19 -0400

Response by CW5 Jack Cardwell made Aug 28 at 2018 6:04 PM

CW5 Jack Cardwell — Tue, 28 Aug 2018 18:04:43 -0400

GS pension or military?

Response by CSM Darieus ZaGara made Aug 28 at 2018 8:05 PM

CSM Darieus ZaGara — Tue, 28 Aug 2018 20:05:57 -0400

It all depends on how much time you were able to buy back. The Government Agency you work for has an HR who will be able to tell you the value of the buy back and what it adds to your total retirement timeline. Thank you for your service.

Response by SGT Douglas Byrd made Aug 28 at 2018 8:15 PM

SGT Douglas Byrd — Tue, 28 Aug 2018 20:15:05 -0400

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.

Response by SrA John Monette made Aug 28 at 2018 8:25 PM

SrA John Monette — Tue, 28 Aug 2018 20:25:00 -0400

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.

Response by SP5 Peter Keane made Aug 29 at 2018 11:58 AM

SP5 Peter Keane — Wed, 29 Aug 2018 11:58:20 -0400

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