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Started By
Message
buying military credit for pension
Posted on 3/14/22 at 1:31 pm
Posted on 3/14/22 at 1:31 pm
It cost $300 to have an actuary determine the lump sum cost to purchase 4 years towards retirement credit. Is there a rough idea on how to calculate that sum before paying the actuarial fee?
5
Posted on 3/14/22 at 3:11 pm to purpngold
Are you a federal employee buying your military time back?
Posted on 3/14/22 at 3:39 pm to purpngold
Can you be more clear? I'm retired military and I have no idea of what your talking about.
Posted on 3/14/22 at 7:39 pm to purpngold
Be more specific. If you are a fed, no need to spend money on an actuary. Just send DD214 to OPM in accordance with the instructions that can be found on google.
Posted on 3/14/22 at 8:34 pm to purpngold
(no message)
This post was edited on 10/26/22 at 12:45 pm
Posted on 3/15/22 at 10:21 am to purpngold
Bought back 7 years here at the Post Office via OPM, paid 3% on total amount that was earned during active duty. No regrets, this will allow me to retire sooner.
Posted on 3/15/22 at 4:13 pm to DUKE87
quote:
Are you a federal employee buying your military time back?
No...state
Posted on 3/16/22 at 9:10 am to purpngold
quote:
No...state
Same boat as you. What advantage do you get for buying back military time as opposed to just buying time? From everything I've read, it is basically the same thing. Am I missing something?
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