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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.
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