| Yesterday, I mentioned several options one can | | | | position. Payment would be made to your |
| take to "deal" with their TSP account after | | | | employing agency, which can provide you with the |
| separating from the military. Well, if you still want | | | | form needed to begin the process. |
| a fair pension (if you separated before the | | | | So another words, you can get back those years |
| twenty years is up) there is a option for | | | | you spent in the service and apply it to your civil |
| everyone out to receive one. If someone joins | | | | service system retirement!! |
| the Civil Service, (i.e. government employee) one | | | | Also, there are several States that will let you |
| can "buy back" his/her military service time and | | | | buy back several months of military time if you |
| apply that to the federal governments retirement | | | | work for them as a state employee. I know the |
| system. | | | | state of Texas does this. Do some research and |
| What does the phrase "buy back" mean. | | | | discover if your state lets you "buy back" military |
| A person literally puts down a deposit which is a a | | | | service for retirement!! |
| percentage of your base pay (not allowances) for | | | | Now if receive the 20 year pension from the |
| each of those years you were in the military. | | | | service one needs to choose between buying |
| Under the Federal Employees Retirement System | | | | back those 20 years and not receiving the |
| (FERS), the deposit amount is 3 percent for all | | | | pension or receiving the pension and starting from |
| service prior to Jan. 1, 1999, 3.25 for the year | | | | square one with the Federal government. |
| 1999, 3.4 for 2000, and 3 percent for all | | | | Here are a few calculators I found that will help |
| subsequent years. No interest is charged if you | | | | you decide to buy back your time. |
| complete your deposit before the second | | | | In short, this may be a way to go for some |
| anniversary of your entering a FERS-covered | | | | newly separated veterans of the USA Military. |