Buy Back Military Time at Buying

Buy Back Military Time. But, if they make the decision to buy back their military time of 5 years of honorable service, they're estimated pension will be $2,085 per month (an increase of $297 per month). For fers employees, the military deposit equals 4% of military base pay, plus the applicable interest.

This tool is intended as an estimate and the best way to determine an exact amount is to follow the steps below. We take $100,000 x 1% x 25 years in service = $25,000 annual fers pension. If we factor in the assumption of living to the age of 90, that adds an additional $99,972 to their total lifetime pension earnings.

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If a deposit is made, the employee will receive credit. How to buy back military time for federal retirement. If you decide to buy back your military service time, you will have to write the government a check for 3%* of the base military pay you earned while you were in the military, or have the amount withheld from your future paychecks. If you have waited several years, your interest.