I'm getting ready to retire from the military with 23 years and probably 50-70% disability. One option is to start a GS-13 job under the FERS system. If I do 10 years as a GS employee, can I retire and receive all three at full value (Military/Disability/FERS)?
Also, I've been told that I can buy back my 4 years at West Point towards the FERS retirement. Does anyone have any info on how this works? Can I do 1 year as a GS, buy back the 4 years and have a total of 5 years towards FERS retirement after only one year of service?
Is your profile correct? It doesn't seem to match up with your post.
God and the soldier, All men adore, In time of trouble, And no more; For when war is over, And all things righted, God is neglected - The old soldier slighted.
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Currently you will get CRDP to cover part of the VA wavier. You will also get the remaining of your DOD retirement and the VA pay is tax free. I can not answer for FERS but if I remember there are rules that are more complex than you have been described. I did find this.
Crediting Military Service for CSRS/FERS When You Are Receiving Military Retired Pay
You cannot receive credit for any military service in your CSRS/FERS retirement computation, if you are receiving military retired pay, unless you were awarded the retired pay:
* On account of a service-connected disability either incurred in combat with an enemy of the United States or caused by an instrumentality of war and incurred in the line of duty during a period of war,
However, you can elect to waive the retired pay and have the military service added to your civilian service in computing your CSRS/FERS annuity.
Are you National Guard Technician/Civil Service already?
When I retired from the Guard, I had a legitimate military-associated disability, but I was told that whatever disability I might draw would be deducted from my retirement, and/or social security; thus, no "double-dipping". So I made no attempt to get the disability, leaving my military retirement simple and intact, avoiding chances of deductions and additions getting screwed up...
It can get very complicated in those types of things. I'd suggest you get with a financial officer who really knows what is going on with Military Retirement, Civil Service Retirement, Disability Payments, and Social Security and get it all down clear and cold. The government will only throw money at you from 4 different directions if you have initials like AIG. For the rest of us, they take money out of one pocket and move it to the other, but the amount won't rise, and most likely might go down with transaction charges. And if you get over-paid by their screw-up, they take it all back in Spades as if it's your fault. So again - get with a finance officer and get it all clear and straight - -
Wandering and Wondering
I posed my question to OPM and you should probably do the same. They have experts who can provide an exact/correct answer- this is a complicated area and rules change.
I am a FERS employee, gray area retiree and receive a VA disability payment. The OPM told me the disability payment is totally separate from my FERS- even if I subsequently receive a FERS disability retirement due to the same condition.
I retired with 20% disability. Since retirement I went to work as a GS9 for the Dept of the Army. Retirement is NOT effected by civil service as a GS or NSPS employee and you do not need nor want to buy back your time. If you do you will stop getting your retirement check. I drew my retirement check form the Army. I drew my pay check from t he DOD as a GS9 but had to start out as a NEW employee. It was not that bad. I only got 4 hrs of leave per pay period vs 6 or 8 hours, but I was getting my full retirement. Once my disability went to 70% I was drawing my Army retirement, Army disability and my GS9 pay. It is not double dipping. One career ended and I get pay for it. A new life and career started and if you stay long enough you get that retirement. No different than working for the railroad for 20 yrs, then working for the Gov for 20 yrs then getting both retirements. And if your disabled you get that as well. You earned it!
What type of retirement will you get when you retire from your GS position? Are you under FERS? Thanks,
Yes you can get money from 4 different directions. I retired from the USN with 20 years and received 30% VA Disability which was subtracted from my retirement. I went civil service and retired after 17 years at age 55. I chose to combine my military and civil service time for retirement pay calculation which because of a loop hole in the law allowed to get my VA on top of full combined service and civil service retirement. Then at age 62 I took social security at a slightly reduced rate because of already being on a government funded retirement. Now I get combined service and civil service retirement, full VA 30% disability, and social security. I never dreamed in '53 when I joined for about $75 a month that 44 years later I would be making more money retired than I ever made working.
It is more complicated now because of FERS (I was CSRS), concurrent receipt, and later age drawing of social security. But yes, I believe you can draw all 3 at age 55 and then draw SS on top at a later date.
I'll add my comments. I had 14 years Ad and 8 yrs in the USAR. Worked for the Post Office for 15 years and retired. I paid off my 14 years of AD into the Postal retirement system, so when I retired from the PO I was credited with 29 years federal service. I began collecting military retirement pay (E8) at age 60 and Social Security at 65 even though 66 was my max year for $$. I could have worked to 70 1/2 and received as I recall about 4-5 hundred more bucks a month. I did not sign up for Medicare Part 2 so I lost my Tri-Care eligibility.I kept my Postal Health Care Plan so I wouldn't have to deal with the Gov't programs or VA. My spouse is still covered by Tri-Care and my plan. In essence I'm triple dipping as they say. Actually worked out better than retiring with 22 years AD with the total benefits involved.
Rich 87, I forgot to mention that all AD time up to a full 20 year retirement can be paid into the FERS system and count as active federal service for retirement, So, yes,your 4years at the Academy will count per the example you gave.10 years work will get you 14 years FERS retirement when your'e eligible. CSRS people did not pay into the SS system that is why they can not use this rule but their retirement pay is higher since they can not get Social Security. I should say I am aware of people who took CSRS retirement and continued to work to acquire enough quarters to gain SS retirement later. These were non military types.
There's no shame in earning a nice retirement. I am a 21 yr AF retiree, now FERS GS11, with 30% comp. When I retire, it's not "dipping". I earned every penny of it. We all paid into SSA so if anyone complains, I set them straight!
I'm a 22 year AF retiree myself, currently a FERS GS11, and I receive a 50% disability. When I retire, I will have my disability pay, AF retirement pay, FERS, however much I contribute to TSP, and SS. The only thing I'm wondering about is I have heard that Uncle Sam says you can only receive so much of an income for a pension and they will actually reduce your amount of SS if it puts you over the amount they limit you to. I don't know if there's any truth to this or not, but this is what I've heard. I hope it's wrong!
|Lead Moderator, Veterans Issues & Education |
If your income is over a certain amount, part of all of your social security is taxable.
i draw retirement from fers,ss,navy ret and va disaility.ss is not affected as ss is not paid on your retirement just fed tax.csrs ret. does have an offset to your ss.
As one who retired from the military and currently works for a government agency, unless you are an O-6 or better you are not going to start out as a GS-13. I retired a E-8 and started out as a GS-9 and I was exteremely lucky. Most enlisted start out as a 5 or 7. Where do you get the idea you are going to start out as a 13? No way no how.
My boss who retired an Army Colonel started out as a GS 12 and it took him 5 years to be promoted to 13. You seem to think 13's grow on trees. They don't.
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It is not true that one "No way no how" can enter civil service at the GS-13 level. I know retired E-7's who entered at the GS-13 and even 14 level. Because of new rules, you can even enter at the 8 hour leave rate per pay period. Check with REAL HR people for wherever you are seeking employment and get the facts. Don't take a chance on your friends or someone on a board giving you bad information that could hurt you in the long run.
I am not quite sure you are correct in that you will give up your retirement check if you buy back your military time. That is only partially true. I made the mistake of listening to someone tell me that when I first entered civil service therefore, I chose not to buy it back at that time. I subsequently found that had I bought back my time, I would still receive my retirement pay until I retired from civil service. At that point the two would be combined and I would only receive one check. For me to buy it back now, after 16 years, it will cost me close to $18K, but I could walk now with no penalty and 36 years service. If I want to keep both checks, I must work to age 60 to get my full FERS benefit, because I entered civil service at age 40. I can then retire and draw both. I recommend anyone who has questions to check with a competent HR specialist that HANDLES these type of situations on a frequent basis. First, I would recommend going to FEDCALC.com and do the workup on your own. Then go to HR and have them crunch the numbers for you as a sanity check. Then decide if it is worth combining the two (if you are in a situation like mine). I entered CS right after retirement and had 3 years to buy-back my time without any interest acruing. I should have done it then.......Hindsight is 20/20 but getting the correct information from the right person could be considered priceless.
I have to say something about Mr Hater, screen name RetiredSC5, don't come on here acting like your poor planning and lack of career is the same for everyone. just because you can't write a resume or perform well at interviews and as an E8 could only get a GS9 job doesn't mean it is the same for everyone. I'm retiring an E6 and am awaiting to start my new job as a GS11. I guess I was better prepared and more educated than you. People, don't think you have to settle for low GS level jobs. Experience, college education, well written resumes, and practiced interview skills will get you a job. Don't just rush into the first job your offered because you're scared nothing else is out there.
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