Q & A
Balancing multiple retirement planning – Military Pension, Disability, and Civil Service
Full Question: I am retired with an active-duty Air Force retirement and a Veterans Affairs Department disability rating of 90 percent. I am also subsequently going to retire from FERS civil service in a few years. Can I collect a VA disability check, active-duty Air Force retirement check and a FERS civil service retirement check?
I am returning to my FERS civilian job after a five-year active-duty tour. It will cost $8,000 to buy back those five years to bring my civil service time up to 25 years. Should I buy back those five years, or is it a waste since I will draw the other retirements I mentioned?
Answer: You would be able to receive all three. However, if you make a deposit to get credit for your active duty service, you would have to waive your military retired pay when you retired from your civilian job.
Source: Reg Jones, FederalTimes.com – February 15, 2014
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