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To help you make a decision on whether or not you would like to buy back your military service time, use the new Military Service Earnings/Buy Back Estimator tool. This tool will project your estimated earnings and the estimated cost of buying back your military service time.
MyFEDBenefits offers a military buy back calculator and guidance on how to buy back military time to help increase your federal retirement benefits.
If you’re currently a civilian employee who was previously enlisted in the military and were honorably discharged, you may be eligible to buy back your military service time to be added to your years of civil service with the government.
Effortlessly calculate the value of military service time with the Military Time Buy Back Calculator.
If you, a family member, or colleague need help buying back your military time to apply towards your career and retirement benefits, take the first step today: use the military buy back calculator to calculate the cost of your military service deposit, and then request a Buyback Blueprint™.
By understanding how many days of military time you can buy back, you can make informed decisions about your retirement benefits and potentially increase your pension. This calculator simplifies the process, making it easier to plan for a secure financial future after your military service.
Utilizing a Buy Back Military Time Calculator involves entering essential details such as military service years, military base pay, and the applicable interest rate. The calculator then provides an estimate of the total cost required to buy back the military time.
Buying back your military time to count towards your Federal Retirement might make sense for you. Learn the basics of Military Buyback for federal service.
Creditable Military Service Buy-Back for FERS. Federal employees who are veterans can receive retirement credit for military service once they make a deposit into a civilian annuity covering their military service. The deposit will be processed through your agency’s Personnel or Human Resources Office.
How to Use: Using the Buying Back Military Time Calculator is simple. Follow these steps: Input the number of years of military service. Enter your current annual income in dollars. Click the “Calculate” button. The estimated cost to buy back military time will be displayed.