Military Service Earnings Buy Back Estimator [ PLUS – 2024 ]
Every year of military service bought back increases your annual pension by 1% (or 1.1% if you retire at 62+) of your "High-3" average salary.
You have a 3-year grace period from your federal start date before interest begins to accrue on the buy-back amount. Start the paperwork early to save thousands in interest! 🧮 Military Service Earnings Buy-Back Estimator military service earnings buy back estimator
Generally 3% of your total military base pay (plus interest if you wait too long). Every year of military service bought back increases
Take those certified earnings to your federal agency's HR/Benefits office. Multiply that by
Take your projected federal (the average of your 3 highest-earning years). Multiply that by .01 (1%). Multiply that result by your Years of Military Service .
📢 Veterans in Federal Service: Are You Leaving Money on the Table?