Buy Back Military Time Calculator at Buying

Buy Back Military Time Calculator. This tool is intended as an estimate and the best way to determine an exact amount is to follow the steps below. 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.

This tool will project your estimated earnings and the estimated cost of buying back your military service time. You can make a deposit for creditable federal employees retirement system (fers) service you performed before 1989 during which retirement deductions were not withheld from your pay. You can begin calculating what effect buying back your military time will have on your retirement eligibility by verifying the date your military service ended.

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How to “buy back” your military time: In order to create a service purchase estimate or cost, please select the type of service you are interested in purchasing, the retirement system in which you are making the purchase, and the period of time which you are requesting to. The buy back process must be completed prior to filling out their retirement papers for processing. Account, you may be eligible to buy back the service credit that was refunded to you.