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Thanks for replying. I have questions. Is your MRD and MRA close? How are you bridging the gap until you draw both pensions? Plans after you retire? Will you work after? When are you going to start social security? FEHB or Tricare for Life? Thanks.
Not sure what MRD is, but for MRA/years of service for FERS, see https://www.opm.gov/retirement-services/fers-information/eligibility/How do I calculate MRD and MRA?
The thread leans towards the combination of Dual Status 'Civil Service and Military' and how they plan.I'm still stuck at "having to wait until able to collect my military retirement at age 60." I'm confused. Is it because you guys did not do 20 years active duty or because you were in the Reserves? I retired from the military after 20 years and started drawing my pension immediately. In another 1 1/2 years, I will have 10 years civil service and I'm calling it quits. I hope to do a lot of traveling in my time off.
It's actually 60. Adjustments are made based on participation designated in the 2008 law that allows reservists/guard to claim that time against retirement.I did 7 years active duty and now close to 12 in the reserves. Guard and reserve can start collecting at 59 1/2.
Reservists still have High Year Tenure (HYT) rules. And it's not the years that are scrutinized it's the points. Retirements are funded differently between state and federal and if some people fulfill the 7300 points, they are elligible for a federal retirement.Any active duty time can be bought back and counted towards civil service years. Even if you do 20 years you can buy back your time but it's not advisable.
I'm sure the reserves doesn't have MRD. About a year ago a guy transferred to my old reserve unit from the guard and he was at 21 years and under 1 year left on his contract. During his first drill orientation he was asked if he wanted to reenlist for 6 more years. He said it blew him away because in the guard anything over 20 is closely scrutinized for enlisted.
I did 7 years active duty and now close to 12 in the reserves. Guard and reserve can start collecting at 59 1/2. Any active duty time can be bought back and counted towards civil service years. Even if you do 20 years you can buy back your time but it's not advisable.
I'm sure the reserves doesn't have MRD. About a year ago a guy transferred to my old reserve unit from the guard and he was at 21 years and under 1 year left on his contract. During his first drill orientation he was asked if he wanted to reenlist for 6 more years. He said it blew him away because in the guard anything over 20 is closely scrutinized for enlisted.
It's actually 60. Adjustments are made based on participation designated in the 2008 law that allows reservists/guard to claim that time against retirement.
Reservists still have High Year Tenure (HYT) rules. And it's not the years that are scrutinized it's the points. Retirements are funded differently between state and federal and if some people fulfill the 7300 points, they are elligible for a federal retirement.