And they earn eight hours of leave with 15+ years of service. FERS employees with between three and 15 years of service earn six hours of leave per two-week pay period. Buying your military service credits changes your service computation date in your favor, allowing you to accrue leave at a high rate upon entering the FERS system.įor example, members under the FERS system accrue four hours of annual leave per two-week pay period for their first three years of service. Under the FERS system, employees' leave dates are based on the date they entered federal civil service. Veterans who buy back their military service credits will see a change in their Service Computation Date for Leave. Increased Leave Accrualīuying your military service may give you an immediate 50% to 100% increase in your leave accrual rate. ![]() Read this article for more information or speak with your human resources department if you are retired from active duty. That said, there can be additional benefits for active-duty retirees who served in named conflicts. However, you cannot receive credit for the same periods of service if you receive an active-duty military retirement pension and a FERS pension. *Note: You can receive dual credit for the same period of service if you retire from the Guard/Reserve and the FERS system. This allows you to buy retirement credits based on your lowest years of pay and receive retirement benefits on your highest years of pay. The FERS retirement is based on the average of your high-three years of pay, which are typically your highest-earning years of service. You can buy your military service credits at a rate of 3% of your active-duty base pay at the time you served, not your final pay grade, with the exception of military service during 1999-2000, which has a slightly higher buyback rate ( more info).īuying service credits works in your favor, since your early military years are generally the lower-paying portion of your career. This equates to an earlier retirement and increased FERS pension. Each year of military service that you buy back is applied on a one-to-one basis toward your FERS retirement. Buying military service credits allows you to apply your military time toward the FERS pension system and gain other benefits. Veterans with active-duty service time may be eligible to buy military service credits after they join the civil service. But all things being equal, Veterans Preference Points can help veterans get hired faster. ![]() The veteran must still apply for the job, interview and be qualified before being hired. This doesn't mean that veterans will always be hired for all available job openings.
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