Military Service Credit Deposit

TMW_Podcast

Special thanks to Ryan Guina over at The Military Wallet for featuring me on Military Wallet Podcast #21!.

I especially enjoyed chatting with Ryan and sharing my experiences calculating the value of a Military Service Credit Deposit for Federal Employees.

Ryan put in some extra efforts to make this podcast episode happen, including some post-production to clean up the Skype audio during the last few moments of the discussion.

You can find the podcast here (be sure to leave Ryan a review/star rating on iTunes).

Enjoy!



It’s been a busy last  few weeks.

Posts have been a bit light as I’ve spent my efforts on fighting a malware attack on the blog (more about this later).   This focused my time on the administrivia of running the Gubmints blog instead of providing good content.  But don’t worry- There’s plenty more to come.

I’ve been receiving lots of inquiries about how to calculate a Military Service Credit Deposit to ensure proper calculation of the FOUR Service Computation Dates for federal employees.    I decided to model the Gubmints SCD Audit service and pricing similar to the Service Record Audit that Association of the United States Navy (AUSN) provides to its members who are up for a promotion board (I had my service record audited prior to my O-5 board and was very happy with the Navy Service Record Audit provided by AUSN).

For those of you Feds who are Veterans, I’m offering a new service to calculate and/or Audit your Military Service Credit Deposit.  I’ll do this both for veterans with Full Retirement (20+ years Active Duty) or discharged Veterans with a DD-214.

You can find out more about the Military Service Credit Deposit audit service by clicking ‘SCD Audit‘ above in the Navigation Bar.  Feedback is always welcome!



I just met up with a colleague this past weekend who works at the Treasury Department.  He’s a fellow Veteran and has a few questions about performing a Military Service Credit Deposit.  We’ll call him ‘Bill’.

Just one quick question. If I leave Treasury after say 2 years, will I still draw a pension? Or do I have to finish a full 20 years of service?

Bill –

There are 2 issues here-  First is the Eligibility to draw a FERS Annuity, Second is how many years go in to the FERS Annuity Calculation. Continue reading