I recently received my final Civilian LES (Leave and Earnings Statement).
Since I had already received my final Pay Check/LES from Uncle Sugar, this LES contained zero pay, but it did have information vital to applying for my FERS Deferred Annuity. I’ve already covered the details of what is and is not included in a FERS Deferred Annuity here, so be sure to review your potential benefits before making the final decision to pull the ripcord. The final LES contained: Continue reading
(Post updated 3/29/2013 based on comments from GubMints reader Brad- see Comments)
I’ve received many direct and search inquiries regarding how to perform a Military Service Credit Deposit- So with much fanfare, here is the
GubMints Comprehensive Military Service Credit Deposit Guide
Note: This entire guide assumes:
1) You are covered under FERS, not CSRS’ and
2) All of your Military Service took place after 1956.
(both reasonable assumptions).
If you go to the OPM website, here’s the terse guidance they provide on how to perform a Military Service Credit Deposit:
FERS Military Service Credit Deposit
Military Service Credit for Military Service performed after 1956-
To receive FERS credit for military service performed after 1956, you must pay a deposit. The amount of the deposit is:
Dates of Service Amount of Deposit Due
Through 12/31/98 3% of military basic pay
1/1/99 through 12/31/99 3.25% of military basic pay
1/1/00 through 12/31/00 3.4% of military basic pay
1/1/01 to the present 3% of military basic pay
You must make the deposit payment for your post-1956 military service before you stop working for the government. It is paid to your employing agency. You should ask your local servicing personnel center for help in determining whether to make this payment. They can provide personalized assistance because they have your employment records.
Sounds pretty simple, doesn’t it?
Well, there’s more to it than that. Here’s the Gouge / Dirty Purples / Poop Sheet on Military Service Credit Deposit: