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The requester must complete blocks 1 through 10 and block 19. Visit the Defense Finance and Accounting Service website for the address to send this form and request your earnings at www. dfas. mil/civilianemployees/customerservice. 1. Name Last first middle 2. Other names used 3. Social Security Number 4. Date of birth mm/dd/yyyy 5. All military service numbers 6. Branch of service The uniformed services must provide Federal employees estimated basic pay for military service they performed afte ...

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Where do I send Form RI 20-97?

a. You must complete an RI 20-97, Estimated Earnings During Military Service, and mail it to the appropriate military finance center (see attached listing), with a copy of all DD Forms 214.

Is it worth buying back military time?

Another benefit to buying back military time is that in addition to the higher retirement pension, you may be eligible to retire sooner. So if youre right on the cusp of being eligible to retire buying back your military time might make you eligible to retire sooner than you had thought.

What is a form RI 20-97?

RI 20-97: Estimated Earnings During Military Service.

How do I buy back military time for federal retirement?

Creditable Military Service Buy-Back for FERS Federal employees who are veterans can receive retirement credit for military service once they make a deposit into a civilian annuity covering their military service. The deposit will be processed through your agencys Personnel or Human Resources Office.

How do I calculate my military buyback?

Take the amount of military base pay you received during your service, and multiply that amount by a percentage: CSRS use 7%, but FERS use 3%.

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How much will it cost to buy back my military time?

So basically you need to add up every years basic pay and multiply that by 3%. Heres an example. Note: Your Basic pay does not include allowances, flight pay, combat pay, etc.

How many years of military service can I buy back?

How to Buy Back Time Without Interest? The government offers a grace period of 2 years from the day you started your civilian job to pay back your time without interest accruing.