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- To convert military pay to civilian pay, you have two options1:
- Forfeit military retirement pay and buy into the federal retirement plan.
- Not to buy in, and to start fresh with federal service with no credit for time served in the military. This means you start from year zero as a federal employee and begin building creditable civilian service toward federal retirement while maintaining your military pension.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.You have two options:
- Forfeit military retirement pay and buy into the federal retirement plan.
themilitarywallet.com/earning-military-pension-civil …When you’re ready to retire, you must submit a waiver of your military retired pay to the appropriate military finance center 60 to 90 days prior to the effective date of your civilian retirement. If you fail to waive your military retired pay, OPM will refund the deposit, with interest if you are FERS, without if you are CSRS.www.fedweek.com/retirement-financial-planning/co… - People also ask
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