Most Popular Military Pay Articles

  • Military Pay Charts
    2017 Military Pay Charts
    Military.com
    Check out the 2017 US military pay scale charts for all ranks for active duty, as well as Reserve and Guard components.
  • Airman helping service member with paperwork
    Proposed Military Pay: Charts
    Military.com
    The military is looking at a potential 2.1% pay raise for 2017.
  • There are many financial considerations when planning for retirement
    Military Retired Pay Overview
    Military.com
    The military retirement system is arguably the best one around, but proper planning is needed to ensure you can retire comfortably
  • Marine retirement
    The Military Retirement System
    Military.com
    The following is a summary of what you need to know regarding Military Retirement pay benefits.
  • Vietnam veterans Robert Rivers and Daniel Brown
    COLA for Retired Pay
    Military.com
    Each year military retirees receive a Cost of Living Adjustment to their retirement pay. The increase is based on inflation rates.

Waive Your Military Retirement to Receive Civil Service Retirement Pay

Calculator

You cannot receive credit for any military service in your CSRS or FERS retirement computation if you are receiving military retired pay, unless you were awarded the retired pay:

  • For a service-connected disability either incurred in combat with an enemy of the United States or caused by an instrumentality of war and incurred in the line of duty during a period of war, or
  • Under the provisions of Chapter 1223, Title 10, U.S.C. (pertaining to retirement from a reserve component of the Armed Forces).

However, you can elect to waive the retired pay and have the military service added to your civilian service in computing your Civil Service annuity.


How to Waive Your Military Retired Pay

If you want to waive your military retired pay to receive credit for military service in the computation of your FERS or CSRS benefit, you should write the Retired Pay Operations Center at least 60 days before your planned retirement. Send your waiver to:

Defense Finance and Accounting Service
U.S. Military Retirement Pay
P.O. Box 7130
London, KY 40742-7130

You can "fax" your request to 1 (800) 469-6559.

Suggested wording for your request is as follows:

"I (Full Name and Military Serial Number) hereby waive my military retired pay for Civil Service Retirement or Federal Employees Retirement System purposes effective (The day before your annuity begins). I hereby authorize the U.S. Office of Personnel management to withhold from my (CSRS or FERS) annuity any amount of military retired pay granted beyond the effective date of this waiver due to any delay in receiving or processing this request."

Military News App by Military.com

Download the new Military.com News App for Android on Google Play or for Apple devices on iTunes!

Featured VA Loan Articles

© 2017 Military Advantage