New York State recently extended the ability to purchase military service credit to all veterans who are members of the New York State retirement system. The new law will allow all honorably discharged veterans to buy back up to three years of their military service to credit their pensions for military service performed. Effective immediately, the law includes all who have been honorably discharged rather than those who have served in certain military campaigns. Because the new law removes the combat requirements, women veterans who were previously ineligible will qualify for the military buyback. For more information, visit the New York State Comptroller website.
For more on military retirement, see this Military.com Military Retirement System Overview.
