Answer: We are not a granting authority for Military Reserve Retirement Points. The awarding of points is solely at the discretion of your military branch, but check out the link at the left for more details. Many of our courses have earned military reservists valuable points.

Members who accumulate a minimum of 20 years creditable service are entitled to receive a military retirement at age 60. Your retirement pay is based on your rank, years of service, and total retirement points accumulated.

Yes. Provided you can complete 20 years of total military service by age 60, including service in any branch, your Guard time will be added to your prior military service and count toward your retirement benefits.

Many of our clients are military personnel. We help plan for retirement by using pension calculations, household expenses, cost of living increases, spousal benefits, and current investment savings to paint a picture of and estimate what needs to be done to plan for retirement.

Answer: You may change your fund allocation within Fidelity or TIAA-CREF simply by calling their customer service number, or you may establish a PIN (personal identification number) online and make changes directly on the Fidelity Web site or TIAA-CREF Web site. Answer: If you are interested in taking a course that is scheduled during your regular work day, your department chair or supervisor must sign your Tuition Remission form in order for the benefit to be approved.

Due to the fact that the written exam is scored on a pass/fail basis, no additional points are awarded. However, special skills, training, experience, and education will be taken into consideration. We are an equal opportunity employer.

Employees covered under the Federal Employees Retirement System (FERS) may receive credit for post 1956 military service only if he or she deposits with the employing agency a sum equal to three percent (3%) of the military basic pay he or she earned during the period of military service, plus interest. Interest begins two years after appointment. Active duty in the military service is counted for annual leave accrual purposes.

I am in a pickle, I need to know for sure that if I want to count my military time toward my federal retirement do I need to buy it back or not? I have had conflicting reports on this matter, from if you do not plan on drawing social security you do not need to buy it back to you can count your military time toward a CSRS retirement with out having to pay it back until you reach social security age.

If you meet all eligibility criteria you may be eligible to receive WRS creditable service for up to 4 years of active military service. A Military Service Credit brochure is available that provides detailed information about eligibility for military service credit in the WRS.

ANSWER: Interested civilians can indeed obtain CICP points for SPDP classes (you can earn 1 point for each distance learning class, and 2 points for our one in-residence course).

Yes. If you have served in any branch of the United States military you may be eligible to purchase up to four (4) years of military service credit in FRS. In order to purchase your military service you must have been “honorably” discharged. (Please complete an Application for Purchase of Military Service Credit). (See forms) Board Members ] [ Our Staff Members ] [ Publications ] [ Handbook ] [ Benefits ] [ Finance ] [ Investment ] [ FAQs ]

Answer: Enroll as an employee during open season. BENEFEDS, which handles all FEDVIP enrollment and premium administration functions, will work closely with agency payroll offices and retirement systems to "find" FEDVIP enrollees who retire on an immediate annuity and deduct the FEDVIP premiums from their annuity payments. It may take a few annuity cycles for this to occur.

Answer: Your required contribution and the University's contribution to the Boston University Retirement Plan are not accessible to you for any reason prior to age 65, while you are employed at the University. However, you may withdraw funds from your Supplemental Retirement and Savings Plan to purchase your primary home. You will be required to pay a 10% tax penalty plus ordinary income tax on any funds withdrawn prior to age 59½, per Internal Revenue Service regulations.

Answer: Points are a fee paid to the lender when you close your loan. 1 point is equal to 1% of your loan amount. For example, 1 point on a $100,000 loan is $1,000 ($100,000 * 1%). The first point you pay is usually referred to as an origination fee. This is the compensation that the lender receives for originating (processing) your loan. Additional points are usually referred to as discount points. They are called this because you pay them to "discount" your interest rate.

Answer: Select your area of Armed Forces in the state pull down when entering your address during checkout. You will have three choices: Armed Forces, Armed Forces America, or Armed Forces Pacific. If this is selected, you will be allowed to enter a P.O. Box in the ship to address field.

It depends. If you have questions about military life or if you are interested in joining, I will try to help you as much as I can. If you have a question about my personal career, you are out of luck unless I know you personally. I've said everything I want to say here.

Military retired pay is a defined benefit program. This means that the benefit you receive from the military retirement system is based on your years of service and the rank you hold at the time of your retirement, rather than on the amount of your contributions and earnings. The TSP, on the other hand, is a defined contribution plan. The balance in your TSP account will depend on how much you have contributed to your account during your working years and the earnings on those contributions.

Yes. In order for a former spouse to receive payments directly from the Defense Finance and Accounting Service (DFAS), the member and former spouse must have been married for 10 years during which the member was performing military service creditable towards his/her retirement. In other words, if the marriage did not last for 10 years which coincide with 10 years of military service on the part of the member, DFAS will not honor an order awarding benefits to the former spouse.

The Military Retirement System will begin distributing benefits to the Former Spouse when the Member retires and begins receiving benefits.

Benefits will paid by the Military to a former spouse for the lifetime of the member. Therefore, upon the member's death, all payments to the former spouse will stop. However, if the former spouse was awarded a survivor benefit plan annuity (SBP), then upon the death of the member, the survivor annuity will become payable to the former spouse. No. Only one person can be designated as the beneficiary for the survivor benefit plan annuity.

Maybe. For military retirement it generally depends on how long you were married. Military retirement or civilian pensions may be divided between spouses in an action to partition property. But, you need to discuss these issues with a lawyer before filing for a divorce. For a military pension, try to find a lawyer who regularly handles that kind of case.

Yes. A person can receive credit as long as their knowledge has been documented or verified through recommendation by the American Council on Education (ACE) for military training as being of college level and appropriate for their degree program.

Courses 800, 900 and 450 have CATS points. Course 800 has 20 points at Level 2, Course 450 has 20 points at Level 3.

Your Military Science credits will count toward your total hours for graduation, but will not take the place of any required courses. They do consider Military Science Courses as electives though. You will also be granted up to 50% of your health/fitness requirement through completion of ROTC.

Answer: Owning a computer is strongly recommended. If you do not own a computer, you must have daily access to one. In several core courses, students will be utilizing Blackboard and responding to, and providing, e-mail correspondence several times each week. The t-DPT program uses email as its main way to communicate with the students. There is also one required online course in the program.

Answer: Yes, we have several on-line courses. During summer sessions one and two, we try to offer a wide selection of on-line course to accommodate our working students. We may also offer on-line course during winter session.

One point is equal to 1% of the loan amount. This amount, like the interest rate, can vary. You can "buy" the interest rate down to a lower rate by paying more points.