Can I Get FERS and Military Retirement?
Federal employees are eligible to receive Federal Employees Retirement System (FERS), which provides a pension benefit. Additionally, some military members and veterans are also entitled to Military Retirement, also known as the Veterans Administration Pension Benefit. If you are a federal employee or veteran, you may wonder: can you receive FERS and Military Retirement concurrently?
Can I receive both FERS and Military Retirement?
In many cases, the answer is yes. There is no strict prohibition on receiving both FERS and Military Retirement, but it ultimately depends on individual circumstances and specific benefits. The interplay between these two pension systems can be complex, and this article will delve into the details to provide guidance on this critical issue.
How Does FERS Work?
Federal Employees Retirement System (FERS) is a multi- tiered plan comprising:
• 1% employer contributions made while an employee is covered
• Social Security and FERS Disability contributions, as well as benefits payable based on earnings from that date to retirement date or 1952’s Retirement date for non-social-security beneficiaries.
FERS, along with military service credit, has led to pension reform within 1970-81 of this report, giving credit to an active
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