you’ve never heard of buying back your military time then now is the time to learn. If you already know what it means, but haven’t started the process then it’s time to stop thinking that you’ll get around to it and get moving. The Postal Service gives the option for those who’ve served our country and received an honorable discharge to have their time served applied toward Postal retirement. Allow me to use myself as an example. I served on active duty for three years nine months and received an honorable discharge. I’ve worked for the Postal service for 26 years 3 months but after buying back my military time, I now have 30 years of creditable service. I now have 30 years of credit toward my Postal retirement and pension income. When I retire at age 56 I’ll have 37 years of combined service. The extra years really…show more content… I waited more than 20 years after hiring in to buy my time and it cost me about double the price that I would have paid had I started paying when I was first hired. You cannot buyback your military time after you retire. And it takes some time so you should not wait until you’re ready to retire. I strongly recommend you take the plunge and start the process ASAP/NOW. There’s no interest charged if your time is bought when you’re new to the Postal service. There is a 2 year grace time before interest begins accruing. The good news is even after waiting 20 years my total was only about $3600. The better news is you can use a payment plan that you design to pay it off. You can pay one lump sum, or utilize payroll deduction for as low as $25 per check. I did $50 per check. I was finished paying in less than three years. You choose the payment
