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Published bySamantha Phelps Modified over 9 years ago
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PURCHASE MILITARY SERVICE CREDIT
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ELIGIBILITY Enrolled in USMC NAF Retirement Plan. Not receiving or not expecting to receive a military retirement. Have not previously applied for and/or received mil buy credit under another retirement system. Have not previous declined mil buy Military Service was active duty. Honorable service.
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REQUIREMENTS Statement of Election Eligibility Checklist DD214(s) Estimated Earnings from DFAS Earnings are not required for initial application request
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DEADLINE Employee must apply within 90 days from enrollment in the USMC NAF Retirement Plan. Forward all required documents to MRG
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COST 5% of Estimated Military Earnings Plus 5% interest compounded annually if payment commences 2 years after application.
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PAYMENT 30 days from notification by MRG Lump Sum Biweekly payroll deductions $50 minimum Not to exceed two years.
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Credited SERVICE Credited service is reflected after paid in full. Service is used in calculation of the participant’s annuity.
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VESTING Military Service Credit may not be used toward vesting. Questions? Mary Anne Skinner 703/432-0438
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