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PURCHASE MILITARY SERVICE CREDIT ELIGIBILITY Enrolled in USMC NAF Retirement Plan. Not receiving or not expecting to receive a military retirement. Have.

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Presentation on theme: "PURCHASE MILITARY SERVICE CREDIT ELIGIBILITY Enrolled in USMC NAF Retirement Plan. Not receiving or not expecting to receive a military retirement. Have."— Presentation transcript:

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2 PURCHASE MILITARY SERVICE CREDIT

3 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.

4 REQUIREMENTS Statement of Election Eligibility Checklist DD214(s) Estimated Earnings from DFAS Earnings are not required for initial application request

5 DEADLINE Employee must apply within 90 days from enrollment in the USMC NAF Retirement Plan. Forward all required documents to MRG

6 COST 5% of Estimated Military Earnings Plus 5% interest compounded annually if payment commences 2 years after application.

7 PAYMENT 30 days from notification by MRG Lump Sum Biweekly payroll deductions $50 minimum Not to exceed two years.

8 Credited SERVICE Credited service is reflected after paid in full. Service is used in calculation of the participant’s annuity.

9 VESTING Military Service Credit may not be used toward vesting. Questions? Mary Anne Skinner 703/432-0438


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