Q. I was hired this month as a GS under FERS. I believe that I would like to buy back my military time (9.5 years with the Air Force) for retirement. I spoke with someone yesterday who told me that I could use 401(k) / IRA monies to do this buyback. Is this true? Where can I find the rules regarding the buy back?
A. You can only use these funds for the buyback if you withdraw them from the retirement plan account first.