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Get the free APPLICATION TO PURCHASE MILITARY SERVICE

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This form is used by members of the Los Angeles Fire and Police Pensions to apply for the purchase of military service time under the Public Service Purchase (PSP) Program. Applicants must submit
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How to fill out application to purchase military

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How to fill out APPLICATION TO PURCHASE MILITARY SERVICE

01
Obtain the APPLICATION TO PURCHASE MILITARY SERVICE form from the official military website or your local military office.
02
Fill out your personal information including your full name, service number, and contact information.
03
Indicate the specific period of military service you wish to purchase.
04
Provide any necessary documentation that supports your claim or eligibility for purchasing military service.
05
Review the application for completeness and accuracy.
06
Submit the application form along with any required fees to the appropriate military personnel or office.

Who needs APPLICATION TO PURCHASE MILITARY SERVICE?

01
Individuals who have served in the military and wish to buy back service time for retirement benefits.
02
Veterans looking to increase their creditable service for retirement calculations.
03
Members of the military seeking to enhance their pension entitlements.
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People Also Ask about

The cost to buy back your time will be based on your military base pay and when you served. The chart below shows the percentage of your basic pay that you'd have to pay to buy back your time during different years. For most years, it will be 3% for FERS employees.
The formula for how much the buyback will cost you would be the total amount of base pay received while in the military and not contributing to retirement, and multiplying this by 3% if in FERS, or 7% if in CSRS.
The formula for how much the buyback will cost you would be the total amount of base pay received while in the military and not contributing to retirement, and multiplying this by 3% if in FERS, or 7% if in CSRS.
Generally, military buyback is most beneficial for individuals who have a substantial number of military service years, as adding these years could greatly increase their benefits.
Generally, military buyback is most beneficial for individuals who have a substantial number of military service years, as adding these years could greatly increase their benefits.

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The APPLICATION TO PURCHASE MILITARY SERVICE is a formal request made by eligible individuals to buy back their military service time, allowing them to receive credit towards retirement benefits.
Individuals who have served in the military but did not receive retirement credit for that service, and who wish to include that time in their retirement calculations, are required to file the APPLICATION TO PURCHASE MILITARY SERVICE.
To fill out the APPLICATION TO PURCHASE MILITARY SERVICE, individuals must complete the application form by providing personal information, details of military service, and any necessary documentation to verify service periods, ensuring all sections are filled accurately.
The purpose of the APPLICATION TO PURCHASE MILITARY SERVICE is to allow eligible individuals to enhance their retirement benefits by adding military service time to their service record.
The APPLICATION TO PURCHASE MILITARY SERVICE must include personal identification details, dates of military service, branch of service, any documentation supporting the request, and the total amount of service time being purchased.
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