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  • Ri 20 97 Instructions 2018

Get Ri 20 97 Instructions 2018-2025

ESTIMATED EARNINGS DURING MILITARY SERVICE INSTRUCTIONS: SUBMIT THIS FORM TO THE APPROPRIATE MILITARY FINANCE CENTER FOR YOUR BRANCH OF MILITARY SERVICE. IF YOU HAVE SERVICE IN MORE THAN ONE BRANCH.

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Complete a separate Estimated Earnings During Military Service request form, RI 20-97 for each branch of service. Attach your Certificate of Release or Discharge from Active Duty, DD 214 (or equivalent), and any available records of pay or promotions to the RI 20-97 and send to the appropriate military finance center.

The DFAS cannot provide estimated earnings without verification of your active duty service. Use a separate form RI 20-97 if you had military service in a different branch of service. The uniformed services must provide Federal employees' estimated basic pay for military service they performed after December 31, 1956.

Take the amount of military base pay you received during your service, and multiply that amount by a percentage: CSRS use 7%, but FERS use 3%.

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 government offers a grace period of 2 years from the day you started your civilian job to pay back your time without interest accruing. But because interest doesn't start to accrue for a year after the grace period, in practice you actually have a 3 year grace period.

Military Buy Back Program Q&A Dates of Military ServiceAmount of Deposit Due for FERS01/01/1957 through 12/31/19983.00% of military basic pay01/01/1999 through 12/31/19993.25% of military basic pay01/01/2000 through 12/31/20003.40% of military basic pay01/01/2001 to the present3.00% of military basic pay Jan 3, 2023

The first step is generally to fill out Form RI 20-97 which you will send to the appropriate military branch. This is done to get an official record of your military time and earnings. That official record is used by your HR to give an estimate of what it will cost to buy back your time.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232