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Do I Qualify for North Carolina Bailey Settlement
Hello, Moved to North Carolina last year, first time filing as NC Resident. I am trying determine if my FERS retirement qualifies for the NC Bailey Settlement. Here's my situation:
- I started working for the Federal Government as a FERS employee on 4 Nov 1987. Contributed to my TSP immediately and received matching funds.
- I also had 4 years of active duty military with Honorable Discharge 1976-1980. I was able to 'buy in" these four years o my service and retired Dec 2017. My retirement was calculated using 4 November 1983. So I am collecting slight more than 34 years retirement pay (they used 4 November 1983 through 30 December 2017 to determine my retirement pay).
- Buying those 4 years of military time seems to get me the 5 years of creditable service prior to 12 August 1989 since my retirement is calculated using 4 November 1983. Am I correct?
- Finally... is there any paperwork that NC needs to verify I qualify (assuming I do). I see nothing on my 1099-R that would address this one way or the other.
Thanks!