Purchasing Service Credit

When planning for your retirement, you have the option to purchase service credit so that you may be able to do one or more of the following:

  • Receive a higher benefit amount
  • Retire earlier
  • Receive a larger health care subsidy in retirement if you enroll in PERACare

Your eligibility and cost to purchase service credit is dependent on several factors including:

  • The date your current membership began
  • Your Highest Average Salary (HAS)
  • The type of purchase you are making
  • Your age at the time of purchase

All service credit purchases must be completed before you retire or leave Colorado PERA-covered employment.

You may apply online or by using the application in the Purchasing Service Credit booklet.