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 a job covered under PERA.
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