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Purchase of service Credit Packet This booklet contains the following documents: A Guide to Purchasing Service Credit and Repaying PriorRefunds from a Defined Benefit Plan 457/401 Participant Request
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How to fill out purchase of service credit

01
Contact the service credit department of the organization from which you want to purchase service credit.
02
Obtain the necessary forms and documents required for filling out the purchase of service credit.
03
Carefully read and understand the instructions provided with the forms.
04
Complete the forms accurately and provide all the required information.
05
Attach any supporting documents or evidence as requested.
06
Double-check the completed forms to ensure all information is accurate and complete.
07
Submit the filled-out forms and accompanying documents to the service credit department.
08
Pay any required fees or costs associated with the purchase of service credit.
09
Follow up with the service credit department to ensure the processing of your purchase is being handled.
10
Keep copies of all submitted forms and documents for your records.

Who needs purchase of service credit?

01
Public sector employees who are members of a pension plan.
02
Individuals who want to increase their retirement benefits.
03
People who have gaps in their employment history and wish to fill them for pension eligibility purposes.
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Purchase of service credit allows members of a retirement system to buy additional service credit to increase their retirement benefits.
Members of a retirement system who wish to increase their retirement benefits by buying service credit are required to file purchase of service credit.
Purchase of service credit can typically be filled out by completing the necessary forms provided by the retirement system and submitting any required documentation or payment.
The purpose of purchase of service credit is to allow members to increase their retirement benefits by buying additional service credit.
Members may be required to report personal information, employment history, payment information, and any other relevant details related to buying service credit.
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