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OFFICE OF THE STATE CONTROLLER STATEMENTED COSTS CLAIMING INSTRUCTIONS NO. 200811 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM (CASTS) SERVICE CREDIT SCHOOL DISTRICTS SEPTEMBER 2, 2008, REVISED JULY
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How to fill out purchasing service credit

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How to fill out purchasing service credit

01
Obtain the necessary form to request purchasing service credit from your employer or retirement system.
02
Fill out the form completely and accurately, providing all the requested information.
03
Attach any supporting documentation required, such as proof of prior service or employment.
04
Review the completed form and make sure all the information is correct.
05
Submit the form to your employer or retirement system as instructed.
06
Follow up with your employer or retirement system to ensure that your request is being processed.
07
If approved, your purchasing service credit will be added to your retirement account or pension benefits.

Who needs purchasing service credit?

01
People who have had previous government service or employment and want to count that period towards their retirement benefits.
02
Individuals who have worked in a temporary or part-time capacity and want to increase their total service credit.
03
Employees who have taken a leave of absence and want to make up for the missed service credit.
04
Those who have military service and wish to apply it towards their retirement benefits.
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Purchasing service credit is a process where individuals can buy additional retirement service credits to increase their pension benefits.
Employees who want to increase their retirement benefits by purchasing service credit are required to file purchasing service credit.
To fill out purchasing service credit, individuals need to complete the necessary forms and submit them to the appropriate retirement system.
The purpose of purchasing service credit is to enhance retirement benefits by increasing the total years of service used in calculating pension benefits.
Individuals must report their personal information, current employment status, and the amount of service credit they wish to purchase on the purchasing service credit form.
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