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CALCULATING YOUR RETIREMENT BENEFITS ET4107 (REV 5/30/2018)Scan to read online. Table of Contents Eligibility....................................................................... 2 Retirement Benefit
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How to fill out buying creditable service

01
To fill out buying creditable service, follow these steps:
02
Obtain the necessary buying creditable service form from your pension provider or employer.
03
Read the instructions on the form carefully to understand the eligibility criteria and requirements for buying creditable service.
04
Provide your personal information, including your name, contact details, and social security number.
05
Indicate the type of creditable service you wish to buy, such as previous government employment, military service, or unpaid leave.
06
Calculate the cost of buying creditable service based on the provided instructions. This may involve determining the number of months or years of service you are buying and multiplying it by the applicable rate.
07
Attach any necessary supporting documents, such as proof of previous employment or military service.
08
Submit the completed form and supporting documents to your pension provider or employer.
09
Await a response from your pension provider or employer regarding the approval and payment process for buying creditable service.
10
Once approved, arrange for the payment of the required amount to buy the creditable service.
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Keep a copy of the completed form and any associated documents for your records.

Who needs buying creditable service?

01
Buying creditable service is beneficial for individuals who:
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- Have gaps in their employment history and want to increase their total years of service for pension calculation purposes.
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- Have served in the military or government sector and want to include that service in their pension calculation.
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- Have taken unpaid leave and want to make up for the lost service time.
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- Are planning to retire soon and want to boost their pension benefits by purchasing additional service credit.
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It is advised to consult with your pension provider or employer to determine if buying creditable service is a suitable option for you.
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Buying creditable service is the act of purchasing additional service credit in a pension plan to increase retirement benefits.
Individuals who wish to increase their pension benefits by purchasing additional service credit.
To fill out buying creditable service, individuals must contact their pension plan administrator and complete the necessary paperwork and payment.
The purpose of buying creditable service is to enhance retirement benefits by increasing the total service credit in a pension plan.
When filing buying creditable service, individuals must provide personal information, payment details, and the amount of service credit they wish to purchase.
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