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Revised December 2022PURCHASING SERVICE CREDIT I N C L U D E S A S E R V I C E C R E D I T P U R C H A S E A P P L I C AT I O NCONTENTS Purchasing PERA Service Credit.................... 1 Cost to
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How to fill out purchasing service credit booklet

01
Obtain a copy of the purchasing service credit booklet from your employer or pension plan administrator.
02
Read through the booklet to understand the eligibility requirements and process for purchasing service credit.
03
Fill out the necessary forms included in the booklet, providing accurate information about your employment history and desired amount of service credit to purchase.
04
Submit the completed forms and any required documentation to the appropriate party, such as your HR department or pension plan administrator.
05
Await confirmation of your request and follow any additional instructions provided to complete the purchase of service credit.

Who needs purchasing service credit booklet?

01
Employees who are looking to increase their years of service credit for their pension benefits.
02
Individuals who have gaps in their employment history and wish to fill those gaps by purchasing service credit.
03
Retirees who want to enhance their pension benefits by purchasing additional service credit.
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The purchasing service credit booklet is a document that outlines the process and terms for individuals to buy service credit in a retirement plan, allowing them to increase their years of credited service for retirement benefits.
Employees who wish to purchase additional service credit to enhance their retirement benefits are required to file the purchasing service credit booklet.
To fill out the purchasing service credit booklet, individuals need to complete the required sections, providing personal information, details about the service credit being purchased, and any necessary signatures or endorsements as specified in the instructions.
The purpose of the purchasing service credit booklet is to facilitate the process of obtaining additional service credit for retirement, ensuring that employees understand their options and the implications of such purchases.
Information that must be reported includes the individual's name, social security number, employment details, the period of service credit being purchased, and any relevant payment information.
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