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Learn how to transfer funds for prior service purchase in qualified retirement plans. Simplify your retirement funding with our clear guidelines.
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The prior service purchase form is a document used by individuals to request the purchase of service credit for previous employment or service that may count towards their retirement benefits.
Individuals who wish to buy back service credit for past employment or military service that is not currently credited towards their retirement plan are required to file this form.
To fill out the prior service purchase form, you need to provide your personal information, details of your past service, and any supporting documentation required by the retirement system.
The purpose of the prior service purchase form is to facilitate the process of documenting and approving the purchase of service credits, which can enhance an individual's retirement benefits.
The form typically requires personal identification information, details of the prior service being purchased (such as dates of service, type of service), and any related documentation that supports the request.
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