Many people work for a public agency and when they terminate, they apply to receive a refund of this service. If a member had previous employment that has been refunded, they can repay the amount withdrawn plus interest and gain the service again for retirement credit. With seven different retirement systems, there are many scenarios possible. If you worked before retirement was withheld, you may also qualify this previous service. If you have worked in another state, you may be able to purchase service from that state.
All active members have the right to qualify active military service for retirement purposes.
The cost of this type of qualification is based on the actuarial rates required to fund the service purchase in each system. Some systems require at least ten years of service prior to reaching eligibility while others require 15 years. A copy of your DD 214 is required and individual requirements must be met. Under this program you can purchase one year of additional service for every five years of service credit you have. As always, we require a written request to initiate the cost statements.