Types of service credit eligible for purchase
- Service prior to membership
- Leave without pay
- Redeposit of withdrawn contributions
- Public service/Military service
- Military leave without pay
For detailed information on the different types of service credit, how the cost is determined, and the various payment options available, please click on the form Purchase of Service Credit-Frequently Asked Questions. This document will also tell you what information you will need to submit to SCERA before the cost of the purchase can be determined. You may also submit a request by using the Service Purchase Estimate Request Form.
If the time you are purchasing is time worked for a SCERA-covered employer, that time will help you become vested and meet retirement eligibility. Public service and military service do not help you become eligible for vesting or retirement, but will add to your monthly benefit amount.
Purchasing additional service credit is an investment in your future retirement. When SCERA provides you with the cost of the purchase, you will also receive an estimate of the additional retirement benefit the purchased service will give you. You can find out how long it will take to recover your investment by dividing the cost of the investment by the monthly benefit.
Total cost ÷ additional monthly benefit = months to recover cost
$3,936 cost ÷ $80 additional monthly benefit = 50 months
50 ÷ 12 = 4.1 years
In this example, the cost of the purchase is recovered 4.1 years after retirement.