Can I purchase service credit to increase my retirement benefits?

Yes, you have the option to purchase service credit to increase your retirement benefits with CalPERS. By purchasing additional service credit, you can enhance your retirement benefits by augmenting your length of service. This can be done by various methods, such as purchasing current or prior service, out-of-state service, or leaves of absence. The purchase of service credit can make you eligible for a higher retirement allowance, increased survivor benefits, and more. Keep in mind that the cost of purchasing this additional service credit is based on various factors like your salary, age, and the type of service credit you intend to purchase. Detailed information and the necessary forms can be obtained from CalPERS' website or by contacting their Member Services.