Can I purchase additional service credit towards my retirement benefits?

Asked a year ago
Yes, you have the option to purchase additional service credit to enhance your retirement benefits. The New York State Local Retirement System offers the service credit purchase program to its members. By purchasing additional service credit, you can increase the total years of service counted towards your retirement benefits, which may lead to higher benefits or an earlier retirement date. The program allows you to buy service credit for eligible periods such as prior public employment, military service, leave of absence, or certain types of unpaid leave. However, it is important to note that the cost of purchasing service credit will vary depending on factors like the type of service and the length of service you want to buy. For specific details and cost calculations, you can consult your Retirement System's website or contact their customer service.
Adam Goldkamp is the editor / author responsible for this content.
Answered May 3, 2024

Need further help?

Type out your followup or related question and we will get you an answer right away.

Need to call New York State Local Retirement System?

If you need to call New York State Local Retirement System customer service, now that you have the answers that you needed, click the button below. You can either call them on your phone or use our free AI-powered phone to dial for you, get a rep for you, and more.
Call New York State Local Retirement System

New York State Local Retirement System

Find a list of many popular New York State Local Retirement System questions with answers or step by step guides on our FAQ page below. Or ask a whole new question and get an answer right away.
Call New York State Local Retirement SystemNew York State Local Retirement System Customer Service FAQAsk a Question
Was this page helpful?YesNeeds work
Sharing is what powers GetHuman's free customer service contact information and tools. You can help!