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.
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