 |  |  |  |  |
How to Purchase Service Credit |
|
Begin your purchase by following the application guidelines provided in the Types of Service Credit section.
If you are purchasing military credit, complete a Military Service Credit
Application and submit it along with a copy of your military discharge
papers (DD214) showing your entry and separation date(s). After receiving your initial request, we will check your eligibility and determine if the credit has no cost or if a purchase is necessary. If the credit has no cost, you will receive a letter stating the service credit type and amount being credited to your account. If you must purchase the service, you will receive a Member Billing Statement.
The Member Billing Statement outlines the type of service you can purchase, how much, the cost, and the due date. Although it is called a billing statement, you're not obligated to buy the credit, nor are you obligated to purchase by the due date shown. However, if you don't purchase the service credit reflected on your "bill" before the due date, you will have to request another billing statement with updated cost information.
When we mail your Member Billing Statement, we'll send along instructions and forms you may need to initiate your purchase.
Remember, service credit can never be purchased or granted after you terminate your state police employment.
You can pay for your service credit by sending a check or money order or by "rolling over" money you have in another retirement account (plan-to-plan transfer). Details can be found under
Ways to Purchase
.
|
 |