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In most cases, you have to pay for the additional service. But because service credit is a factor in the calculation of your retirement benefits, purchasing the additional service credit will usually increase your pension.* If you choose to purchase the additional service, you should submit your request as early in your career as possible.
- Service Credit for Tiers 2 through 6 | Office of the New York ...
You can choose to receive credit, but there may be a cost....
- Service Credit for Tiers 2 through 6 | Office of the New York ...
You can choose to receive credit, but there may be a cost. For Tier 2 and 3 members, there is no cost to obtain credit for this service. For Tier 4 and 5 members, the cost is 3% of gross earnings plus interest to the date of payment. For Tier 6 members, the cost is 6% of gross earnings plus interest to the date of payment.
The Service Credit Purchase Accounts webpage will appear. Click “Request Additional Service Credit.” You can also apply by mail by submitting a Request to Purchase Service Credit (including any military service) (RS5042). Include all the details you can about the period of military service or employment for which you are seeking credit. We ...
This form is to request additional retirement service credit. In order to receive such credit, you must have been employed by a participating employer of NYSLRS, one of the retirement systems shown below, or have been in the military. IMPORTANT: If you are requesting military service, please include a copy of your DD-214, Certificate of Release ...
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- Credit For Previous Public Employment
- Military Service Credit
- How to Request Additional Service Credit
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Additional service credit includes work for an employer who later joined NYSLRS, or for public employment before you became a NYSLRS member. Example: You worked at the town library while going to school and, as a part-time employee, you chose not to join NYSLRS. When you graduated and took a full-time job at the Town Supervisor’s office, you were r...
If you served in the U.S. armed forces, you may be eligible to purchase credit toward your retirement for your military service, regardless of whether your military service was before or after you joined NYSLRS. There are different sections of the law that allow credit for military service. The amount of military service credit you can receive, and...
You can apply for additional service credit and military service credit in Retirement Online. Sign in to your account, scroll down to the ‘My Account Summary’ section of your Account Homepage and click the “Manage My Service Purchases” button, then click “Request Additional Service Credit.” If you are applying for military service credit, select “A...
There may be other ways to increase your retirement service credit. If you had a previous membership in a New York State public retirement system and it was terminated, you may be able to reinstate your membership. If you still have an active membership in another public retirement system, but you are no longer working for the employer that partici...
ARTICLE 19 SERVICE CREDIT If you are an eligible Tier 1 or 2 member whose membership date is prior to July 27, 1976, you will receive an additional month of service credit for each year of credited service you have at retirement, up to a maxi-mum of 24 months. This additional service credit will be included in your benefit calculation at ...
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service credit. You earn service credit for your paid employment with a NYSLRS employer. But you may also be eligible to receive service credit for public employment before you became a NYSLRS member or for past military service. You may request additional credit for past service if you: • Worked for a participating employer before joining ...
