Human Resources

Q:

Retirement Incentive Plans: How long does it take to receive a cost statement for the purchase of service credit?



A:

The amount of time necessary to obtain a cost statement for the purchase of service credit varies from a few days to several weeks or months, depending upon the circumstances. Do not delay in making your request, as purchases will not apply after the program’s end date.

 If you have never received a cost statement for a purchase of qualified service credit, you will be required to have this service verified through a previous employer, through another retirement system, and/or through military records. Obtaining this documentation takes time. Contact the Office of Human Resources immediately.

 If, in the past, you received a cost statement for a purchase of qualified service credit but the invoice has expired, please contact OHR immediately.  An updated invoice will need to be requested.

 




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