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I’ve written before about purchasing service credit, but I wanted to dive in a bit more here. Note that the following is specific to Colorado PERA and uses Littleton Public Schools’ 2021-22 salary schedule for reference. Having said that, the same logic will generally apply to almost all pension systems, although the details will be … Continue reading More on Purchasing Service Credit
Many pension plans allow members to purchase service credit. This may be counterintuitive for some folks, but many plans allow you to "buy" years where you didn't work under the pension system and then treat those years as if you had. This typically both increases your ultimate pension benefit and often can allow you to … Continue reading Time to Buy! Buy! Buy! (Service Credit)
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