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Purchase of Prior Service
Print this Page- What are the advantages of purchasing prior service credit?
- How much will it cost me to purchase prior service credit?
- How do I purchase service credit?
1. What are the advantages of purchasing prior service credit?
The more service you have in VRS, the larger your retirement benefit will be. Many active members are eligible to "buy back" prior service periods (for example, military service, public or civil service, unpaid maternity leave, etc.) to add to their current VRS records. In most cases, buying additional service adds enough money to your monthly benefit to make the cost of the purchase worthwhile. Please visit our Purchase of Prior Service section for all the details and latest information on buying service.
2. How much will it cost me to purchase prior service credit?
Generally, service is available for purchase at 5 % of current compensation or AFC as long as you enter a contract to buy it within 3 years of joining VRS (or by July 1, 2004 if you were a member of VRS prior to July 1, 2001). After these deadlines, the cost goes up to actuarial cost. See the Purchase of Prior Service section for much more detailed information.
3. How do I purchase service credit?
You will need to complete the Application
for Purchase of Prior Service Credit VRS-26 
78kb.
All service must be purchased while you are still working. Again,
for all the details, visit our Purchase of Prior
Service section.
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