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Service Purchase

The Service Purchase benefit allows active members of the ASRS, and members who are receiving benefits under the ASRS Long Term Disability Income Plan, to buy past credited service time under specific qualified categories. Adding additional service credit may increase your monthly lifelong benefit and/or qualify you for retirement at an earlier date.

Requirements

In order to participate in the Service Purchase Program you must:

The following limits apply:

Step 1: Estimate your cost by type of service

You will need your current service credit and your current annual salary in order to estimate your service purchase costs. Log in to your secure ASRS Home Page to use what the figure the ASRS has on file at this time for your most accurate estimate.

Military Service

You may be eligible to purchase credit for any amount of service performed while on active duty if you were honorably discharged, and for active duty in the Military Reserve or National Guard.

Forfeited ASRS Credited Service You may be eligible to reinstate forfeited ASRS service if you previously contributed to the ASRS, refunded your contributions and have resumed employment with an ASRS employer and are currently contributing to the plan.

Leave of Absence

You may be eligible to purchase service credit for up to one year of an authorized leave of absence from your employer in which you returned to work with that employer or could not return because a position was not available, or you were disabled.

Other Public Employment Service

You may be eligible to purchase any amount of service credit performed under another public employer if you are not receiving or are not eligible to receive a benefit from any other retirement plan based on the service to be purchased.

Step 2: Submit Request for Cost Invoice

This easy and secure Service Purchase Request Wizard will help you request a cost invoice to purchase certain types of credited service that may be applied toward your ASRS account. Your online request can be completed in just a few minutes, and is not a binding agreement in any way.