Can an affected retiree purchase service credit in light of the adjusted accounts, benefits, and possible retirement method changes?
A. No. For eligible members, these purchases must be made around the time the member retires (generally within 90 days of the member’s effective retirement date). These time frames are specified in statute and the PERS Board does not have the authority to waive or extend them. Therefore, members cannot be allowed to reconsider their purchase transactions that were or could have been made beyond the statutorily specified timeframes.
