How will a purchase of foreign school service credit affect the retirement benefit that I am currently receiving?
Purchasing service credit increases your monthly retirement allowance. Full payment is due before your retirement benefit reflects the service credit purchase. The adjustment is made retroactive to your effective retirement date. Calculating your final compensation excludes the salary earned for foreign school service when determining the highest average annual compensation earnable.
Related Questions
- Will the foreign school service credit I purchase qualify for the benefit enhancements, such as the longevity bonus, highest one-year final compensation and/or career factor?
- How will a purchase of foreign school service credit affect the retirement benefit that I am currently receiving?
- What is the cost to purchase foreign school service credit?
