Purchases and Reinstatement

While working in PEERS-covered employment, you earn credit for each year or partial year you work. Your total credit at retirement is one of the factors used to calculate your benefit amount. The more credit you have, the sooner you reach retirement eligibility, or the higher your benefit amount.

One of the many advantages of PEERS membership is the ability to increase your benefit amount or become eligible for retirement earlier by purchasing, reinstating or transferring additional credit to your PEERS membership.

Applications for most types of credit purchases are found on this website. Because of complex eligibility requirements, applications for a few types of credit purchases and transfers are not found online. You can request a copy of any purchase application by contacting us.

Use the Credit Purchase Calculator to estimate the cost of credit purchases that are calculated using the Basic Purchase Cost Calculation, or you can request an estimate from our office.