Purchasing and Reinstating Service
Purchasing or reinstating service adds service to your membership record. All members are eligible to purchase some type of service before retirement. This is an important consideration because the amount of service you have on record with PEERS is one of the factors used to determine your service retirement eligibility and benefit amount.
Reinstatements are handled automatically when you start a new membership. If you have past service you can reinstate, we will let you know at that time. If you feel you have service you can reinstate and we did not contact you, please let us know.
You are not obligated to make payments on an open purchase application or reinstatement. There are no set payments or monthly amounts due, but you must pay before retirement if you want the service used to determine your retirement eligibility and benefit amount.
You may pay by check or using a rollover of funds from a qualified retirement account.