Reinstating service can increase your benefit amount or help you retire earlier.
If you have previous PEERS service you forfeited by taking a refund of your contributions and interest, you can buy back, or reinstate, all or any portion of the service.
- You should receive information regarding any service you are eligible to reinstate when you establish your PEERS membership. If you do not, please contact us.
- Typically, a reinstatement is less expensive than other service purchases.
- Cost is the amount refunded plus interest that accrues the first of each month.
- Payment is due prior to your PEERS retirement date. If you pay a portion of the reinstatement cost, you receive proportional service based on the payments you make.