Details for Credit Purchases

Purchases are available for those who qualify. With proper documentation, purchase costs are prepared upon your request. Most service purchases are optional. Delaying a purchase may mean a loss in eligibility to make the purchase or increase the cost because of interest that accrues. No service credit shall be granted for service that has been or will be used in qualifying for annuity benefit payments from another retirement system financed in any part by public funds. The interest rate is 8% compounded annually. The ability to make purchases depends on a variety of factors, including employer type and entry date. The final section about purchase payment details applies to everyone.

The brochure linked below contains information on each type of credit purchase, general information and information about making payments. Be sure to review all sections that apply.

Credit purchases details brochure 

This document linked above is for general information. Laws and regulations prevail over any conflict with this document. As laws may change, contact TRS before making important retirement decisions.