Retirement Benefits

Be Retirement Ready: Have More Money in Your Nest Egg

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Did you know the more service credit you have at retirement, the higher your monthly retirement allowance may be?

In many instances, the purchase of service credit can make a substantial difference for your final retirement allowance. Below is an example of two members, one who purchased service credit and one who didn’t.

Table showing two scenarios for retirement allowance, one with and one without the purchase of service credit.

CalPERS provides eligible members with the option to purchase many different types of service credit, including leaves of absence, military, redeposit of withdrawn contributions, and service prior to membership.

It’s easy to apply. Simply submit a completed costing request form to CalPERS, and if you are eligible, we will send you a cost package that includes everything you need to know to make an informed decision.

Save money and purchase service credit early in your career, because the cost will be lower as less interest has accrued on the service credit you want to purchase.

Bar graph illustrating the increased cost of service credit with the passage of time, due to the accrual of interest.

Learn more about all service credit purchase types, eligibility, costs, payment options, and how to estimate your cost and benefit increase by visiting our website.

You can also find detailed information in our two service credit purchase publications: A Guide to Your CalPERS Service Credit Purchase Options (PDF) (PUB 12) and A Guide to Your CalPERS Military Service Credit Options (PDF) (PUB 15). These publications, along with all request forms, are available on our website in Forms & Publications.

You may also request assistance with your service credit purchase by logging in to your my|CalPERS account or by calling us toll free at 888 CalPERS (888-225-7377).