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What is optional service credit?
FAQs : Optional service credit is any service credit you have the option to claim or purchase.
What is Total Service Credit?
FAQs: In general, your Total Service Credit consists of the following:
What are the benefits of purchasing service credit?
FAQs: One of the benefits of purchasing service credit is the potential increase to your prospective service retirement allowance.
Are there restrictions on purchasing credit for prior service?
FAQs: If you are a Tier II, III, IV, or VI member, there is no limit on the number of years of eligible prior service credit that you may claim or purchase.
How can I request prior service credit?
FAQs: In general, service with a public employer in New York State or New York City may be eligible for prior service credit in TRS.
When will I receive credit for eligible prior service?
FAQs: In general, once your former employer has verified your prior service, and you have made any required payment, TRS will grant credit for prior service.
How much does it cost to purchase optional service credit?
FAQs: The cost varies depending on your tier and the type of service credit you are purchasing. In certain cases, service credit may not require purchase.
When will the payroll deductions for my service credit purchase stop?
FAQs: Generally, service credit purchase deductions will stop automatically once your payment plan is completed.
Can I receive credit for prior service with a New York City public employer?
FAQs: If you were employed by the City of New York before you became a member of TRS, you may be eligible to receive credit for that prior service.
Can I receive credit for prior service with a New York State public employer?
FAQs: If you were employed by a public employer within New York State before you became a member of TRS, you may be eligible to receive credit for that prior service.