Restoration of Forfeited Service Credit

You can restore service credit forfeited as the result of a previous withdrawal of your Tier One/Tier Two member account if you have at least 10 years of Tier One/Tier Two creditable service Creditable service is one of the factors used to determine a member’s retirement eligibility and pension amount at retirement. Members earn service credit for every calendar month in which they are employed in a qualifying position for more than half the total days in the month and are paid by their PERS-participating employer. Working fewer than 600 hours in a month or taking a leave without pay lasting half the month or more disqualifies a month from earning service credit. in the System The Public Employees Retirement System that includes the PERS Chapter 238 Program and the OPSRP IAP. since your re-employment. Service credit under a Loss-of-Membership account is not eligible for purchase. For every three months of service worked after re-employment in a covered position, you can restore one month of forfeited service. You must purchase the service credit during the 90-day period before your effective date of retirement. The Purchase Letter you receive with your estimate must accompany payment.

To take advantage of this provision, you cannot elect a lump-sum retirement option, and you must purchase the forfeited service credit with one payment.

Note: If you withdrew your Tier One/Tier Two member account and you received 150 percent of your member account balance, you may not restore the service credit forfeited by that withdrawal.