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Additional Service Credit
“Additional retirement service credit” is a way to pay ahead into the CalPERS retirement fund. How much money an employee receives monthly after retirement depends on three things: the employee’s age at retirement, highest salary, and years of service (“service credit”). Eligible CalPERS members may purchase “additional retirement service credit” once and apply it towards retirement benefits. To be eligible, an employee must be in compensated employment (being paid for time) and have at least five years of earned service credit with CalPERS.
For more information: http://www.calpers.ca.gov/
Questions? Contact Benefits Administration, x 2101