Can I purchase additional service credit towards my retirement benefits?

The New York State Local Retirement System does allow members to purchase additional service credit to enhance their retirement benefits. This option can be beneficial for individuals who want to increase their retirement income or meet eligibility requirements for pension benefits. The types of additional service credit that may be available include, but are not limited to, credit for prior service, military service, or unused sick leave. However, there are specific rules and eligibility criteria that must be met in order to purchase this additional credit. Members are typically required to submit a formal request and may need to pay a fee based on their salary and years of service. It is essential for members to carefully review the guidelines and calculate the potential impact on their retirement benefits. For detailed and specific information on purchasing additional service credit, individuals may find it helpful to visit the NYSLRS official website, which provides the most current resources and contact information.