Purchase Of Service Program - Public Employees' Retirement System Of Nevada
Download a blank fillable Purchase Of Service Program - Public Employees' Retirement System Of Nevada in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Purchase Of Service Program - Public Employees' Retirement System Of Nevada with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1Public Employees’ Retirement System of Nevada
693 W. Nye Lane, Carson City, NV 89703 (775) 687-4200 Fax (775) 687-5131
5740 S. Eastern Ave. Suite 120, Las Vegas, NV 89119 (702) 486-3900 Fax (702) 678-6934
Toll Free 1-866-473-7768 Website:
Email:
Purchase of Service Program
If you have five years of creditable service you may purchase up to a maximum of five years of service credit.
The cost to purchase service is based on your average compensation times the number of months purchased
times the actuarial percentage based on your age. Purchases may be paid in a lump sum, through installments
(at 8% interest), or through direct rollover of deferred funds. If you decide to purchase, you must first contact
PERS to request a purchase-of-service agreement.
Special note for part-time employees: Your average compensation is calculated on salary you would have
received had you worked full-time. A part-time employee is a member who works less than full-time
according to the employer’s full-time work schedule.
1. Your Average Monthly Compensation
= $
(Average of your 36 highest consecutive months of salary)
2. Multiplied by the # of months to be purchased
X
= $
3. Purchase Percentage Based on Age
= X
%
(Find your age and corresponding % from table below)
4. Estimated lump sum cost to purchase additional service
= $_
(Principal)
Purchase Percentages
Purchase Percentages
for Regular Members:
for Police and Firemen:
Age
Percent
Age
Percent
Age
Percent
Age
Percent
30 or
55
38.6
30 or
55
39.4
under
16.9
56
37.9
under
24.5
56
38.8
31
17.5
57
37.2
31
25.2
57
38.1
32
18.1
58
36.5
32
25.8
58
37.4
33
18.7
59
35.7
33
26.5
59
36.7
34
19.3
60
35.0
34
27.3
60
36.0
35
19.9
61
34.2
35
28.0
61
35.3
36
20.6
62
33.4
36
28.8
62
34.5
37
21.3
63
32.6
37
29.6
63
33.7
38
22.0
64
31.8
38
30.4
64
33.0
39
22.7
65
31.0
39
31.2
65
32.2
40
23.4
66
30.1
40
32.1
66
31.3
41
24.2
67
29.3
41
32.9
67
30.5
42
25.0
68
28.4
42
33.9
68
29.7
43
25.9
69
27.6
43
34.8
69
28.8
44
26.7
70
26.7
44
35.8
70
28.0
45
27.6
71
25.8
45
36.8
71
27.1
46
28.5
72
24.9
46
37.8
72
26.2
47
29.5
73
24.1
47
38.9
73
25.3
48
30.5
74
23.2
48
40.0
74
24.4
49
31.5
75
22.3
49
41.2
75
23.4
50
32.6
76
21.4
50
42.4
76
22.5
51
33.7
77
20.5
51
41.8
77
21.6
52
34.9
78
19.6
52
41.3
78
20.7
53
36.0
79
18.7
53
40.7
79
19.8
54
37.3
80
17.8
54
40.1
80
18.9
Purchase of Service information and calculator are also available on our website at .
POS Worksheet.doc
Rev. 07/14
ADVERTISEMENT
0 votes
Related Articles
Related forms
Proof Of Birth Date And Name Change Documentation - Public Employees' Retirement System Of Nevada
Legal
Form 20 - Election For Monthly Cost-of-living Adjustment - Public Employees' Retirement System Of Mississippi
Legal
Related Categories
Parent category: Legal