Prior service is any creditable service you performed with a New York City and/or New York State public employer before joining TRS that was not transferred to TRS. For more information about eligible service please refer to the Service Credit brochures.
You can refer to your most recent Annual Benefit Statement (ABS) or Total Service Letter for the amount of any of your prior service credit that is eligible for purchase.
If you have multiple periods of prior service, you would estimate the cost separately and then add the results to view an estimate of the total.
Start and End Dates: You may enter the start and end dates of the prior service by clicking the calendar to select a date, or type in the date directly in MM/DD/YYYY format.
Salary Earned: Enter the salary you earned for the entire period of prior service you entered—not just the annual salary unless the period of prior service was equal to year. Do not enter a dollar sign, comma, or decimal point.
Payment Option: Select how you would pay for your prior service purchase to see the cost for that option. For the payroll deduction options, bi-weekly payroll is 26 paychecks a year, and semimonthly payroll is 24 paychecks a year.
Contribution Rate: The contribution rate used in this calculation is based on the most recent QPP contribution rate on record for you. In general, your contribution rate depends on your tier status. If you are a Tier IV member, your rate also depends on your membership date and whether you participate in the Age 55 Retirement Program.
Interest Rate: For Tier IV members, the 5% interest included in the cost of the service credit purchase represents the annual interest that would have accrued on your pension contributions had you been contributing as a TRS member.
Click "Calculate" to receive your estimates. You will be able to view the cost of a lump-sum payment and any payroll deduction option you selected.
Payment Plans: Only payment plan periods that would result in payroll deductions of TRS' required minimum of $10 per pay period appear.
Cost Letter: Your Cost Letter would include only prior service that has been verified by TRS; therefore, the estimates calculated here may differ from the information in your letter. If you aren't eligible to request a Cost Letter you will not be able to request one at this time.