Beginning January 1, 2024, there will be an increase in the actuarial calculation fee necessary for most purchases of service credit. The fee for a single calculation will increase from $150 to $200. Each additional calculation will continue to cost $50. This will be the first fee increase for actuarial calculations in a number of years.

Service credit is earned for the time that you worked in a LASERS-eligible position and made contributions to the System. In certain instances, you may be able to purchase additional service credit.

To learn more, review the Purchases of Service Credit chapter in the Member’s Guide to Retirement.