Credit Purchase Cost Calculator

This calculator will not estimate the cost to reinstate refunded PSRS credit, and it will not estimate the cost to purchase leave of absence credit, unpaid sick leave or workers' compensation credit, credit for PEERS-covered employment or USERRA credit. Please contact PSRS for those cost estimates or click on the link to the web purchase request page.


The following purchases are calculated using the basic cost calculation.


Public or private school, college or university employment Vo-tech work experience (max. 2.0 years)
Active military duty Social Security-covered employment
Supplemental credit (max. 5/10ths) Non-federal public employment
Unpaid maternity/paternity leave Not-for-profit educational employment
Part-time certificated employment Credit with another Missouri public pension plan


Basic Cost Calculation

Highest Annual
PSRS Salary Rate
on Record		   X   Employee and Employer
Contribution Rate (Currently 29%)		   =   Cost Per Year

To estimate the cost to purchase credit, complete the following:


Highest Annual PSRS Salary Rate on Record:* Salary used should include board-paid medical, vision and dental insurance for the member only.
Number of Years to be Purchased: Example: 2.0 years
Example: .5 years (5/10ths)

*Don't know your highest salary? Check your most recent PSRS Member Statement or review your salaries on record with PSRS online.


Note:


Estimated Purchase Cost Results


Cost effective October 1, 2011 using the current contribution rate of 29%
Total cost for
0.0
years
$0

The results of this Credit Purchase Cost Calculator should not be interpreted as either a promise of or contract for the purchase of credit with PSRS, or a confirmation of eligibility to purchase credit. In the event of any conflict between this estimate and the provisions of the PSRS plan as interpreted by the PSRS/PEERS Board of Trustees, the latter will control. Before making a final decision regarding the purchase of credit, you should contact PSRS for an official cost estimate.