The buyback worksheet is used to calculate the dollar amount a member must pay to buy back the creditable service associated with Annuity Savings Fund balances that have been refunded to the member. Buy-backs include the amount withdrawn plus interest to the date of repayment.
Please note this worksheet assumes a one-time or lump sum repayment. Payments can also be made on an installment basis. Such payments must be calculated and rendered in accordance with the terms and conditions of the respective retirement board.