Chapter 32, §3(4A)
Members who previously taught pupils or acted as an administrator in a nonpublic school prior to January 1, 1973 are eligible to purchase this service for retirement purposes.
Credit is not allowed if the member is eligible to receive retirement benefits from the nonpublic school system in which he or she served or if this service is covered by Social Security. The member must submit a copy of his or her “Earnings or Benefit Estimate Statement” which can be obtained from the Social Security Administration.
The number of years of nonpublic school teaching time a member is entitled to buy back can not exceed a maximum of 10 years. The member does not need to currently be in a teaching position to buy back this service.
Member must provide all information necessary including documentation of the exact dates and salaries of this employment.
The cost to purchase this time is an amount equal to that which would have been withheld as regular deductions from the member’s regular compensation for such period had the individual been a member of the State Retirement System or Teachers Retirement System during this period plus interest.
Stipends or fair market value of room and board do not qualify as regular compensation. If the member was compensated in this way, there is a chart available from the Buy Back Department showing the salary that will be used to calculate the cost of purchasing this service.