Request a Buyback of Prior Public Service

If you took a refund when you left public service and would like to reestablish credit, you can buy back the service.
To get the lowest interest, you must enter into a buyback agreement within one year of returning to public service

Public Employee Retirement Administration Commission

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Hours: 9:00 a.m. to 5:00 p.m., Monday through Friday

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The Details of Request a Buyback of Prior Public Service

What you need for Request a Buyback of Prior Public Service

  • If you took a refund of your retirement contributions, you can re-establish credit for the refunded service by entering into a buyback agreement with your retirement system
  • Generally, you cannot start a buyback if you are not currently employed in the Massachusetts public sector (state, county, city, town, municipality, authority)
  • You can repay in a lump sum or installment payments if approved by your retirement system
  • You can use funds from a qualified retirement account to pay for all or part of your buyback
  • You will repay the contributions refunded plus interest 
  • Your new membership date would be the date you re-entered service - even after completing a buyback and establishing credit for prior service
  • You must complete your buyback prior to collecting any retirement benefits
  • Contact your retirement system to start a buyback. PERAC does not have a buyback form but your system may ask you to complete their form before starting the buyback process.

No buyback obligation

  • If you return to public service after taking a refund, you are not required to buy back the refunded service
  • Getting information on purchasing prior service does not obligate you to purchase the service

Fees for Request a Buyback of Prior Public Service

Buyback Interest

  • If you enter into a buyback agreement within one year of returning to public service you will pay "buyback interest" on your service purchase (half the actuarial assumed interest)
  • If you enter into a buyback agreement more than one year after returning to public service, you will pay the full actuarial assumed interest
  • Contact your retirement system for the current rate. 

How to apply Request a Buyback of Prior Public Service

You must contact your local retirement system to enter into a buyback agreement. 

More info for Request a Buyback of Prior Public Service

Board specific buybacks:

Military Service: 

Contact for Request a Buyback of Prior Public Service

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