- This page, Veterans: Buybacks and Other Retirement Benefits, is offered by
- Public Employee Retirement Administration Commission
Veterans: Buybacks and Other Retirement Benefits
Learn about additional benefit eligibility for your military service
You have 180 days from the date your system notifies you of potential eligibility to begin a military service buyback
Contact for Veterans: Buybacks and Other Retirement Benefits
Public Employee Retirement Administration Commission
Phone
Main Number
Call Public Employee Retirement Administration Commission, Main Number at (617) 666-4446
Hours: 9:00 a.m. to 5:00 p.m., Monday through Friday
For deaf, hard of hearing, or speech impaired
Fraud Hotline
Call Public Employee Retirement Administration Commission, Fraud Hotline at (800) 445-3266
Call to report suspected pension fraud
Online
The Details of Veterans: Buybacks and Other Retirement Benefits
What you need for Veterans: Buybacks and Other Retirement Benefits
Military Service Buyback
- You may be entitled to purchase creditable service for military service either before you became a public employee or while on leave from public service
- You can purchase up to four years to add to your creditable service
- You will pay 10% of your salary when you last became a member of your retirement system for each year purchased
- You must file a Veterans' Buyback Form with your local retirement system to purchase this service
- A copy of your DD214 form is required
Veterans Ordinary Disability Retirement Benefit
- See the Disability Retirement Application process for more information on the ordinary disability retirement for veterans
Additional retirement benefit for veterans
- Veterans retired under superannuation retirement receive $15 a year extra for every year of creditable service
- Maximum benefit is $300 per year
- A copy of the DD214 form is required
- You must inform your retirement system of your veteran status
- Veterans earn creditable service while on leave from their employment to serve in an eligible military campaign (G.L. c. 32, s. 4(h)).
How to apply Veterans: Buybacks and Other Retirement Benefits
All forms must be filed with your local retirement system
Downloads for Veterans: Buybacks and Other Retirement Benefits
Open PDF file, 495.47 KB,
Veterans' Buyback Form
(English, PDF 495.47 KB)
Contact for Veterans: Buybacks and Other Retirement Benefits
Address
Phone
Main Number
Call Public Employee Retirement Administration Commission, Main Number at (617) 666-4446
Hours: 9:00 a.m. to 5:00 p.m., Monday through Friday
For deaf, hard of hearing, or speech impaired
Fraud Hotline
Call Public Employee Retirement Administration Commission, Fraud Hotline at (800) 445-3266
Call to report suspected pension fraud
Online
Fax
(617) 628-4002