Can I purchase creditable service earned in another Massachusetts Public Retirement System?

Yes, if you were a member of another Massachusetts Public Retirement System subject to the provisions of M.G.L. Chapter 32 and you withdrew your retirement contributions, you may be eligible to buy back that prior service.   You must repay the original amount of the refund, plus interest to the date of the repayment.  You may complete the buy back as a lump sum payment, pre-tax rollover or in some circumstances through a deferred compensation plan within 5 years from the date of the agreement.

Appears in: Retirement FAQ

Calendar of Events
Selectboard -- SCHEDULED
Mon, Feb 6, 2023, 6:30 pm
1 Avenue A, Turners Falls and see zoom link under Selectboard Meeting Agenda
Posted to: Board of Registrars
  • Attached File: Selectboard 2023-02-06 Agenda
  • Attached File: Selectboard 2023-02-06 Meeting Material
  • Wed, Feb 8, 2023, 3:15 pm - 4:30 pm
    REMOTE
    Montague EDIC -- SCHEDULED
    Wed, Feb 8, 2023, 5:00 pm - 6:00 pm
    REMOTE
    Posted to: Montague EDIC
  • Attached File: MEDIC 2023-02-08 Agenda
  • Wed, Feb 8, 2023, 5:30 pm
    Town Hall Second Floor Meeting Room and Zoom
    Posted to: Board of Health
  • Attached File: Health Dept Agenda
  • Wed, Feb 8, 2023, 6:00 pm - 8:00 pm
    Zoom
    Posted to: Finance Committee
  • Attached File: Finance Committee 2023-02-08 Agenda
  • Attached File: Finance Committee 2023-02-08 Meeting Materials
  • Latest News
    Please consider attending upcoming comprehensive plan workshops.
    MassDOT anticipates a full reopening of the General Pierce Bridge by the end of March 2023.
    Do’s and Don’t for Recycling Holiday Materials