CCCERA offers its active members the option of purchasing eligible service credit under specific circumstances. Some examples of purchasable service credit are: previous public service employment, redeposits, medical leaves of absence, conversions or time prior to membership.

Payment for purchases can be made in a variety of ways: direct trustee-to-trustee transfers from 457 accounts (Hartford Deferred Compensation), after-tax monthly payment contracts, one lump sum payment for the full amount due, or a combination of the two methods.

Due to a change in the Internal Revenue Service’s (IRS) rules, pre-tax payments for service credit purchases are no longer allowed. As a result, CCCERA will no longer enter into any new pre-tax installment contracts after October 31, 2010.

Members who are currently purchasing service with pre-tax contracts will be permitted to complete that purchase under its existing terms.