Notional Service Purchase

[Vincenci]

Advice please. Was made redundant in private service a few years ago and very lucky to get position in public service in 2005 at age 61. Am now 65. Have small pension from public service and wonder if I can now buy back some pension years in public service. Don't intend to retire for another few years.

 

[folly]

Hi Vincenzi,

I don't think you can, the notional service is to age 65 and to age 60, as far as I am aware (I am no expert on this, but have looked into it).

It can be purchased as a lump sum, or on a continuous basis based on your age and your projected retirement age (usually 65). The lump sum is usually prohibitive cost-wise and due to your age, if you could purchase on the continuous basis, it would be very high as you will be working for a few more years, so not a long time to spread the payments over.

HTH

 

[dafmurray]

Contact your Human Resource/Personnel Section.