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Actuarial Cost Table

This table estimates your cost to purchase universal buy-in; parental leave; and other governmental service credit.

Directions: Use your age as of the beginning of the current fiscal year (the state fiscal year runs October 1 through September 30). Multiply the applicable percentage rate by your highest previous fiscal year earnings (equating part-time wages to full-time wages) to arrive at the cost of one year of service credit.

Age at Purchase Percentage Rate
up to 25 7.0%
26 7.2%
27 7.4%
28 7.6%
29 7.8%
30 8.0%
31 8.3%
32 8.6%
33 8.9%
34 9.2%
35 9.5%
36 9.8%
 
Age at Purchase Percentage Rate
37 10.1%
38 10.4%
39 10.7%
40 11.0%
41 11.3%
42 11.6%
43 11.9%
44 12.2%
45 12.5%
46 12.8%
47 13.1%
48 13.4%
 
Age at Purchase Percentage Rate
49 13.7%
50 14.0%
51 14.2%
52 14.4%
53 14.6%
54 14.8%
55 15.0%
56 15.1%
57 15.2%
58 15.3%
59 15.4%
60 and up 15.5%


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