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