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Full Version: Is it legally possible to purchase pension credits outright or from an
BenefitsLink Message Boards > Retirement Plans > Defined Benefit Plans, Including Cash Balance
Argosos
Hello:
I WOULD LIKE TO KNOW IF IT IS LEGALLY POSSIBLE TO PURCHASE PENSION CREDITS OUTRIGHT OR FROM ANOTHER EMPLOYEE IN A DEFINED BENEFIT RETIREMENT PLAN? I HAVE 2 YEARS AND FIVE MONTHS UNTIL I HAVE "EARNED" MY 30 YEARS OF PENSION CREDITS UNDER A 30 AND OUT PROGRAM. I WOULD LIKE TO PURCHASE TWO YEARS FROM ANOTHER EMPLOYEE WHOM HAS 33 YEARS CREDITS. CAN THIS BE DONE IF WE CAN COME TO ACCEPTABLE TERMS?
pax
First, please do not use all capital letters. It is the equivalent of shouting.

The terms of the plan document will govern the eligibility for any benefit. It is very unlikely you can "purchase" more service.
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