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Using Buyout Offer To Get More Service Credits
(Posted April 30, 2004)
Question 443: Regarding Q&A 434 (How does one buy service months?) -- I had that situation occur; I needed only 2 months to get 30 years of service although I was only 54 years of age. I did not take a buyout because of the 2 months.
Answer: Normally you have to earn service credits by working. But there are other arrangements between an employer and a worker that also can generate additional service months. These can include vacation and sick pay, pay for time lost due to injury, and arranging for an employer to carry you on the payroll for an additional period of time as part of a buyout agreement.
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