Retirement Updates

Although we are starting to get some detail about how the changes in purchasing years for retirement will be applied, it is still important that you contact the URS directly for details specific to your situation.

Here are the changes as we currently understand them:

• If you wish to purchase years, a request for an estimate should be made before July 1, 2010 to take advantage of current rules and pricing.
• The increased costs will be phased in beginning January 1, 2011, but the exact process and pricing is still be determined.
• Beginning July 1, 2010, rounding up of service years will be limited to those within 1/10 of a full year.

It is also important to note that because of the lateness of this window and the need to place transfers, there is no provision for rescinding the request for district retirement incentives.