Rev. 05/2010
ELIGIBILITY:
Retirement Code Section 78-174 Purchase of Prior Service
PAYMENT:
Police Officers/Firefighters: 15%
General Employees: 10%
HOW TO APPLY:
RICHMOND RETIREMENT SYSTEM (RRS)
Section 78-174 Purchase of Prior Service
Payment may be made in a lump sum or by payroll deduction in equal installments over a period not to exceed
the service credit being purchased. For each year of service to be credited the member must pay the following
percentage of their present annual compensation or the average annual compensation during the thirty-six (36)
highest consecutive months of creditable service, whichever is greater:
1. Complete Section One of the Certification of Service Form and forward to the appropriate employer(s) to
certify your employment for the period(s) of service you want to purchase. Request that the form be completed
and returned to the RRS address listed below:
2. When the RRS receives the Certification of Service Form, you will be contacted to come into the office and
complete the Service Credit Application.
Upon receipt of the above mentioned forms, the RRS will research your records and notify you as to whether
or not you are eligible to purchase service and the cost of the purchase.
If applicable, after certification, the RRS will forward your service credit application form to the City's Finance
Department for processing of payroll deductions.
2) Full-time service rendered to the City of Richmond on a temporary, seasonal, provisional, Comprehensive
Employment Training Act (CETA) or contractual basis, provided that such period has not been previously
included in the creditable service.
Any member in service who has completed five (5) or more years of creditable service may purchase credit for
service for all or part of the following:
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the service will not be considered in the calculation of any retirement benefit by another retirement system,
and/o
900 East Broad Street
Room 400
Richmond, VA 23219
RICHMOND RETIREMENT SYSTEM
www.richmondgov.com/retirement
Phone 804.646.5958
Fax 804.646.5299