PERAPlus 401(k) Plan

Frequently Asked Questions

Question:
Can I use my PERAPlus account to purchase service credit?

Answer:
Yes, you may use the pre-tax funds in your account to purchase service credit if you meet certain conditions. You may use your PERAPlus 401(k) account to purchase service credit two times per calendar year. Contact PERA or refer to PERA's Purchasing Service Credit brochure for more information.