Purchasing Service Maximizing Your IPERS Benefits

Purchasing Service Checklist

If you want to purchase service, follow these steps:

• Review the types of service purchases available to see if you are eligible for a service purchase.
• Complete an Application for Service Purchase. Keep in mind that simply submitting an application does not obligate you to make a service purchase.
• Submit any requested documentation with your application.
• Return your completed application and any supporting documentation to:
  Iowa Public Employees’ Retirement System
  P.O. Box 9117
  Des Moines, Iowa 50306-9117
• After you submit your application, IPERS will send you a cost quote if you are eligible to purchase service.
• Review the cost quote and the estimates of monthly pension payments provided to determine if a service purchase is in your best interest. If you decide to proceed, remember to complete the purchase before the expiration of the cost quote (within 6 months).
• Contact IPERS if you have questions about the cost quote or need help determining if a service purchase makes sense for you.