SSeerrvviice Cce Crredediitt Examples If you have 15 years of service, you are eligible to purchase an additional 3 years of credit. Your pension benefit would be calculated using a total of 18 years. If you have 10 years of service credit in total between the TRF/PERF Hybrid plans, you are eligible to purchase Airtime Service Credit. If you have 6 years of service in the TRF Hybrid plan and 4 years of service in the PERF Hybrid plan, you are eligible to purchase up to 2 years of service. Purchase Service in another Plan You can take money out of your DC to buy service credit in another government retirement plan and ordinarily you would withdraw the exact amount. The money ordinarily would be paid as a “trustee-to- trustee” transfer to the other governmental plan. This means INPRS would transfer the funds to the other government plan, and you would not receive a cash payment. If you should return to a TRF Hybrid-covered position, you would need to buy back the service credit from the other government plan to have it count toward your retirement. Purchase Service Credit with Rollover from another Plan You may pay INPRS for service in the form of a rollover from another tax-deferred retirement plan, as defined in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This purchase may be done as a “trustee-to-trustee transfer” (moving retirement assets from one managing institution or custodian directly to another) or a rollover and should not be for more than the cost to purchase the service. Any excess amount is deposited in your TRF Hybrid RSA account. 4.8 Service in a Dual Position Indiana Administrative code (35 IAC 14-4-2) dictates that whenever an individual is employed by the same employer in a position which requires the performance of covered and non-covered service, contributions shall be paid from the portion of the annual compensation attributable to the covered service. Service in a dual position can also have a meaning in relation to service credit. Working in a TRF Hybrid and PERF Hybrid covered position simultaneously can only earn one year of service credit for the same time. 4.9 Reinstatement of Service As of July 1, 2018, if you separate from service and later return to service in a TRF Hybrid-covered position, your service credit will immediately begin accruing from the date you separated from service. If you separated from service and took a distribution prior to July 1, 2018, you must return to a TRF/PERF Hybrid covered position for ½ year to have your service reinstated. 4.10 Service Credit Inquiry NOTE: If you question your amount of creditable service with a current or former employer, YOU are responsible for providing evidence that service was rendered for the time being questioned with that employer. Teachers' Retirement Fund Hybrid Plan Member Page 22 of 47 Handbook Effective: 07/01/2024