SSeerrvviice Cce Crredediitt 1. Be currently employed in a TRF/PERF Hybrid-covered position. 2. Have at least 10 years of TRF/PERF Hybrid-covered employment. You may purchase additional service credit that can be used toward the calculation of your pension benefit if you meet the following criteria:  Have worked in similar teaching position(s) in another state.  Have worked in similar teaching position(s) in an accredited Indiana private school.  Have substitute teacher service that is not otherwise included under membership eligibility as outlined in this handbook.  Have prior military service that was not credited under USERRA or other State pension law.  You have been in the TRF Hybrid Fund for one year unless the purchased service is classified as “Airtime”. See the Purchase “Airtime” Service Credit section of this handbook for more information. Cost to Purchase Service Credit The purchase cost of additional service is calculated based on your age, years of service, and salary. The sooner you make such a purchase, the lower the purchase cost. The calculation of the actual cost to purchase service credit is valid for 30 days. If the purchase is not completed in 30 days, the cost must be recalculated. If you are interested in getting an estimate of how much it could cost you to purchase extra service credit, you can do one of the following:  Access your online account or visit the Online Calculators page on the INPRS website for an estimate.  Contact INPRS at (844) GO-INPRS for an estimate.  You can submit your request via email to questions@inprs.in.gov. Purchase Out of State Service Credit If you do not qualify to transfer your out-of-state service credit, as explained in the Out of State Service section, then you can purchase this type of service. You can earn creditable out-of-state service with TRF Hybrid if you:  Taught in another state at a public school in which service is covered by a retirement fund comparable to TRF Hybrid (10 years of creditable service, not including PERF Hybrid or military service—service will not be added until you have 10 years of service),  Taught military dependents on a regular and continuing basis. Service could be inside or outside of the U.S.  Were on a comparable leave of absence from service, or  Served at a federal agency in a position comparable to teaching in Indiana. NOTE: You cannot use your out-of-state service to receive any additional benefits from another state or federal retirement system. If you qualify for a benefit from another state or federal retirement system, you cannot use that service to get creditable service with TRF Hybrid. To purchase out-of-state service, you must do the following: 1. Complete the Verify Your Out of State Teaching Service Credit form available on the TRF Member forms page of the INPRS website. 2. Send the form to the out-of-state school where you worked. Teachers' Retirement Fund Hybrid Plan Member Page 20 of 47 Handbook Effective: 07/01/2024