Public Act 92 of 2017, which was signed into law today, discontinues the option to initiate a service credit purchase as of September 29, 2017. This change in the law has no other effect on your pension or retiree healthcare benefits, and it does not affect purchases you’ve already made or tax-deferred payment agreements you may already have in place.
If you’re planning a service credit purchase, full payment for the amount of service you wish to buy or a fully completed Tax-Deferred Payment (TDP) Agreement (R0392C) signed by both you and your employer must be received in our office by 5:00 p.m