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South Carolina Retirement Credit for Military Service for Public Employees

South Carolina Public Employee Benefit Authority (PEBA)
Up to six years of purchased service credit, costing at least 16 percent of career highest annual pay per year

As an active member of the South Carolina Retirement System you can buy up to six years of service credit for time you served in the U.S. Armed Forces, which can raise your state retirement benefit or let you draw it sooner. The cost is set by the retirement system’s independent actuary based on your age, your existing service credit and your career highest annual pay, and it will not be less than 16 percent of your career highest annual pay for each year you buy.

Check eligibility

How to apply

Contact the South Carolina Public Employee Benefit Authority to request a service purchase cost quote and submit your discharge paperwork. You can also decide in advance to keep contributing to your retirement account while you are on military leave, or make those contributions after you get back.

What you'll need

Your DD214 showing your service dates and a discharge under conditions other than dishonorable.

Eligibility

  • You are an active member of the South Carolina Retirement System
  • You served in the U.S. Armed Forces and were discharged under conditions other than dishonorable
  • You do not already have service credit for that military service in the South Carolina Retirement System, the Police Officers Retirement System or the General Assembly Retirement System
  • You are purchasing no more than six years of service credit

Source

Official source