If you're a participant in the California State Teachers' Retirement System (CalSTRS) or California Public Employees' Retirement System (CalPERS), you may be eligible to buy service credits to increase your monthly retirement benefit.

Your retirement benefits are based on your age at retirement, salary, and "service credit" you earned for the time you worked. You can see your balance in your most recent STRS Retirement Progress Report or PERS Annual Member Statement.

Eligible school employees can buy additional service credits to increase their retirement benefits.

If you aren't able to pay for service credits in a lump sum or with a rollover from a qualified plan, our low-interest STRS/PERS Retirement Credits Personal Loan is an affordable option.

Your STRS or PERS benefits specialist can help you calculate costs, estimate your benefits, and decide if buying credits is right for you.

How it works

• Use to purchase additional service credits to increase your retirement benefits.
• Borrow up to $25,000.
• Enjoy a rate as low as 5.40% APR (SEE ALL RATES).
• Choose a term to fit your budget, up to 60 months.¹

How to qualify

• Be a school employee.
• Complete a loan application and credit check.
• Provide a copy of your STRS or PERS confirmation letter.

HOW TO APPLY

Call (800) 462-8328

Monday through Friday, 7 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.

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