: Typically, you must be a vested member to make a service purchase. Vesting generally requires seven years of service or reaching age 65 while in covered employment.
For Iowa public employees, the IPERS buy-back program is a valuable tool for retirement planning. While it requires an upfront investment, the long-term increase in guaranteed monthly income can provide significant financial security. Members interested in this option should contact the Iowa Public Employees' Retirement System directly to request an official cost quote and verify their eligibility.
: Eligible time often includes prior IPERS-covered service that was refunded, military service, and certain non-covered Iowa public employment like substitute teaching. 2. The Cost of Buying Back
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