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Purchasing Military Service

Oct 7, 2020, 16:19 PM by MOSERS
Is there a way to purchase 48 months of military time, where Mosers deducts the purchase amount from the Back Drop total. ??? 

No. You must complete any purchase of military service prior to applying for retirement. BackDROP funds are distributed after retirement. However, if you have money in your MO Deferred Comp account, as a member of MSEP or MSEP 2000, you can use those funds to purchase prior military service (exception: Roth 457 assets cannot be used to purchase service credit). You can view our Purchasing and Transferring Service Credit brochure (MSEP & MSEP 2000) for more information. If you have additional questions, feel free to contact a MOSERS benefit counselor or contact MO Deferred Comp.

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