Early Retirement Incentive Plan (ERI)
Early Retirement Incentive (ERI)
Once you are issued a Final Certification of Cost to Employer letter, you have two choices for payment. To avoid interest, a direct payment can be made by June 30 of the fiscal year in which the service is purchased, or a direct payment can be made over an extended period of time. This period of time should not exceed the number of service years purchased, and includes interest.