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.
Contact Employer Services for more information.
Download the Early Retirement Incentive Guide