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Get Purchasing Air Time For Retirement Eligibility A Lasers Member ... - Lasersonline
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How to fill out the Purchasing Air Time for Retirement Eligibility A LASERS Member form online
This guide provides a detailed overview of how to complete the Purchasing Air Time for Retirement Eligibility A LASERS Member form. Follow these instructions to ensure that you fill out the form accurately and completely.
Follow the steps to successfully complete your form.
- Click the ‘Get Form’ button to access the form and open it in your preferred document editor.
- Begin by entering your personal information in the member's information section, including your first name, middle name, last name, today's date, and social security number. Make sure all information is accurate and matches your official documents.
- Fill in your mailing address, daytime and evening phone numbers, email address, and zip code in the designated areas. This ensures the retirement system can reach you if needed.
- Proceed to the instructions section, where you will choose your options for purchasing air time. Make sure to understand the different categories: for benefit computation only, for benefit computation and retirement eligibility, and for upgrading previously purchased benefits.
- Indicate how many years of service you wish to purchase. You can choose from one to five years. Ensure to check the corresponding boxes for your selection.
- Select the applicable LASERS plan by checking the box that fits your employment status. This is crucial for determining the calculation of your costs.
- Review your entries in all sections to ensure they are complete and accurate. An incomplete form can significantly delay processing.
- Sign and date the form to certify that your information is true and correct. Your signature is required to validate the application.
- After completing the form, you can save your changes, download it for your records, print a copy, or share it as needed. Make sure to retain a copy for your personal documentation.
Complete your form online today to secure your retirement eligibility!
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The formula for maximum retirement benefits is 2.5% times creditable years of service (inclusive of leave credit) times the average salary for your thirty-six highest successive months. Minimum eligibility requirements for regular retirement are: 10 years at age 60. 25 years at age 55.
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