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NEED info. Phoenix PD and PSRS Retirement

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  • NEED info. Phoenix PD and PSRS Retirement

    SO, while im waiting to take the test....
    Any current officers who can answer this, by all means chime in...

    So, PSRS has a buyback system in place for retirement purposes.
    You can buyback a few different types of "service time".
    For the sake of this example, we will stick with military time.
    You cannot start to purchase service time, until you have completed 5 years of time with the employer.

    I found an estimator xml file on PSRS website. Based on that form, if I want to buy 5 years of military time back,
    Its going to cost me over 100k..IS THIS CORRECT?
    Based on the estimator, I would have to pay over 400 a check, for 15 years, to get those 5 extra years off of the 25 year requirement.

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