Prior Service Purchase Calculator

You can buy eligible prior service under SHEPP. There are two reasons you may wish to buy service:

  • To increase your pension; and/or
  • To be able to retire at an earlier date with an unreduced pension.

That is because your purchased service is added to your regular credited service for the purpose of calculating your pension and determining your eligibility for early retirement with an unreduced pension.

For more information refer to the Prior Service Purchase Information Sheet.

All current SHEPP active members can perform their own service purchase cost estimate by accessing the Prior Service Purchase Calculator on SHEPPweb.

To use the Prior Service Purchase Calculator:

  1. Sign in to SHEPPweb. If you've never used SHEPPweb before, check out Getting Started with SHEPPweb or view the Introduction to SHEPPweb video on the Video Tutorial page.
  2. Select "Use a Pension Calculator" from the Web Services menu on the left.
  3. Select the "Prior Service Purchase Calculator" button from the middle of the screen.
  4. Enter all relevant information in the calculator.
  5. Click "Calculate."

Watch our Video Tutorial if you are having trouble using the calculator or would like to know more about how the information entering in the calculator will affect your estimate.

For an official cost quote or to proceed with a prior service purchase please contact SHEPP.