Connecticut Teachers' Retirement Board

Instructions for Additional Service Credit Cost Estimator

Before You Begin

The Additional Service Credit Cost Estimator (ASCCE) is a tool designed to help you estimate the cost of purchasing Additional Credited Service. Refer to the Purchasable Service Credit page for the complete listing of service item #1 that may be purchased as additional credited service, as well as the limitations for such service.

Do not use this calculator if you are purchasing Previous Connecticut Teaching Service (see Purchasable Service Credit item #2) or are currently on an approved leave of absence (see Purchasable Service Credit item #3).

The ASCCE uses a complex formula to determine the full actuarial cost attributable to the purchase of this service, with the cost shared equally by you and the Connecticut Teachers’ Retirement Board. The resulting amount from the ASCCE reflects your cost to purchase this service.

Payment can only be remitted to the CTRB after you have received an official bill or invoice for your additional service credit. You must return the bill with your payment, and both must be received no later than the due date. Review the Acceptable Payment Policy.

It will be useful to have your latest Connecticut Teachers’ Retirement Board (CTRB) Member Annual Statement and these instructions available before you begin using the Additional Service Credit Cost Estimator. You may also want to print the Purchasable Service Credit page for reference.

Calculation Date

Enter the date you plan to purchase your credit. This date must be the first day of a month. Examples: 1/1/16 or 1/1/2016. The calculation date must be at least the first day of the month following receipt of your documentation by the CTRB. If your documentation was received in December 2015, the calculation date will be January 1, 2016. If your documentation is received in March 2016, the calculation date should be April 1, 2016.

Member Information

Member Name: This is not matched to our database and is not a required field, so you can use your birth name, a nickname, first name only, or another preferred entry.

Member ID: This is not matched to our database and is not a required field, so you can use your Social Security number, TRB account number, or leave the field blank.

Member Date of Birth (DOB): Enter your birth date. Examples: 8/30/54 or 8/30/1954.

Salary

Enter the full-time, full-year annualized pensionable salary.

Annualizing Your Salary

  • If your statement says Year: 2015-16, Empl Credit: 1.0, FTE %: 90.0, and Pensionable Salary: $75,033.00, divide the pensionable salary by the FTE percentage to annualize the salary. For example: $75,033.00 / 90% = $83,370.00. Enter $83,370.00 in the Salary box on the calculator.
  • If your statement says Year: 2015-16, Empl Credit: 0.5, FTE %: 100.0, and Pensionable Salary: $41,685.00, divide the pensionable salary by the employment credit to annualize the salary. For example: $41,685.00 / .5 = $83,370.00. Enter $83,370.00 in the Salary box on the calculator.
  • You can also obtain the pensionable salary from your contract.

Service

Earned Service: Connecticut — Include in This Box

  • All service listed as Current Vesting Service from your last Annual Statement, plus earned service up to the calculation date.
  • Years of prior Connecticut service withdrawn that you have paid back up to the calculation date.
  • Years of credit defined as back deductions for mandatory contributions you have paid back up to the calculation date:
    • Hourly paid certified teaching, often referred to as tutoring, Title I, ESL, or CETA.
    • Permanent substitute teaching. You must have worked as a long-term substitute from the first working day of the school year until the last working day of the school year.
    • State of Connecticut employment — teaching.
    • Part-time lecturing when you were also employed by a local board of education.
    • Adult High School Credit Diploma Program.
    • Veteran’s Re-Employment Act.
  • If you made payments of the mandatory contributions while on a current leave of absence, include this service.

Already Purchased: Connecticut — Include in This Box

  • Wartime military service.
  • Previous leave of absence.
  • Substitute teaching.
  • Part-time service of less than 50%.
  • Part-time lecturer service when you were employed 50% or more only at one of Connecticut’s universities or colleges and were not employed by a local board of education.

Already Purchased: Non-Connecticut — Include in This Box

  • Peacetime military service.
  • Military dependents school.
  • Outside State Teaching (OSS) in public schools.
  • Full-time, permanent State of Connecticut employment in a non-teaching position.
  • Elected official service as a full-time, salaried elected official.
  • Federal Teacher Corps.
  • Peace Corps.
  • Social Work Assistant in a public school from 1969–1986.
  • VISTA.
  • State Education Resource Center Teaching (SERC).
  • Teaching service at the American School for the Deaf, Connecticut Institute for the Blind, or Newington Children’s Hospital, now Connecticut Children’s Medical Center.

Sample 2015-16 Member Annual Statement — The Current CT Service is highlighted in yellow.

Important Note

Additional Service Credit purchased within five years of the effective date of your disability, or while you are receiving a disability allowance, will not be used in the calculation of your disability allowance.