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News & Updates

 Installment Service Purchase Program Interest Rate

The interest rate for service purchases initiated through the Retirement Systems’ Installment Service Purchase Program during fiscal year 2007 will be 10 percent. Per statute, this new rate is comprised of the prime lending rate plus 2 percent and will be effective for any installment accounts with activation dates of July 1, 2006, or later.

Use our calculators to see what it would cost to purchase additional service credit, or to estimate your retirement benefit.
Our SystemsSouth Carolina Retirement SystemState Optional Retirement SystemPolice Officers Retirement SystemGeneral Assembly Retirement SystemJudges and Solicitors Retirement SystemWe're actively looking for inactive accounts! If you have worked for a covered employer in the past, we might have some of your money. Take a look!

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