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Service Description

Purchase of Service Years

Last Update: 10/22/2019 8:38:43 AM

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Purchase of additional service period for the purpose of increasing pension value


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Service Users Count 647

Estimated Time

10 mins

Required Documents

- Purchase service years form. 
- Current salary certificate. 

Prerequisites

- Visit GPSSA's portal specifically the employers services page.  
- Fill in the required data and attache the required documents. 

Service Procedure

Purchase requests are accepted through this website only. No requests may be submitted through customer happiness centers or any other channels.

To submit an online request to purchase a virtual service period, please follow the steps below:

  1. Click on the 'Start service' tab above.
  2. Login to your Employer account on our website.
  3. Fill in the application form.
  4. Attach the form along with the other required documents.
  5. Submit the request for GPSSA to calculate the cost.
  6. Receive notification with the total cost.
  7. Approve the cost and make the required payment.
  8. The purchased virtual service duration is added to the contributors profile at GPSSA.

Service Users:

EmployerInsured

Departments:

Contributions

Service Recipient:

Government to Individuals

Service Fees:

Free

Service Channels

E-services Portal

  1. FAQ
    1. What is meant by Purchase of Nominal Service Periods?
      1. Nominal Service Periods are non actual service periods deemed by the Pensions Law as actual periods, which the insured may apply for purchasing from the Authority and be added to his actual service periods to increase pension amount.
    2. What is the number of Nominal Service Periods, which purchase may be requested and what are the conditions for purchase?
      1. ​Service periods, which may be purchased, are 10 years for the female insured and 5 years for the male insured.

        ​Purchase conditions:

        • Apply for purchase before end of service.  
        • Service year upon purchase shall be 20 years.
        • Payment of purchase cost at the rate of 20% x Contribution Calculation Salary on the date of purchase application x the service periods requested to be purchased.

        How ​purchase cost is paid:

        ​- It can be paid in one lot.

        - or on installment as follows:

        • Via first cash payment equal to 50% of total purchase cost.
        • Purchase cost remaining shall be paid on monthly installments not less than quarter of the monthly salary provided that the installment period shall not extend beyond four years or the date on which the insured shall become 60 years old, whichever comes earlier.
        • The insured shall submit an acknowledgement to deduct purchase cost installments from his monthly salary deposited in his bank account until full repayment and receipt of a release from the Authority.
        • If the insured person service is terminated without payment of total purchase cost, purchased period shall be calculated against the sums already paid.

           
        • Payment of the remaining installments shall be continued by deducting them from the pensions of his beneficiaries of the insured if the service of the insured is ended by death prior to full repayment.​
    3. Should the employee be in service to be able to add previous service periods or purchase a legal service periods?
      1. ​Yes, the existing law requires that an employee shall be in service to be able to add the previous service periods or legal service periods; because the addition cost is calculated based on the salary at the time of addition request, and because the added service period is calculated with the pension to be disbursed from the next day of end of service date. 

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