Yes. Such service can be purchased by a contributing member and it is calculated as the amount of the refund plus accumulated interest at the actuarial assumed rate of return on investments from the date of the refund to the date of commencement of the repurchase.
CPERS allows up to four (4) years for repayment with no additional interest, or six (6) years with additional interest. Payroll deduction is allowed. Payment in the form of a transfer from another qualified plan such as an IRA or 457 plan (deferred compensation) is also acceptable. For further information, contact us at 225-389-3272.