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Service Buyback Package > Advantages
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Public Service Pension Plan
Advantages
Advantages of buying back prior service include:
- Increased pensionable service, which increases your pension,
- Increased pension benefit for your survivors,
- The completion of 35 years of pensionable service at an earlier date,
- The possibility of retiring earlier.
All pension benefits payable under the plan relate directly to service and salaries. As the number of years of pensionable service to your credit increases and you reach higher levels of salary, the pension benefits that you and your eligible
survivors can expect to receive increase accordingly.