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GPSSA

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Question
What is meant by purchasing a service period and what is the benefit of purchasing a service period?

Purchasing a nominal service period refers to buying a non-actual service period from GPSSA. However, please note, this non-actual service period is considered to be actual years of service as per the Pension Law, and the service years purchased can be added to an insured individual's actual service period to increase his/her salary pension rate.