Public Employees Running Out of Time to ‘Buy’ Service Credit

(PRLEAP.COM) CENTENNIAL, Colo. – Public employees are running out of time to take advantage of an opportunity to retire up to 10 years earlier than scheduled.

State, municipal, judicial employees and school employees all participate in the Colorado Public Employee Retirement Association (PERA), and if they qualify have only a short time to “buy” service credit, which may allow them to retire early.

“PERA’s service credit purchase option still looks very profitable, but we are convinced that the benefit will loose its punch on November 1, 2005 due to the rate hike,” explained Ben Sarsozo of Integrated Investment Group, Inc. (IIG), the leading provider of PERA service credit purchase strategies. Information about the rate change is available on the web at http://www.iigpera.com/pera/pera.php.

The questions facing the more than 182,000 active PERA members considering the options available to them are many, and no one answer is right for everyone. IIG, is providing assistance and seminars, and a special web site packed with helpful information.

IIG is offers frequent seminars to assist PERA members to evaluate their potential benefits and opportunities. A calendar of the sessions can be found at http://www.iigpera.com/events.php and a list of helpful documents used in the “webinars” is at http://www.iigpera.com/Pera/pbb-agenda.php.

When the federal tax laws changed in June 2001, PERA allowed members to use the Pension Portability Act to transfer qualified accounts to purchase “time.”After careful evaluation, IIG advised their clients that this opportunity should be pursued.

“There are so many moving parts that we found it necessary to design a turnkey system to address the many questions that needed answers. Every day we help individuals consider the pros and cons of purchasing PERA service credit,” said Sarsozo.

Now the opportunity appears to be coming to a rapid close because of the rate change that will go in effect on Nov. 1. The window of opportunity is closing, but Sarsozo said that IIG has established a support system to help as many PERA members as possible evaluate their options before time runs out.

“IIG stands ready to act as a coach of sorts to assist PERA members as they evaluate the benefits of buying service credit. We have designed a do it yourself system that should enable many individuals to secure a purchase agreement before the October 31st, 2005 deadline,” said Sarsozo. Complete information can be found at the company web site at www.iigpera.com, or by calling 303-632-9725.

About Integrated Investment Group, Inc.
IIG is located at 6006 S. Netherland Circle, Centennial, Colo. and has been serving the needs of PERA members since 1987. IIG has about 2000 clients throughout the state. PERA members are the company’s “client of choice.” Securities are offered through VSR Financial Services, Inc., member NASD & SIPC. Advisory Services offered through IIG, Inc., a registered investment advisor. IIG is not affiliated with Colorado PERA

Contact:
Ben Sarsozo
303-632-9725
Ben@iigrp.com

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