Ready to Retire

When can I retire?

If your membership date is prior to April 2, 2012, you are eligible to retire at age 55 with a minimum 10 years of full-time service or if you have at least 20 years of full-time service, you can retire at any age.

If your membership date is on or after April 2, 2012, you are eligible to retire at age 60 with a minimum 10 years of full-time service.

If you are a Group 4 member, you are eligible to retire at age 55 with no minimum service requirement

What steps do I need to take to retire?

1. Get Estimate of Retirement Allowance (set tentative retirement date);
2. Make appointment to meet with Retirement Counselor to review estimate, explanation of benefit options, naming beneficiaries, and the retirement process;
3. Choose retirement date, benefit option, name beneficiaries;
4. Complete and submit retirement forms to Retirement Board;
5. Notify your employer of your intent to retire and make arrangements relative to continuing your health insurance as a retiree.

What forms do I need to complete?

1. Application for Superannuation (Regular) Retirement
2. Choice of Benefit Option
3. Direct Deposit Authorization
4. Tax Witholding (W-4P)
5. Deduction Authorization for Health Insurance
6. Retiree Beneficiary Selection