(for members hired before 1/1/19)

(for members hired before 1/1/19)

TABLE OF CONTENTS

Retirement Basics

Introduction01

Retirement Eligibility02

Key Players in Your Retirement04

Major Eligibility Milestones05

General Steps to Prepare for Retirement

06

Retirement Planning Checklist08

Retirement Counseling Preparation Checklist

09

SERS Regional Counseling Centers11

Basic Benefit Calculation

13

Your Important Retirement Decisions

Can I Purchase Previous Service?17

When Am I Going to Retire?18

What Are My Monthly Payment Options?

19

Are There Benefit Limitations?

22

Who Will I Name As My Beneficiary or Survivor?

23

Can I Withdraw My Contributions?25

Do I Want Money Withheld for Federal Income Tax?

26

What Are My Health Care Options in Retirement?

27

After You Retire

After You Retire

33

Keep Your Beneficiary List Up-To-Date

35

SERS Provided Services

36

Additional Information and Resources

Divorce and Domestic Relations/Support Orders

39

Taxes41

Other Retirement-Related Contacts

43

RETIREMENT BASICS

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