Countdown to Retirement (Checklist)
Listed below are the suggested time frames in which you should consider taking certain steps toward your retirement to make your transition as easy and informed as possible:
Two Years from Retirement
If you are planning to retire within the next two years:
Apply to purchase any uncredited service, if applicable.
Click here to see what types of service credit may be purchased.
If you have divorced and never submitted a copy of the Domestic Relations Order (DRO), consider doing it now. Not having an approved DRO (ADRO) on file with PSERS can delay the processing of your retirement benefit. PSERS needs to review the terms of the DRO to ensure it meets PSERS distribution requirements. In the event that there is no Equitable Distribution of the PSERS funds, the former spouse must submit a
Waiver of Pension Benefits
(PDF) form to PSERS.
Consider setting aside funds to cover your living expenses during your retirement benefit processing time frame.
Click here to view the current benefit processing time frames.
Errors on the application or missing information may take even longer to process.
Use the PSERS
online retirement estimate calculator to get an idea of what you may receive as your gross monthly benefit.
PSERS Foundations For Your Future
program. You may attend one of these sessions at any time during your career, but we highly recommend that you attend a program within 18 months of retirement. This program provides an overview of PSERS and benefits for which you may be eligible.
Retirement within the Current School Year
If you are planning to retire at the end of the current school year, by now you should have:
If you have questions as you prepare for retirement, contact PSERS.