Timing is everything, especially when it comes to your retirement! TRS Counseling Team Lead, Monica Castine and TRS New Retirement Operations Manager, Carlos Marshall, will help you understand the process in two time periods: BEFORE and AFTER your retirement application has been submitted.
Monica will prepare you with:
- when to turn in your application
- the benefit of unused sick leave & other sick leave topics
- information on purchasing service - including Air Time
- how to get a benefit estimate
- where and how to apply for retirement
Carlos provides insights on:
- common issues that can delay the process
- why changes in retirement calculations occur
- when you can expect your first check
- how sick leave & beneficiaries impact your retirement benefit
- other practical tips to getting your application submitted correctly
Additional topics include:
- healthcare subsidies & where to find more info
- a review of important things to consider
Timestamps
00:00 - Intro
01:07 – When to apply for retirement?
01:55 – Sick leave minimum amount
02:18 – Accruing sick leave with more than one employer
02:46 – Sick leave awarded higher than the maximum monthly allowance
03:49 – Withdrawn sick leave
04:18 – Purchasing service toward retirement
05:30 – Airtime service
06:32 – Benefit estimates to calculate pension amount
07:25 – How do I apply for retirement
07:55 – Help with retirement application
08:21 – Documents to send with retirement application
08:57 – Delayed retirement benefits
09:39 – Salary changes prior to retirement
10:37 – Factors that can affect retirement benefit calculations
11:46 – When is the first check processed?
12:19 – Sick leave adjustments after retirement date
12:59 – Beneficiary effect on monthly benefit
13:53 – Avoiding early retirement reductions
14:30 – Advice for employers sending member info to TRS
15:16 – SHBP healthcare subsidy
16:20 – Ensuring a timely processing of your application
Are you about to retire? If you haven't had the chance to meet with us one-on-one in a virtual or in-person format, and are within 2 years of retirement eligibility, be sure to log in to your TRS account online and register for a session today!
Are you new to TRS or in the middle of your career? Be sure to designate your beneficiaries as soon as possible in your TRS online account.
We want to hear from our members! Please email the show for topic inquiries, questions and comments! Contact us at podcast@trsga.com.
Host: Everett Crockett
Guest: Monica Castine, TRS Counseling Team Lead
Carlos Marshall, TRS New Retirement Operations Manager
For more information visit: www.trsga.com
Facebook: https://www.facebook.com/trsgeorgia
YouTube: https://www.youtube.com/@trsgeorgia
#retirementplanning #pensionpodcasts #retirement
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