I'm Ready to Retire! Now What? Your Guide to the Retirement Application Process

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03:49 – Withdrawn sick leave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 ⁠⁠⁠⁠[e-mail]⁠⁠⁠⁠.

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

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