Updated on December 30, 2014


  Not for municipalities

Retirement Made Easy

Follow These Steps

Thinking About Retirement

  • Visit or call the State Board of Retirement to find out about your pension options. The State Board of Retirement’s main office is one the 8th floor of One Winter Street in Boston.  The regional office is located in Room 109A at 436 Dwight Street in Springfield.
  • Attend a Smart Retirement and Beyond Seminar for a comprehensive overview of retirement benefits from the State Retirement Board, the Deferred Compensation SMART Plan, and the GIC – see the SRB’s website for the schedule.
  • Start saving so that you have a cushion between your final paycheck and your first pension benefit payment.  State employees:  First pension payments are generally 60-90 days after your retirement date.  The first payment is retroactive to the retirement date and benefit payments are issued on the last business day of each month.
  • Become familiar with your GIC health, life and Retiree Dental options
    • Review the Answers to Frequently Asked Questions about retirement and Medicare.  These sections outline what benefit options you have at retirement, how your GIC benefits work in conjunction with your pension, and what you need to know about Medicare and your GIC health benefits.
  1. Read the GIC Benefit Decision Guide or contact the GIC to have a guide mailed to you to become familiar with your health plan options.
  2. Call or visit the GIC to discuss your options: 617.727.2310 ext. 6; 19 Staniford Street, 4th floor, Boston.

Ready for Retirement

Arrange for Your Pension

  • Complete the State Board of Retirement’s retirement application and return it to the SRB with any necessary documentation such as birth certificates and marriage license.
  • If applicable, contact your Deferred Retirement Plan to file any necessary paperwork.
  • If you are applying for group classification, you can do so up to 12 months prior to your retirement date.

Take Care of Your Health, Life and Dental Insurance

  • Meet with your GIC Benefits Coordinator to complete paperwork indicating your date of retirement, health, life, and Retiree Dental elections
  • Carefully look at your optional life coverage.  Rates increase dramatically at retirement and as you age, and you may want to consider canceling or reducing this coverage.
  • If you and/or your spouse are age 65 or over, visit Social Security to find out about Medicare and sign up for Medicare Part B if eligible.
If you and/or your spouse are age 65 or over and the GIC has been notified by your benefits office about your retirement, contact the GIC about your Medicare health plan options at 617.727.2310 ext. 6.

This information provided by the Group Insurance Commission .