Retiring in 2013 and have not yet filed your application?
Be sure to file “on time”—and plan your finances if you file “late”

We will be converting to a new computer system later this year, which may require a brief and temporary interruption to our retirement processing system.

You should file your application four months BEFORE your retirement date. If you don’t, your application will be considered filed “late,” and you should expect a delay of up to four months before you receive your first retirement check.

If you file “late,” be sure to plan your finances so that you have sufficient funds to cover any delay. Plan to cover the period between your last paycheck and your first retirement check, which could be up to four months, and make arrangements with your local insurance coordinator so that there is no lapse in your health coverage during this time period.
 

 

Ready to retire?

Please be prepared to spend some time reviewing the information that follows. This is your retirement—it is important that you understand both how your benefits are calculated and the retirement application process. Your MTRS benefits will most likely be one of your most valuable assets in retirement, and your decisions will affect the rest of your life.

The retirement application process requires that you take these two major steps:

  • Step 1: Understand the retirement formula and process.
  • Step 2: Complete and submit your Retirement Application.

However, before you begin the retirement process, you need to estimate the amount of your retirement allowance under the three available options and determine that what you may receive is appropriate for your personal and financial situation.

If you have any questions along the way, please don’t hesitate to contact us. We look forward to seeing you through the process and serving you in retirement!