Planning to Retire July 1? Apply by June 30!

If you are planning to retire July 1, your application is due by June 30.

It’s easy to apply for retirement online using Web Member Services at wms.psrs-peers.org. After logging in, open the Membership menu and select File for Service Retirement. You will receive step-by-step instructions to complete your application, and you can save your progress if you need to pause and return later.

Before you start, gather your beneficiaries’ dates of birth, addresses, and Social Security numbers, as well as your bank information.

Once you submit your application, we will send confirmation of receipt within two weeks. If you don't receive a confirmation letter within two weeks or before your retirement date, call (800) 392-6848 or email us at [email protected].

Termination Deadline Is Also June 30

In addition to submitting your application, you must terminate covered employment by June 30 to retire July 1.

To properly terminate employment:

• You must end all employment with all PSRS/PEERS-covered employers before your retirement date.
• You cannot return to work for a covered employer in any capacity for one month after your PSRS/PEERS retirement date. This includes volunteer work if you later become a paid employee with the same employer in the same or a similar position.
• You cannot enter into any agreement, written or unwritten, for future employment in any capacity with a covered employer until after receiving your first retirement benefit payment. This includes any early retirement incentive or separation agreement that requires you to return to work or volunteer in any capacity after retirement in exchange for salary or benefits, including health insurance.

Note: Some retirees who terminate employment on June 30 will continue to receive paychecks through August. That is fine. If you meet the June 30 termination deadline, you can receive paychecks through August.