Retirement Planning Checklist: Retiring in a Few Years

Even if retirement is still a few years away, it’s smart to start preparing now. Understanding your options early can help you make confident decisions. Use this checklist to get started.

• Set Up Your Web Member Services Account

  Web Member Services is available 24/7 and gives you access to important tools and information. You can:

  • Update your membership details
  • Create benefit and purchase cost estimates
  • Apply for retirement online
  • View and print documents in your Document Center

    Register at https://wms.psrs-peers.org.

• Attend PSRS/PEERS Education Programs

  PSRS/PEERS offers a variety of educational opportunities to fit your schedule, including:

  • In-person and virtual seminars
  • Webinars
  • In-person, web, and phone counseling sessions

    These programs help you understand your retirement benefits and options. See schedules and register on Web Member Services.

• Consider Purchasing Service
  Buying service may help you retire sooner or increase your benefit. Before making a purchase, ask:
• Will it help me retire earlier or with a higher benefit?
• Will I recover the cost through benefits within a reasonable time after retirement?

PSRS members, learn more at https://www.psrs-peers.org/PSRS/Purchases-and-Reinstatement.

PEERS members, learn more at https://www.psrs-peers.org/PEERS/Purchases-and-Reinstatement.

• Keep Your Beneficiaries Up to Date

  Make sure your pre-retirement beneficiaries are current with PSRS/PEERS. This ensures any benefits payable upon your death are distributed according to your wishes.

  • Review and update beneficiaries on Web Member Services.

• Review Your Member Statement Each Year
  Your Member Statement includes valuable information about your membership, service, retirement eligibility, and estimated benefits. Reviewing it annually helps you stay informed and on track. You can find your past statements in your Document Center on Web Member Services.