Start Your July 1 Retirement on Time: Know the Rules

To begin retirement on July 1, make sure your Service Retirement Application Packet is submitted online or postmarked by June 30.

Also make sure you follow all the rules for proper termination of 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: If you meet the June 30 termination deadline, you can receive paychecks through August.