You are seriously thinking about retirement. You have attended the Retirement Planning Seminar, and you are trying to make some decisions. What should you do now?
Request a formal estimate
You can perform you own retirement estimates as often as you like by using the online calculator. However, SCERA recommends that you request a formal estimate within two years of your anticipated retirement date by submitting a Formal Retirement Estimate Request form. For comparison, you may request estimates for up to three retirement dates. The formal estimate will provide estimated benefit amounts for the various Benefit Payment Options. It will also tell you the value of converting your current balance of accrued sick leave to retirement service credit.
Gather your supporting documents
The cover page of the Application Packet lists the supporting documents you must provide at the time of retirement. SCERA encourages you to collect these documents well before your retirement date to avoid any delays in the payment of your benefit. You may submit supporting documents before you submit your application.
Submit your Application for Service Retirement
Once you have decided on your retirement date, you can obtain the appropriate Application for Service Retirement packet from SCERA or by clicking the links to the right.
When you are ready to submit your Application for Service Retirement, please call SCERA for an appointment. We are sorry, but applications will not be accepted after 4:00 p.m. Expect to spend about 30 minutes with a Retirement Benefits Specialist, who will go over your application packet with you and answer any questions you may have.
SCERA can accept your completed application no more than 60 days prior to your retirement date. Backdated applications cannot be accepted. If you are currently working for a SCERA employer you must submit the completed application no later than the last day you are in paid status. Deferred and Transferred members must submit the completed application no later than the first day of retirement.
If you have established reciprocity, you must retire from all reciprocal systems on the same date.