Nearing the Retirement Finish Line?
by Benjamin Robinson, Strategic Communications
If your retirement is on the horizon, you are probably starting to have many questions about the process and how you will start receiving your lifetime pension from the ASRS. To help answer those questions, the ASRS offers a four-part “Road to Retirement” member education series, consisting of eLearnings and webinars. In the last few issues of Futures, we’ve taken a look at Routes 1, 2, and 3 in the series. This time, we’ll take a closer look at the final session in the series, “Route 4: Next Exit Retirement.” This webinar is for members retiring within six months and designed to help you finalize your retirement choices.
Route 4 provides you with essential information as you approach your retirement, including the significance of your credited service and your average monthly salary as an active member, as well as the seven different annuity options available to you (and how each one will determine the amount of your lifetime benefit and the survivor benefit for your beneficiaries). We even illustrate our entire application process so you will understand when to apply, how to apply online, and when to expect your initial pension payments.