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Human Resources

Benefits: Getting Ready to Go (DRS Members)

As you near retirement, you will need to:

  • Check your PERS, TRS, or LEOFF member handbook, to make sure that you are eligible to retire, based on your age and years of service.
  • Estimate whether your pension, Social Security and savings will meet your retirement income needs. If you are more than one year from retirement, you can follow the step-by-step method to estimate your retirement income.

If you are a member of PERS 3 or TRS 3, you will also need to estimate the income from the savings side of your retirement plan.

Countdown to Retirement

About 3 months before retirement:

  • Order the forms to begin receiving income from PERS, TRS or LEOFF
  • Contact Social Security to  begin receiving income

About 1 month before retirement:

  • Return completed forms to Social Security & PERS, TRS or LEOFF
  • Sign up for continued medical insurance with the benefits office
  • Sign up for VEBA with the benefits office (unused sick leave is cashed out at 25% into a VEBA medical spending account)

NOTE: The University and the Benefits Office staff cannot provide investment advice to employees.

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