How do I Retire?

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One to three years prior to retirement

If you are considering retirement within the next three years or if you are a State Trooper or law enforcement officer considering participation in the Deferred Retirement Option Program (DROP), it is recommended that you attend one of the State Retirement Agency’s pre-retirement seminars or online webinars. Register online or contact your personnel department for details. Seminars are conducted annually in the spring and fall.

Twelve months prior to retirement

Submit the Application for an Estimate of Benefits form for your plan. Keep in mind that this form is not a retirement application. It is designed for planning purposes only.

Apply to purchase any eligible service by filing a Form 26: Request to Purchase Previous Service along with your request for an estimate.
 
Apply for any eligible military credit by submitting a Form 43: Claim of Retirement Credit for Military Service.

Six months prior to retirement

If desired, schedule an appointment with a retirement benefits specialist to review your estimated benefits. It is recommended that you bring a copy of your latest estimate so you and your specialist can discuss this information at the meeting.

Discuss your estimated benefits/options with your family and financial adviser.

Contact your personnel office to inquire if you may continue employer-provided benefits, such as health insurance, after retiring.

Obtain proof of birth for beneficiaries if considering Option 2, 3, 5 or 6.

Two months prior to retirement

File the retirement application for your plan with your personnel office. Remember to include proof of birth for designated beneficiary if requested on the form.

If eligible, complete authorization forms to continue your health coverage and any other benefits provided by your employer.

Complete a Form 85: Direct Deposit—Electronic Fund Transfer Sign-Up for the electronic transmission of your payment to your bank, savings institution or credit union. 

Complete a Form 766: Federal and Maryland State Tax Withholding Request.

One month prior to retirement

Submit a formal letter of retirement to your employer.

Review important tips for new retirees.