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STEPS TO RETIRE

TIMELINE

DESCRIPTION

2 to 5 years prior to retirement

Visit the Virginia Retirement System (VRS) Web site at www.varetire.org for retirement information. There are many retirement resources available to the potential retiree on the VRS Web site. To keep current, go to www.varetire.org myvrs login page and select “myVRS” under the Members tab. This program will allow you to estimate your retirement benefits using current information.

Consider enrolling in a Group Counseling Session offered by VRS this session provides information on your VRS benefits and the retirement application process.

1 to 2 years prior to retirement

Continue to visit the VRS Web site and access your VRS information at www.varetire.org. Attend a VRS seminar and/or participate in a VRS webinar. Information regarding the VRS seminars and webinars are posted at www.varetire.org and click on Education and Group Counseling.

Download the VRS handbooks Applying for Service Retirement and Pre-retirement Retirement Planning Guide

6 months to 1 year prior to anticipated retirement date

Contact the Office of Benefit & Retirement Services to discuss your anticipated retirement date and to review the final steps of the retirement application process.

3 to 4 months prior to last day worked

Contact the Office of Benefit & Retirement Services to schedule an appointment to complete the retirement process. Retirees will receive a confirmation letter and the necessary retirement forms. If eligible, the Retirement Opportunity Program (ROP) enrollment forms and health insurance forms will be completed at the retirement meeting.

Up to 3 months but no later than June 1 of the school year (for teachers) or 2 weeks prior to the last day worked (for management and 250-day employees)

Submit a letter of retirement to your principal/supervisor and to the appropriate supervisor of the Department of Human Resources. The retirement letter is on the intranet under Human Resources, Forms, Letter of Resignation/Retirement Form.

Retirement Effective Date

Congratulations and best wishes in retirement.

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