Show notes
Timing is everything, especially when it comes to your retirement! TRS Counseling Team Lead, Monica Castine and TRS New Retirement Operations Manager, Carlos Marshall, will help you understand the process in two time periods: BEFORE and AFTER your retirement application has been submitted.Monica will prepare you with: when to turn in your applicationthe benefit of unused sick leave & other sick leave topics information on purchasing service - including Air Timehow to get a benefit estimatewhere and how to apply for retirement Carlos provides insights on:common issues that can delay the processwhy changes in retirement calculations occur when you can expect your first checkhow sick leave & beneficiaries impact your retirement benefitother practical tips to getting your application submitted correctlyAdditional topics include:healthcare subsidies & where to find more infoa review of important things to considerTimestamps 00:00 - Intro01:07 – When to apply for retirement?01:55 – Sick leave minimum amount02:18 – Accruing sick leave with more than one employer02:46 – Sick leave awarded higher than the maximum monthly allowance03:49 – Withdrawn sick leave04:18 – Purchasing service toward retirement05:30 – Airtime service06:32 – Benefit estimates to calculate pension amount07:25 – How do I apply for retirement07:55 – Help with retirement application08:21 – Documents to send with retirement application08:57 – Delayed retirement benefits09:39 – Salary changes prior to retirement10:37 – Factors that can affect retirement benefit calculations11:46 – When is the first check processed?12:19 – Sick leave adjustments after retirement date12:59 – Beneficiary effect on monthly benefit13:53 – Avoiding early retirement reductions14:30 – Advice for employers sending member info to TRS15:16 – SHBP healthcare subsidy16:20 – Ensuring a timely processing of your applicationAre you about to retire? If you haven't had the chance to meet with us one-on-one in a virtual or in-person format, and are within 2 years of retirement eligibility, be sure to log in to your TRS account online and register for a session today! Are you new to TRS or in the middle of your career? Be sure to designate your beneficiaries as soon as possible in your TRS online account. We want to hear from our members! Please email the show for topic inquiries, questions and comments! Contact us at [email protected]. Host: Everett Crockett Guest: Monica Castine, TRS Counseling Team LeadCarlos Marshall, TRS New Retirement Operations ManagerFor more information visit: www.trsga.com Facebook: https://www.facebook.com/trsgeorgia YouTube: https://www.youtube.com/@trsgeorgia #retirementplanning #pensionpodcasts #retirement