Home   Retirement Phased Retirement Instructions for Retirement

Phased Retirement Program (PRP) for Tenured Faculty Retirement Guidelines

Steps to follow once approved for Phased Retirement:

1. Schedule an appointment with your Benefits Counselor to discuss your benefits in detail.  Review the Continuation of Benefits information.
   
   
2. Please complete the following forms as early as 90 day prior to the effective date of retirement (the retirement effective date is always the 1^st of a month):

State Retirement System (TSERS) Participants:

• Application for Retirement

• Direct Deposit Authorization Form

• Tax Withholding Form

• State Health Plan Retiree Enrollment Form

• Social Security form for Medicare if age 65 or older

• Phased Retirement Program Participant Deduction Election Form

Optional Retirement Plan (ORP) Participants:

• State Health Plan Retiree Enrollment Form
  

• Social Security form for Medicare if age 65 or older
  
  
• Phased Retirement Program Participant Deduction Election Form
  
  

  TSERS

  Shortly before your retirement date TSERS participants will receive in the mail:

  • Information on the $6,000 Contributory Death Benefit for Retired Members (usually comes first)
    
    
  • An estimate of retirement benefits
    
    
  • An Election of Benefit Form (Form 6-E) *must be signed in presence of a Notary
    
    
  • Federal and NC State Tax Form (Ret. 290)
    
    
  • Immediately complete forms and return to TSERS to avoid delays in receiving retirement benefits

  ORP

  ORP participants will receive in the mail:

  • Retirement information kit from ORP vendor
    (You are encouraged to contact your ORP vendor to discuss your retirement options)
    
    
  • The State Health Plan will send you a letter giving you the choice for bank draft or direct monthly payment for premiums for you dependents.

  *Notary Services are provided in the Benefits Office