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EMPLOYER EDUCATION April 2017 FACT SHELTER Phased Retirement Option An Option for Coordinated Members Over Age 62 Under specific circumstances, public employees may be able to phase their way into
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How to fill out pera phased retirement option

01
To fill out pera phased retirement option, follow these steps:
02
Obtain the necessary forms from your employer or retirement plan administrator.
03
Review the eligibility requirements to ensure you qualify for the phased retirement option.
04
Fill out the personal information section of the form, including your name, address, Social Security number, and contact information.
05
Provide details about your current employment status and the anticipated date you would like to begin phased retirement.
06
Indicate the percentage of your current working hours that you would like to reduce during the phased retirement period.
07
Complete any additional sections or questions on the form, such as beneficiary information or tax withholding preferences.
08
Sign and date the form, and make a copy for your records.
09
Submit the completed form to your employer or retirement plan administrator as instructed.
10
Follow up with your employer or retirement plan administrator to ensure your request is processed correctly.
11
If approved, review the terms and conditions of the pera phased retirement option and any additional documentation provided.
12
Update your financial planning and adjust your budget accordingly.

Who needs pera phased retirement option?

01
The pera phased retirement option is suitable for individuals who:
02
- Want to gradually transition into retirement by reducing their working hours over a specified period.
03
- Wish to maintain their employment while having more flexibility and free time for personal activities or other pursuits.
04
- Desire to supplement their retirement income with a reduced salary and potential pension benefits.
05
- Have met the eligibility requirements set by their employer or retirement plan, such as age and years of service.
06
- Are looking for a balance between work and retirement, allowing for a smoother transition into full retirement.
07
- Want to continue contributing to their retirement savings while enjoying the benefits of reduced working hours.
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The PERA phased retirement option allows eligible members of the Public Employees' Retirement Association to gradually transition from full-time employment to retirement.
Members of the Public Employees' Retirement Association who meet the eligibility requirements are required to file for the PERA phased retirement option.
To fill out the PERA phased retirement option, eligible members must complete the necessary forms provided by the Public Employees' Retirement Association.
The purpose of the PERA phased retirement option is to allow eligible members to ease into retirement by reducing their work hours while still receiving partial retirement benefits.
The PERA phased retirement option typically requires information such as the member's work schedule, anticipated retirement date, and expected reduction in work hours.
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