Getting Ready to Retire

Eligibility Requirements
When will you be able to retire?

• Normal Retirement
• Early Retirement: 25-and-Out
• Early Retirement: Age-Reduced
• Partial Lump Sum Option (PLSO)
• Accelerated Payment Plan (APP)

Calculating Benefits
How much will your benefit be?

Retirement benefits are calculated as follows:

• Normal (full-formula)         
• 25-and-Out
• Age-Reduced
• PLSO
  

Payment Plans
How do you want to receive your benefits?

PEERS offers six retirement plans for monthly benefits, as well as the option to take the Accelerated Payment Plan (APP) or a partial lump-sum payment, if eligible. In making your selection, you should consider your age, finanical obligations, health, income from other sources, and your spouse's or dependent's needs.

• The Single Life Plan, Option 1
• The Joint-and-Survivor Plans, Options 2, 3 and 4
• The Term-Certain Plans, Options 5 and 6
• The Partial Lump Sum Option (PLSO)

Joint-and-Survivor Plan or Life Insurance: Which is Best for You?

Other items of interest:

Working After Service Retirement
Working After Disability Retirement
Health Insurance After Retirement
Social Security and Medicare

	Service Retirement Application Packet Please print and complete the Tax Withholding Authorization and the Direct Deposit Authorization Form with this application. If you plan to elect PLSO at retirement, you must also file a PLSO Distribution Form with this application.
	Disability Retirement Application Packet Please print and complete the Tax Withholding Authorization and the Direct Deposit Authorization Form with this application.