{"id":2835,"date":"2025-05-13T16:23:36","date_gmt":"2025-05-13T20:23:36","guid":{"rendered":"https:\/\/web.uri.edu\/hr\/?page_id=2835"},"modified":"2025-05-14T11:13:52","modified_gmt":"2025-05-14T15:13:52","slug":"planning-for-retirement","status":"publish","type":"page","link":"https:\/\/web.uri.edu\/hr\/benefits\/retirement\/planning-for-retirement\/","title":{"rendered":"Planning for Retirement"},"content":{"rendered":"\n<p><strong>Contributing ERSRI Pension Retirement Plan employees:<\/strong><\/p>\n\n\n\n<p>If you are an ERSRI Classified State Employee with an ERSRI Pension and 401a with TIAA, please contact a retirement representative at&nbsp;<a href=\"http:\/\/www.ersri.org\/contact-us\">ERSRI<\/a>&nbsp;(401) 462-7600 to assist with the preparation for this event; no earlier than a year before your intended retirement date.<\/p>\n\n\n\n<p>Three month prior to your retirement date, once you have discussed retirement with ERSRI, please contact&nbsp;<a href=\"mailto:benefits@etal.uri.edu\">URI Employee Benefits<\/a>&nbsp;at (401) 874-2533 to assist with the completion of your retirement packet. The following items will be needed and discussed:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Retirement Letter stating your last day worked<\/li>\n\n\n\n<li>Voided Bank Check for Pension Direct Deposit<\/li>\n\n\n\n<li>Birth Certificate of Spouse (if Spouse is obtaining joint pension benefits)<\/li>\n\n\n\n<li>Completed\u00a0<a href=\"https:\/\/web.uri.edu\/hr\/wp-content\/uploads\/sites\/2155\/ERSRI_BeneficiaryDesignation_2023.pdf\">Beneficiary Form<\/a>\u00a0to be notarized at meeting<\/li>\n\n\n\n<li><a href=\"https:\/\/employeebenefits.ri.gov\/sites\/g\/files\/xkgbur816\/files\/documents\/Medicare-Exchange-Eligibility-Form.pdf\">Medicare Exchange Form (age 65+)<\/a>\u00a0or\u00a0<a href=\"https:\/\/employeebenefits.ri.gov\/sites\/g\/files\/xkgbur816\/files\/2024-02\/2024%20Pre-65%20Retiree%20Health%20Coverage%20Election%20Form%20%28Post%20Oct%201%202008%29.pdf\">Pre 65 Medical Form (Under 65)<\/a>\u00a0(if you meet eligibility requirement of 20+ years of State Service)<\/li>\n\n\n\n<li><a href=\"https:\/\/web.uri.edu\/hr\/wp-content\/uploads\/sites\/2155\/CMS-40B_SSA_Medicare-Part-B-Enrollment-form.pdf\">SSA Medicare Enrollment Forms<\/a><\/li>\n<\/ul>\n\n\n\n<p>Please login to your&nbsp;<a href=\"https:\/\/www.ersri.org\/members\/how-to-log-in\">ERSRI Account<\/a>&nbsp;to view your Pension information.&nbsp;<\/p>\n\n\n\n<p><strong>Contributing 403(b) Defined Contribution Retirement Plan employees&nbsp;<em>with<\/em>&nbsp;BOG Medical Retirement Plan:<\/strong><\/p>\n\n\n\n<p>If you are a Council on Postsecondary Education employee with a 403(b) Retirement Choice Defined Contribution Plan, the following information will assist you in preparing for this special event!<\/p>\n\n\n\n<p>Three months prior to your anticipated retirement date contact&nbsp;<a href=\"mailto:benefits@etal.uri.edu\">URI Employee Benefits<\/a>&nbsp;at (401) 874-2533.&nbsp; We will request some information from you in order to begin processing your retirement paperwork. Discussion points may include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Eligibility \u2013 age 55 with 10 years of service<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Intended retirement date<\/li>\n\n\n\n<li>Retirement letter<\/li>\n\n\n\n<li>Retiree &amp; Spouse Demographic Information (ie: Date of Birth, SSN, home address, phone number, email address, etc.)<\/li>\n\n\n\n<li><a href=\"https:\/\/web.uri.edu\/hr\/wp-content\/uploads\/sites\/2155\/RIOPC-Retirement-Forms-Registration-Form-and-Plan-Election-Form.xlsx\">Retirement Forms<\/a><\/li>\n\n\n\n<li>Continuation of your Basic Group life insurance coverage and new\u00a0<a href=\"https:\/\/web.uri.edu\/hr\/wp-content\/uploads\/sites\/2155\/Group-Life-Insurance_State-of-RI-HIG-Beneficiary-Des-Form.pdf\">Beneficiary Form<\/a>\u00a0(if applicable)<\/li>\n\n\n\n<li><a href=\"https:\/\/web.uri.edu\/hr\/wp-content\/uploads\/sites\/2155\/CMS-40B_SSA_Medicare-Part-B-Enrollment-form.pdf\">SSA Medicare Enrollment Forms<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>Contributing 403(b) Defined Contribution Retirement Plan employees&nbsp;<em>without<\/em>&nbsp;BOG Medical Retirement Plan and Faculty:<\/strong><\/p>\n\n\n\n<p>If you are a Council on Postsecondary Education employee with a 403(b) Retirement Choice Defined Contribution Plan, the following information will assist you in preparing for this special event!<\/p>\n\n\n\n<p>Three months prior to your anticipated retirement date contact&nbsp;<a href=\"mailto:benefits@etal.uri.edu\">URI Employee Benefits<\/a>&nbsp;at (401) 874-2533.&nbsp; We will request some information from you in order to begin processing your retirement paperwork. Discussion points may include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Eligibility \u2013 age 55 with 10 years of service<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Intended retirement date<\/li>\n\n\n\n<li>Retirement letter<\/li>\n\n\n\n<li>Continuation of your Basic Group life insurance coverage and new\u00a0<a href=\"https:\/\/web.uri.edu\/hr\/wp-content\/uploads\/sites\/2155\/Group-Life-Insurance_State-of-RI-HIG-Beneficiary-Des-Form.pdf\">Beneficiary Form<\/a>\u00a0(if applicable)<\/li>\n\n\n\n<li><a href=\"https:\/\/web.uri.edu\/hr\/wp-content\/uploads\/sites\/2155\/CMS-40B_SSA_Medicare-Part-B-Enrollment-form.pdf\">SSA Medicare Enrollment Forms<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>Social Security and Retirement Plan Carriers:<\/strong><\/p>\n\n\n\n<p>Before retirement contact the Social Security Administration Office at 1-866-964-2038 (Warwick, RI).&nbsp; You will be required to provide the following documents in order for Social Security to process your pension check:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Social security card<\/li>\n\n\n\n<li>Birth certificate<\/li>\n\n\n\n<li>Last year\u2019s W-2 form<\/li>\n\n\n\n<li>DD-214 military discharge forms (if applicable)<\/li>\n\n\n\n<li>Spouse\u2019s birth certificate and social security card will be needed if he\/she is applying for benefits.<\/li>\n<\/ul>\n\n\n\n<p>Your Social Security check must be deposited directly into your bank or credit union so have the name of your bank, your checking\/savings account number, and the banks routing number with you. For More information on applying for your Social Security benefits, please visit the&nbsp;<a href=\"http:\/\/www.ssa.gov\/\">Social Security Administration<\/a>&nbsp;web site.<\/p>\n\n\n\n<p>After your retirement, contact your retirement plan provider: TIAA, MetLife or Corebridge (Valic\/AIG), to discuss your withdrawal options.<\/p>\n\n\n\n<p><strong>Have questions?<\/strong>&nbsp; Contact URI Benefits at (401) 874-2533 or benefits@etal.uri.edu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contributing ERSRI Pension Retirement Plan employees: If you are an ERSRI Classified State Employee with an ERSRI Pension and 401a with TIAA, please contact a retirement representative at&nbsp;ERSRI&nbsp;(401) 462-7600 to assist with the preparation for this event; no earlier than a year before your intended retirement date. Three month prior to your retirement date, once [&hellip;]<\/p>\n","protected":false},"author":5285,"featured_media":0,"parent":189,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-2835","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/pages\/2835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/users\/5285"}],"replies":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/comments?post=2835"}],"version-history":[{"count":1,"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/pages\/2835\/revisions"}],"predecessor-version":[{"id":2836,"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/pages\/2835\/revisions\/2836"}],"up":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/pages\/189"}],"wp:attachment":[{"href":"https:\/\/web.uri.edu\/hr\/wp-json\/wp\/v2\/media?parent=2835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}