Exit counseling is offered as a service to anyone retiring in the current school year. Six to nine months prior to your date of retirement, contact your PSERS regional office to schedule an Exit Counseling session. The Exit Counseling sessions are scheduled to accommodate a small group.
To avoid delays in the processing of your retirement benefit due to errors when completing the Application for Retirement (PDF) or Application for Disability Retirement (PDF) form, before you complete an application PSERS strongly suggests you attend an Exit Counseling session.
We also recommend that you attend a Foundations for Your Future Program prior to attending the Exit Counseling Session. Emphasis at the Exit Counseling will be on completion of the retirement application and related forms. The Foundations for Your Future programs provide a broader overview of PSERS benefits and retirement and are designed to prepare you to proceed onto the more detailed information and the completion of the paperwork presented during an Exit Counseling session.
The requirements for attendance at an Exit Counseling session are:
You plan to retire during or at the completion of the current school year.
You have obtained from PSERS a current estimate of your retirement benefits. If you have not done so, complete and submit to PSERS a Request for Retirement Estimate (PDF) form.
After receiving your benefit estimate, call your PSERS Regional Office to schedule your Exit Counseling Session.
Things to Bring to Your Exit Counseling Session
Your PSERS Retirement Estimate.
The social security number, date of birth, and address information of your beneficiary(ies). If a beneficiary is under 18 years of age, you will need to provide a guardian’s name and address.
A copy of your survivor’s birth certificate or driver’s license if you are electing a survivor option (Option 2, 3, or Customized). If a survivor annuitant is under 18 years of age, you need to provide a guardian’s name and address.
An Authorization for Direct Rollover (PDF) completed by you and your financial institution if you are electing to roll any of your contributions and interest.
If you are electing to have your monthly benefit payment sent directly to your financial institution, you should bring the following:
- name of the financial institution
- name of the financial institution’s representative
- financial institution’s phone number
- financial institution’s routing number and check digit
- your financial institution account number
- whether it is a checking account or a savings account
What Will Happen at an Exit Counseling Session
These small group meetings begin promptly at their scheduled time. Please arrive in plenty of time to be seated at the scheduled starting time.
At the meeting, the PSERS retirement counselor will assist you with:
- Review of your retirement estimate
- Completion of your Application for Retirement
- Review of pertinent information on Retirement Exit Counseling Checklist
- Individual review of your Application for Retirement
The PSERS counselor will also:
- Review PSERS group health insurance information, the PSERS Health Options Program (HOP) and medical insurance payment reimbursement eligibility (premium assistance).
- Explain when you should receive your initial retirement benefit payments and how those payments are made.