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Understanding Available Retirement Dates
I am in a MOSERS eligible position actively employed. When I do my retirement calculator to analyze my options, the retirement dates "default" to the next month. Out of curiosity, why does this occur? Thanks for providing the opportunity to ask and appreciate any input you may be able to provide.
When you log in to myMOSERS to generate a benefit estimate or to retire online, our system will display your “Next Available Retirement Date(s)”. This may be a future date, even if you were already eligible for retirement. This is because there is a deadline for getting your retirement application in. If you don’t submit an application by the deadline for a given month, the system automatically rolls forward to your NEXT available retirement
date.
For example, if you were initially eligible to retire on January 1 but didn’t apply, then you logged in to myMOSERS, in February, you would see a retirement date of April 1. Again, the reason for this is to retire on April 1, you need to apply by February 28. See the chart showing deadlines on our Ready to Retire page. You may apply for retirement up to 120 days prior to your retirement date. Please see the Retirement Guide or contact us if you have any questions about the retirement process.
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We strive to provide the most accurate information possible in our answers to Rumor Central questions. However, occasionally, laws, policies or provisions change and individual circumstances may vary. Please contact a MOSERS benefit counselor or see the handbooks in our website Library for more detailed information. If there is any difference between the information provided in this blog or on the MOSERS website and the law or policies that govern MOSERS, the law and policies will prevail. See our Privacy, Security & Legal Notices for more information.