I Want to Retire in a Year: What Do I Need to Do?

Are you about to enter your last year of teaching, with plans of retirement in sight? Here are some steps to help you prepare:

1. Choose your retirement date. The STRP Pension Estimator can help you determine when you may want to retire.

2. Request a formal pension estimate and retirement application package from the STRP. We recommend you request this about a year prior to retirement.

3. Complete the required forms and mail them, along with all required documents, to the STRP approximately two months prior to retirement.

4. At least 30 days prior to your chosen retirement date submit your letter of resignation to your school board. You can find sample letters of resignation on the STF website.

5. Once your completed retirement package has been received and your school board has remitted your final pension information to the STRP, your final retirement calculation will be completed. Your  monthly pension will be paid on the last banking day of each month.

6. Sit back, relax and enjoy your retirement!

Visit the Planning for Retirement section of the website for more information on how to prepare for retirement.