Retirement Counseling Service Benefit

WHAT IS THE BENEFIT

Retirement planning should begin long before a member reaches retirement age. Not only older members near retirement, but also younger members have a great deal to gain from this benefit. It is not wise to wait until the month before you plan to retire to set your affairs in order. It is much wiser to plan years in advance.

Retirement Counseling sessions are strictly confidential.

These Sessions will:

• Make it clear when you can retire.
• Explain the retirement application process.
• Explain the retirement system as it applies to you and your family.
• Provide accurate and up-to-date information on the Public School Employees Retirement System.
• Discuss the options which are available at this time.
• Assist in long range planning for career members.
• Explain medical coverage and Health and Welfare benefits after retirement.
• Explain termination pay.
• Explain how your family is protected if you die in service.
• Explain what happens if you are disabled.

Also, the retirement counselors are available to assist members with problems related to the Public School Employees Retirement System such as the purchase of service credit.

WHO IS ELIGIBLE

Any member of a PFT bargaining unit covered by Public School Employees Retirement System is eligible. Spouses or eligible dependents of deceased members covered by Public School Employees Retirement System are covered, also.

EXCLUSIONS

None.

WHEN ARE YOU ELIGIBLE?

At any time.

HOW TO USE THE BENEFIT

Call the Health and Welfare Fund Office (215-561-2722) to make an appointment.