Retirement Checklist

The following section provides a list of events, in chronological order, that need to take place to ensure that the retirement process runs smoothly.

5 months prior to retirement

Key Dates	Subject	Description
February 1	To be eligible for the first retirement incentive payment on May 31st	The teacher must give written notice to superintendent of retirement and retire by June 30th of the same calendar year. Here's a Sample Retirement Letter
120 days prior to termination of teaching service	TRA Application and Appointment	Submit your Retirement Annuity Application (TRA-4000) to TRA or apply online at myTRA Portal and make an appointment with TRA
30 days prior to termination of teaching service	Retirement Spreadsheet	Receive retirement calculations from Human Resources
May 29	Retirement Incentive	First payment to TSA 403(b)
June 30	Personal Leave	Cash payout through payroll

After retirement
If you have not done so already, consider having your pension benefits electronically deposited each month. You may initiate a direct deposit request or change your designation online or by contacting TRA and requesting form TRA-4400

Key Dates	Subject	Description
July 1	District Email	Access is turned off if your employment has ended
August 1	COBRA Continuation Coverage Notice	A letter in the mail will be sent to you from HR Simplified. An offer to continue coverage through COBRA.
August 14	Post-Retirement Health Benefit	Payment to MSRS
August 31	End of Current Insurance Coverage	Your current insurance coverage stop on the last day of the month your employment ends with
August 31	Flexible Spending Account	Last day to incur and submit claims unless you elect for COBRA continuation coverage
September 1	Start of COBRA Continuation Coverage	You must make your COBRA coverage election by the Last Day to Elect outlined on your election form in order to continue COBRA coverage provided by the district. This form was included in the letter mailed to you from HR Simplified.
October 15	Severance	Payment to TSA 403(b)
January 15	Retirement Incentive	Second payment to TSA 403(b)
January 16	District Network Credentials	Access is turned off if your employment has ended

Retirement Notes

While payments to your 403b account are submitted to your 403b provider on the dates listed above it may take several weeks for the 403b provider to receive and process the payments.

Inver Grove Heights Schools

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Teacher Retirement

Inver Grove Heights Schools