ATRS Retirement Planner for July 2012
If you are at the point in your educational career that you may consider retiring this year, this executive director update is intended to assist you as you wade through all the details that you need to consider. It also attempts to answer several questions that you may have. If you are an ATRS employer, this update is also intended to give some additional information to assist you in helping your employees as retirement season approaches. On behalf of the ATRS Board, I want to thank all 2012 retirees for your service to education in Arkansas and wish you the best in retirement. Just as when you were an active member, ATRS will be here to serve you.
Attached is a 10 page question and answer format update on things to consider and do if you are certain about or considering retiring at the end of this school year (July 1, 2012) as well as a memorandum to employers participating in ATRS that outlines the requirements for retirement and T-DROP eligibility. ATRS decided to share the memorandum to employers with everyone to give more information to members. The ATRS Board has stressed that quality and timely information to ATRS members and employers is an important ATRS Board priority. The ATRS Board remains committed to make more and better information and services available to members. ATRS staff is pleased to work on carrying out this important ATRS Board objective.
This update addresses some of the most important things to do and consider as you plan your retirement in 2012. Many of the questions and answers were included at the request of the ATRS Benefits and Counseling staff. Most of the questions are those that the B&C staff felt were most either the most important or most commonly asked questions by members considering retirement. The intent of all this information is to help clarify the steps to a smooth retirement with some directions on tailoring your benefits to fit your particular needs. Hopefully the result includes answers to many of the questions that a potential retiree has considered or should be considering in an easier to read format. The T-DROP FAQ's from last week is also attached again in the event you missed the April 6th update. You should have three total attachments to this update.
Through the ATRS executive director updates and FAQ's, ATRS hopes to keep members better informed and up-to date! If you have any suggestions on topics or improvements that you think ATRS should consider, then feel free to call or an email to me with your suggestions.