Notification to Agency
- Your agency is responsible for completing your retirement paperwork
and submitting these forms to the Retirement Services Division for
- Generally, we suggest that you notify your agency in writing 60 to
90 days prior to your anticipated date of retirement. You should send
- Your human resources office,
- Your payroll office, and
- Your supervisor or director.
- Your effective retirement date can only be the first of a month.
- Your completed retirement application must be received in the
Retirement Division no later than the close of business on the last
business day prior to your Date of Retirement.
- Forms Your Agency Will Provide:
- Your agency will provide most of the required retirement forms. These
forms include: your retirement application, an income payment election
form, a health and dental enrollment form, a spouse waiver form, state
and federal tax forms, and a direct deposit form.
- The following forms are available on-line at:
- CO-898 - Application For Retirement Benefits
- CO-899 - Income Payment Election Form - Option A - 50% Spouse
- CO-900 - Income Payment Election Form - Option B - 50% Or 100%
- CO-901 - Income Payment Election Form - Option C - 10 To 20 Years
- CO-902 - Income Payment Election Form - Option D - Straight Life
- CO-1047 - Spouse Waiver Of Monthly Survivor Benefits
- Forms You Will Need to Provide:
- You will need to provide a copy of your birth certificate.
- If you choose a survivor option which provides a lifetime benefit to a
contingent annuitant, you will need to provide a copy of your contingent
annuitant's birth certificate.
- If you are married, you will need to provide a copy of your
marriage certificate or license.
- If you or any of your eligible dependents are currently on
Medicare, you will need to provide copies of your Medicare membership
- Retirement Division auditors will perform a preliminary audit of
your entire retirement record and establish your preliminary benefit.
You will receive your first retirement check at the end of the month in
which you retire and at the end of each month thereafter.
- The audit process to determine your exact retirement benefit takes
some time; therefore, you will be paid at an estimated level
until the audit is completed. When your exact retirement benefit has
been computed and verified, your income will be adjusted for the
difference between your preliminary benefit and your permanent
benefit update amount retroactive to your retirement date.
- If it takes more than 6 months to calculate your permanent
benefit update, the Retirement Services Division will pay you 5% interest
on any amount owed to you beyond the initial 6-month processing window.
- Retirement checks are paid monthly at the end of the month.
- Your pension is taxable income. All retirees are subject to federal
taxes. Whether you pay state tax may depend on the state you live in as
a retiree. If you reside in Connecticut you must complete the CT
W4P form or your tax rate will default to the maximum default rate
(which was 6.99% in 2018). For more information regarding any obligation to pay
Connecticut state taxes please contact the Department of Revenue
- Many deductions you pay as an active employee will end in
- you will no longer pay Social Security or Medicare taxes;
- your retirement contributions will end; and
- union dues are no longer mandatory in retirement.
- Most retirees will be required to pay only federal tax, state
tax, and monthly dental premiums. You may pay for health insurance
if you select a health insurance plan which requires a monthly
premium or if you have less than the 25 years of actual state
- There are a select few "optional" deductions, which can be taken
directly from your retirement check including the following
- Some Credit Union Deposits
- Campaign for Charitable Giving
- Retiree Union
- When you retire you may be entitled to certain payouts. The following
payments will be paid by your agency not by the retirement division:
- When you retire, your active pay will finally "catch up" to you. In
the first month of retirement, most retirees will receive one last full
active paycheck and one partial paycheck representing any days worked
into the last pay period.
- If you are still paid longevity, you will also receive a final pro-rated longevity check
representing the number of months you have worked into the next
- If you have vacation or sick time remaining on the books when you
retire, your agency will pay you (at your terminating rate of pay):
- the value of your entire vacation balance, and
- 25% of your sick leave balance, up to a maximum of 60 days
- Once you retire from state service, provided you do not go out under a
state disability retirement, the state has no limitations on your
outside employment. So long as you do not return to a state payroll, you
can work as much as you want and earn as much as you want without
impairing your Connecticut state pension.
- In certain special circumstances, you may return to active state
employment while retaining your full state pension. If you are able to
secure a state position in the future, you may return to state service
so long as you return to a temporary position and you work no more than
the equivalent of 120 working days per calendar year.
- You may also return to state service with no restrictions by
rescinding your initial retirement. (This assumes that you have
independently secured a state position.) If you return to state service in a
permanent position, your retirement benefits must cease, and after 6
months of re-employment you will return to Tier I and build credit
towards a future retirement above and beyond what you had accrued prior
to your initial retirement.
5-142(a) Disability Compensation
- On occasion, a retiree may begin to receive disability compensation
payments under CGS Section 5-142(a) as a result of an old work related
injury. State statutes specifically prohibit the receipt of disability
payments under CGS Section 5-142(a) while receiving a state pension.
Pension payments must stop while a retiree receives this type of disability
- If you should become eligible to receive disability payments under CGS
Section 5-142(a) after your state pension has begun, call the Retirement
Services Division immediately so that you can avoid any overpayment of
Sources of Information
- The Office of the State Comptroller provides group counseling
services for prospective SERS retirees. We suggest that counseling
appointments should be made a minimum of 12 -15 months prior to your
anticipated date of retirement. Generally, appointments are reserved for
members who are planning to retire within the next 1-year period.
- Attending a counseling session is not required by everyone. The Counseling Unit can also answer most general retirement
questions by phone. If you have additional retirement questions or would
like to arrange for group counseling, feel free to contact the
Counseling Unit at (860) 702-3490.
- Summary Plan Descriptions
- Summary Plan Descriptions/Tier Booklets provide more
detailed plan information and are available online
- Tier 1 Benefit Calculator
- Retiree Health Insurance Planner
- Social Security Administration
- The Social Security Administration provides Personal
Earnings and Benefit Estimate Statements annually and also upon
request. You may request a statement by (1-800-772-1213) or
- Internal Revenue Service Retirement Information
- Connecticut Department of Revenue Service
- For information regarding your obligation to pay state taxes
on your state pension please contact the Connecticut Department
of Revenue Services by phone (860) 297-5962 or online
- Prudential Retirement-Deferred Compensation
- If you participate in the State's Deferred Compensation
Plan, please direct your questions regarding your account to
directly. Prudential Retirement account representatives are available by phone at
(844) 505-7283 or online www.CTdcp.com.