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Steps to Retirement

Some of the most important financial decisions you will make in your lifetime are deciding when to retire and choosing your pension benefit options. By educating yourself on the retirement process, you are already taking an important step toward planning your retirement.

Follow the timeline listed below and you will find that retiring is not only exciting, but it can be easy too.

  1. Several years prior to retirement:
    • Define your goals. What do you want to do during your retirement - travel, spend time with family, move somewhere you have always wanted to live? Whether you are fast approaching retirement or just starting out as a cadet, skillful planning can help you make the most of your retirement assets.
    • Visit with a private financial planner to discuss your financial goals and needs and determine the best strategies to help meet those needs. This can help you get a good idea of how much income you will need to live comfortably in retirement and what steps are necessary to reach your goals.
    • Read the Employee Benefits Guide, Attend a Retirement Education Seminar or watch the virtual version on the APRS News page to learn more about the plan.
  2. Two years prior to retirement:
    • If you have not done so yet, this is the time you need to seriously look at your future financial income. Things to consider are your spouse's retirement benefits, your Social Security income, savings and investments, and any other possible income you may have such as from future work you may have after retirement from the Police Department.
    • Contact the System to obtain retirement benefit calculations, look at all of the different annuity options the System has to offer, purchase any service credit you may be eligible for before your last day of APD employment, and ask any questions you may have regarding the retirement process.
  3. 30-90 days prior to retirement:
    • Contact the System to obtain retirement paperwork. You will need to provide the System with copies of:
      • Marriage License (if applicable)
      • Social Security Cards for Retiree (and survivor if applicable)
      • Birth Certificates for Retiree (and survivor if applicable)
      • Photo Identification for Retiree (and survivor if applicable)
      • Bank Document for Direct Deposit
      • Qualified Domestic Relations Order for Divorce (if applicable)
  4. Contact the City of Austin Benefits Division at (512) 974-3284 to enroll in health, vision or dental insurance coverage. You will contact APD HR at (512) 974-5001 to determine next steps with the department.

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