Notify your supervisor and Human Resources of your planned retirement date.
Request retirement illustrations and information about income options from your retirement company.
Decide whether you want to begin your retirement income or delay until a later date. You will need to complete forms at least 60 days prior to your first check date to allow enough time for processing.
Decide if you will begin to draw social security income and elect Medicare. Social security estimates and information can be obtained by calling or visiting the local social security office at 110 Frederick Street, Suite A, Greenville, SC 29607 (864) 233-1116.
Decide if you will continue medical and life insurance coverages for you and your spouse. If you are under 65, you may continue with the same group medical coverage, but must pay the full premium. If you are 65 or over, your Medicare will pay first and your group medical insurance will pay the difference. The premium for this “Medicare supplement” is less than the full premium.
Inform your supervisor and Human Resources. It is common practice to give at least two weeks notice and to submit a resignation letter.
Schedule an exit interview with Human Resources. Discussing benefit and retirement plan options will be a part of the exit process. Employees must also return their keys, ID card, and credit cards along with other Furman property during the exit interview.