088.00.17 Ark. Code R. § 005 - Rule 9-9: Retirement Application

RULE 9-9 RETIREMENT APPLICATION

I. A copy the ATRS retirement application can be downloaded from the ATRS website or requested from ATRS.

II. In order for a retirement application to be timely filed, there is a three (3) month "window" to apply for retirement benefits.

For active members currently employed, the window for filing your retirement application is:

A. No soonerthan four (4) months prior to your Effective Retirement Date; and,

B. No later than one (1) month before your Effective Retirement Date.

III.

A. The member's Effective Retirement Date for purposes of ATRS retirement benefits is the 1^st day of the month in which the member requests to receive retirement benefits and for which the member has submitted a timely retirement application.

B. For an inactive, vested, immediately eligible-to-retire member, retirement benefits are payable the month after the retirement application is received.

IV.

A. If a retirement application is received by ATRS before the three (3) month window begins for the member's anticipated Effective Retirement Date, the application is not timely filed, and ATRS will reject the application and notify the member of the dates that their retirement application can be filed timely and the procedure to do so.

B. If a retirement application is received after the three (3) month window ends for the member's anticipated Effective Retirement Date, the retirement application is not timely filed and the member will receive a new Effective Retirement Date beginning on the 1^' day of the next month.

V. This Rule does not apply to an application for disability retirement or survivor benefits.

The following table shows examples of the "windows" for filing a retirement application:

EXAMPLE OF RETIREMENT FILING DATES
Effective Date of Retirement	Retirement Application Must be Filed In:	Last Date of Employment	First Retirement Check
January 1	September, October or November	December 31	End of January
February 1	October, November or December	January 31	End of February
March 1	November, December or January	Feb 28/29 (Leap year)	End of March
April 1	December, January or February	March 31	End of April
May 1	January, February or March	April 30	End of May
June 1	February, March or April	May 31	End of June
July1	March, April or May	June 30	End of July
August 1	April, May or June	July 31	End of August
September 1	May, June or July	August 31	End of September
October 1	June, July or August	September 30	End of October
November 1	July, August or September	October 31	End of November
December 1	August, September or October	November 30	End of December

The following table is the only "window" for filing a T-DROP application:

Effective Date of Retirement	Retirement Application Must be Filed In:
July1	March, April or May

HISTORY

Board Approval February 5, 2018

Effective

Notes

088.00.17 Ark. Code R. § 005

2/6/2018