Estimate Letter
Estimate Letter
120 East Baltimore Street TTY Users call via Maryland Relay
Baltimore, MD 21202-6700 sra.maryland.gov
Estimate Information
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Estimate ID: 735099
Notice of Retirement Allowance Estimate - Results
Single-Life Annuities
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Estimate ID: 735099
Important Information Regarding Your Estimates
Only one beneficiary may be named under the dual-life annuities. This beneficiary may be changed, but it will cause
a recalculation of your benefit amount. In most cases, the recalculated amount may be less than the current amount.
Dual-life annuities may provide continuing healthcare coverage for eligible beneficiaries of qualifying state retirees.
Your employer can provide you with details on any available healthcare benefits.
Note: With the exception of salary increases due to promotions, any increases exceeding 20% are excluded from the
calculation of average final compensation unless approved by the Board of Trustees.
State Pension law requires the Agency to exclude any salary increase from the calculation of a member’s average
final compensation for pension purposes if it is an “extraordinary salary increase” under regulations adopted by the
Board of Trustees. By regulation the Board has defined an extraordinary salary increase as an increase in excess of
20% of the prior year, except if the increase is the result of a promotion or appointment/election to a public office, or
if including the increase would not increase the member’s allowance by more than $25 per month. This estimate
does not reflect any adjustment for any extraordinary salary increase, which, if applicable, will only be applied at
time of retirement.
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Estimate ID: 735099
To Retire
In order to retiree, obtain the required applications for retirement from your employer’s retirement coordinator or
download the applications from the State Retirement website at sra.maryland.gov. The following retirement
applications are required: Application for Service or Disability Retirement, Federal and Maryland State Tax
Withholding Request, and Direct Deposit – Electronic Funds Transfer Sign Up Form
Filing Requirements
In order to ensure timely processing, file all retirement applications at least 30 days before the effective date of
retirement. You must file the required retirement applications to actually retire. Failure to file all valid forms prior to
your effective date of retirement may jeopardize your eligibility to retire on the date you selected or it may delay
payment of your monthly benefit allowance.
Notarization
It is extremely important that on applications requiring a notary signature, you must sign those documents in the
presence of the notary. The notary must then sign and date the form in your presence. If the date the notary
signs as a witness to your signature differs from the date you signed the application, your application will be
rejected. You will then be required to refile all applications and your date of retirement may be delayed.
Questions
Please contact the Agency’s Member Services Unit at (410) 625-5555 or (800) 492-5909 to speak with a Retirement
Benefits Specialist if you have any questions regarding this notice.
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Maryland State Retirement
and Pension System
120 East Baltimore Street
Retirement Checklist
Baltimore, MD 21202-6700
800-492-5909 ● 410-625-5555
sra.maryland.gov ● [email protected]
Congratulations and thank you! You’ve spent years in public service. Now you deserve a secure and enjoyable retirement.
We’ve designed this checklist to help you keep track of everything you need to do with us. And we’ve listed other steps
that might be helpful to you. We want to make your transition to retirement as easy as possible.
Note on Forms:
Please fill out the most recent version of our forms.
You can find those (and other info) on our website: sra.maryland.gov.
If you’re still working, you can also get the forms from your Retirement Coordinator. (Check
with your Personnel Office if you don’t know who this is.)
If you have questions, we can help. You can reach us at 410-625-5555 or 800-492-5909. Or email us at
[email protected].
Decide: Do you need another estimate? You may need to select a different retirement date. Or you may need to
add or change a beneficiary. If so, you can either:
1. Use our secure website: mySRPS. In mySRPS, you can create as many estimates as you wish. You’ll get the
results on the spot. To sign up, go to: mysrpsusers.sra.maryland.gov. –OR–
2. Submit another Service Retirement Estimate Request form. We’ll send you another estimate within a few
weeks.
2. Military Credit: Were you in the military? If so, you may be able to claim additional service credit. That could
increase your monthly allowance. What to do: Fill out and submit Form 43: Claim of Retirement Credit for
Military Service.
Learn about the overall retirement process. We have two good sources of information for you:
1. Pre-retirement seminars and webinars. These give you a broad overview of retirement. Topics include your
SRA plan, Social Security, and retirement planning. Visit our website to see the schedule and sign up. Just go to
the Members tab. Then click on Seminars & Webinars.
2. Pre-retirement videos. We have a number of videos that explain the retirement process at SRA. On our website,
go to the Members tab and click on More Resources. Then click on Videos.
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Maryland State Retirement
and Pension System
120 East Baltimore Street
Retirement Checklist (continued)
Baltimore, MD 21202-6700
800-492-5909 ● 410-625-5555
sra.maryland.gov ● [email protected]
Set up an on-line account with the Social Security Administration. You can find out what your Social Security
payments would be depending on when you file. And you can get information about Medicare. Just visit the SSA
website at ssa.gov. Or reach them at 800-772-1213.
Create a budget based on your retirement income and expenses. Review with a financial advisor. The decisions
you make now will affect the rest of your life. You may find it helpful to get professional advice.
Meet with your Retirement Coordinator to confirm that you have all the right forms and have filled them out
correctly. (Contact us if you need help but are no longer working.)
Determine whether you need to send us any other documents. Did you choose Option 2, 3, 5, or 6 as your form
of payment? If so, you’ll need to give us proof of your beneficiary’s birth date.
Ask your employer for any forms you need to continue your employer benefits. (These may include health
insurance, life insurance, etc.) You must submit those forms to your employer, not to us.
We hope you find this checklist useful. We look forward to helping you make a smooth transition to retirement!
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