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Signed electronically retirement plan

when you retire the amount of information can be overwhelming to help you focus on the important stuff we have taken the most popular questions we have received from members approaching retirement and created this short presentation here are six things every new retiree should know upon retirement you will receive initial notice confirming your preliminary pension amount generally it takes three to four months for the pension to be finalized at that time a second notice is mailed to you confirming the final pension amount your first three to four pension payments can be different from the amount on the original pension estimate this difference is due to earnable compensation and service credit that had not yet been credited to your account to ensure that you receive a pension payment as soon as possible following termination from employment you are added to the N hrs payroll based on preliminary information and retroactive adjustments are made if needed once the benefit is finalized save time for the good stuff if you haven't already sign up for electronic direct deposit electronic direct deposit is a simple secure and smart way to receive your pension payments take advantage of the convenience of direct deposit to receive your monthly annuity payment why direct deposit it's safer direct deposit eliminates the risk of stolen checks and forgeries it's easier no need to wait for the mail payments are conveniently deposited directly into your bank account it's reliable funds are automatically deposited on your scheduled pay dates and your funds are immediately available on that same day EDD forms are available at WWN hrs org when you retire and receive a service earlier Vesta deferred retirement pension from an hrs any compensation earned from employment in a position that is not an NH RS covered position will not affect your pension however if you return to work in a full-time and hrs covered position you will be restored to an hrs active service and your pension will cease in addition recent legislation has placed limits on part-time employment for any terrestre tyrese and receipt of a pension who are working for an N hrs participating employer disability retirement benefits may be subject to gainful occupation offsets regardless of whether the position is an N hrs covered position or not a link to an FAQ with answers to common questions about working after retirement can be accessed in the description of this video please contact an HR s if you have additional questions about working after retirement colas and other supplemental allowances are not automatic every year an hrs doesn't determine whether or not a Cola will be granted that's a decision made by the legislature currently the legislature must vote on what if any colas or other allowances will be granted the Retirement System encourages retirees who are concerned about this issue to reach out to their local state representatives and Senator House and Senate rosters are available at WWN Court State NH us you may change your primary beneficiary designation under the maximum retirement allowance or option 1 at any time if you elect a survivorship option you may change the option selection or primary beneficiary designation in writing within 120 days after your effective date of retirement any change is submitted after the hundred and twenty day grace period will not be accepted other than limited exceptions outlined in the state law for more information visit our website at www.nsiindustries.com going online is the best way to keep up with what's happening at NH RS visit our website at WWF also create a my account keeping track of your personal benefit information has never been easier thanks to my account the retirement system secure online portal where users can access their personal account information from any computer my account provides retirees with access to information such as beneficiary designations year-to-date retirement benefit summaries deductions direct deposit status and federal withholding information in addition my account users no longer have to submit a paper form to notify any hrs if they move or change their telephone number or email address simply use the update personal information form under the n hrs online form section of my account of course these are only some of the questions you may have visit WWN hrs o RG for more detailed presentations fa Q's and summary benefit information you can also sign up today to receive important and hrs information via email simply visit the Anitra's website at WWF look for the section entitled stay connected with n hrs email updates at the bottom of the home page and visit any tress on our social media pages such as Facebook and Twitter for important news and updates about retirement system benefits and services