Retirement Orientation and Education Fiscal Year 2025 Resources Overview
Explore eligibility requirements, plan provisions, and resources for Class Three members in the retirement orientation and education presentation for fiscal year 2025. Discover important information on retirement plans, enrollment decisions, member access, and more from PEBA. Visit peba.sc.gov for detailed guides and handbooks to navigate your benefits effectively.
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Presentation Transcript
Resources Retirement Orientation and Education Fiscal year 2025
Intended audience This presentation is focused on the eligibility requirements and plan provisions for Class Three members. Class Three members are those whose earned service began on or after July 1, 2012. Class Two members, those whose earned service began before July 1, 2012, are encouraged to review the summary flyers for Class Two on our Navigating Your Benefits webpage and retirement publications at peba.sc.gov/publications for more information. 2
PEBA website, peba.sc.gov For more information, and before you make enrollment decisions, review these materials: Select Your Retirement Plan guide; South Carolina Retirement System at a Glance - Class Three flyer; South Carolina Retirement System Member Handbook; Police Officers Retirement System at a Glance - Class Three flyer; Police Officers Retirement System Member Handbook; and State Optional Retirement Program at a Glance flyer. Navigating Your Benefits series. peba.sc.gov/nyb. Plain-language explanations of insurance and retirement benefits. 3
Member Access To register for and use Member Access, you will need: Last name; Social Security number; Date of birth; and A valid email address. Refer to Setting up a New Member Access Account flyer. 4
Member Access features SCRS and PORS members View account and service credit statement. Review and update beneficiary designations. Estimate benefit amount.1 Update address and contact information. Calculate service purchase cost estimate and submit service purchase request. Apply for service retirement. Refer to Manage your Retirement Account with Member Access flyer. State ORP participants Link to State ORP service provider s website. View and update PEBA active member incidental death beneficiaries. Must designate beneficiaries for your State ORP account balance with your service provider. Update address and contact information with PEBA. Must update separately with service provider. Receive messages regarding annual State ORP open enrollment (January 1 March 1). Change State ORP service provider or make an irrevocable election to switch to SCRS, if eligible. 1Estimates are not a guarantee of monthly benefits. 5
Disclaimer This presentation does not constitute a comprehensive or binding representation of the employee benefit programs PEBA administers. The terms and conditions of the employee benefit programs PEBA administers are set out in the applicable statutes and plan documents and are subject to change. Benefits administrators and others chosen by your employer to assist you with your participation in these employee benefit programs are not agents or employees of PEBA and are not authorized to bind PEBA or make representations on behalf of PEBA. Please contact PEBA for the most current information. The language used in this presentation does not create any contractual rights or entitlements for any person. 6
