Steps to University of Oklahoma Retirement
6 months prior to your retirement date
1. Make an appointment with the Retirement Coordinator on your campus. This appointment will:
- Confirm your retirement eligibility date.
- Ensure all prior service has been credited.
- Outline retirement benefits.
- Explain steps in preparation for retiring.
2. Contact Oklahoma Teachers’ Retirement System (OTRS) 405-521-2387.
- Confirm OTRS retirement eligibility date.
- Estimate retirement benefits.
3 months prior to your retirement date
3. Submit letter of intent to retire to your campus Benefits Office. This information is kept confidential.
4. Notify your department of your intent to retire. A PAF (Personnel Action Form) will be prepared by your department indicating your retirement date.
5. If you are of the age to begin receiving Medicare benefits, you should begin the enrollment process for Medicare by contacting your local Social Security Office.
- At your local Social Security Office, you must enroll in Medicare Part A and Part B to maximize the benefit of your OU Health Insurance.
- Currently Medicare Part D is offered as part of your OU Health Package. Part D enrollment is conducted through the OU Benefits Office.
- Contact your Benefits Office for the Medicare Rx form.
- Medicare Rx forms should be completed and returned to the Benefits Office 3 months prior to your retirement.
1 month prior to your retirement date
6. Return all completed documents to OTRS.
7. Contact your other retirement plan vendors to set up payment or withdrawal arrangements.
8. Confirm insurance enrollment with your Benefits Office.
- Decide whether or not to keep dependent coverage.
- Turn in a separate enrollment form to continue life insurance.
9. Get a Retiree ID card from your campus OneCard Office. You will need a retiree ID card to receive additional retirement benefits such as library and parking priveleges.
