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| Life Events • Retirement |
Retirement is a big decision. One day, you'll leave work. You'll head home to your family. Let's spend more time together, you'll say. And, for the first time, you'll really mean it.
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- Contact Your Supervisor to provide them with
your retirement date.
- Notify Human Resources. Human Resources will need to notify Farm Credit Foundation's Benefits Department regarding your retirement date. Farm Credit Foundations will send out a Retiree Benefit Continuation packet within 30 days of your last day of work. The packet will outline all of your employee benefits, costs of these benefits and how your benefits will transition into retirement.
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- Request a Retirement Application from New York Life's Web site at www.bcomplete.com up to 90 days before you retire. This form is located under Manage My Information in the pension section - Request Retirement Application.
- Pension Election Packet - Once you receive your last paycheck Farm Credit Foundations will notify New York Life of any final information needed to generate a Pension Election Packet.
- Your First Pension Check will arrive once you complete and return your application to New York Life. Any missed payments will be sent upon processing the first pension payment.
- 401(k) information will arrive within two to three weeks after your last day of work. Your 401(k) packet will outline your distribution options:
- Withdrawals
- Payment distribution set-up
- Roll over options
- Leave money at New York Life
After retirement you still have access to your New York Life account
1-800-294-3575 or at www.bcomplete.com
If you have additional questions regarding the retirement process contact Farm Credit Foundation's Benefits Department at 1-800-892-7924. |
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