Edit, Download, and Sign the Election to Transfer Service in Maryland Retirement System
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How do I fill this out?
To fill out this form, start by entering your personal details at the top. Next, indicate your decision to transfer creditable service. Lastly, have your retirement coordinator complete their section before submission.
How to fill out the Election to Transfer Service in Maryland Retirement System?
1
Enter your personal and contact information.
2
Indicate your choice for transferring service.
3
Have your retirement coordinator fill out their section.
4
Sign and date the form.
5
Submit the completed form to the Maryland State Retirement Agency.
Who needs the Election to Transfer Service in Maryland Retirement System?
1
New employees switching systems need this form to ensure accurate service records.
2
Employees wishing to consolidate benefits require this to transfer contributions.
3
Retirement coordinators need it to process service transfers effectively.
4
Individuals planning retirement may need it to assess their benefits.
5
Part-time employees looking to establish full-time service credits must submit this form.
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What are the instructions for submitting this form?
To submit this form, please send it to the Maryland State Retirement Agency at 120 East Baltimore Street, Baltimore, Maryland 21202-6700. You can also submit via fax at (number to be provided) or via email at (email address to be provided). It's advisable to keep a copy for your records and consult your retirement coordinator if you have questions.
What are the important dates for this form in 2024 and 2025?
For 2024, the application deadline for service transfer elections will be March 31. For 2025, be aware that similar deadlines typically follow the last day of the first quarter. It's essential to check the Maryland State Retirement Agency for specific dates.
What is the purpose of this form?
The purpose of this form is to facilitate the transfer of service between different systems within the Maryland State Retirement and Pension System. This enables members to consolidate their retirement benefits effectively. By completing this form, members ensure that their accrued service credits and contributions are properly accounted for, aiding in accurate retirement planning.
Tell me about this form and its components and fields line-by-line.
- 1. Member's Name: Full name of the member transferring their service.
- 2. Social Security Number: The member's Social Security number for identification.
- 3. Daytime Telephone Number: A contact number where the member can be reached.
- 4. Home Address: The member's current residence address.
- 5. Former Employer: The organization where the member previously worked.
- 6. New Employer: The organization to which the member is transferring.
What happens if I fail to submit this form?
Failure to submit this form correctly may lead to delays in your service transfer or a loss of service credits. Ensuring all fields are filled out and signatures are included is critical for processing your request.
- Service Credit Loss: Failure to transfer can result in potential loss of accrued service credits.
- Processing Delays: Incomplete forms may lead to significant delays in processing your transfer.
- Inaccurate Benefits: If submitted incorrectly, your retirement benefits might be inaccurately calculated.
How do I know when to use this form?
- 1. Changing Employers: When moving from one job to another that requires transferring service.
- 2. Retirement Planning: Essential for those closely approaching retirement.
- 3. Service Consolidation: To consolidate service records from multiple employments.
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