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Retirement can be exciting and confusing all at the same time.
Retirement can be exciting and confusing all at the same time.
The Courts' Human Resources Department processes retirements for all Court employees. Employees may contact the HR Department at any time to explore retirement. It is recommended that you contact the Courts' Retirement Specialist, Sarah Osmund, and Utah Retirement Systems at least three months before your desired retirement date to ensure proper processing.
Contact the Courts' HR Department to request a retirement projection. It is essential to work with HR as we provide information regarding the payout of an employee's leave balances, benefits end date(s), paid-up months of health insurance (if applicable), and Health Reimbursement Account (HRA) (if applicable). If you have any Pre-2006 Sick and Converted Sick Leave and/or Pre-2014 Sick and Converted Sick Leave, please review the Retirement and the Value of Sick Leave document below for additional information.
Contact Utah Retirement Systems no earlier than 90 days prior to your retirement date at (801) 366-7770 to schedule an appointment to discuss your eligibility and monthly pension payment.
Contact PEHP within 30 days of your retirement date to request and complete medical, dental, and life insurance enrollment forms. Members with last names beginning A-K must contact Ginger Weathersby at (801) 366-7548 or ginger.weathersby@pehp.org. Members with last names beginning L-Z must contact Wendie Trujillo at (801) 366-7325 or wendie.trujillo@pehp.org.
Note: URS allows for two retirement dates each month: the 1st and the 16th. The employee must choose a retirement date and the date of their last work day. An employee's retirement date and last work day cannot be the same.
Are you planning to retire within the next six months, and do you have a Health Savings Account (HSA)?
Are you planning to retire within the next six months, and do you have a Health Savings Account (HSA)?
When you enroll in Medicare, you can still have a health savings account to pay for eligible medical expenses; however, you're no longer eligible to make or receive contributions. If your spouse is still working and enrolled in a high-deductive health plan through their employer, they can continue contributing to an HSA account up to the IRS annual limits.
If you're working beyond age 65, you must stop all HSA contributions (employee + employer) six months before you plan on enrolling in Medicare or face tax penalties. The reason for this is you can't contribute to an HSA when covered by Medicare, and Medicare gives you retroactive coverage for premium-free Part A back six months from when you enroll.
The employee must contact the PEHP FLEX Department at (801) 366-7503 to inform them that they are getting ready to retire and must stop the employer contributions and their own contributions to the HSA account.
The penalty is heavy, and it is a lifetime penalty. There is no way to avoid it if they do not stop the contributions.
Employee Retirement Checklist.pdfEmployee Retirement Checklist
Employee Retirement Checklist
Retirement Qualifications
Retirement Qualifications
Judge Retirement Qualifications
- 70 with 6 years of service
- 62 with 10 years of service
- 55 with 20 years of service with full actuarial reduction
- Any age with 25 years of service
Tier 1 Retirement Qualifications
- 65 with at least 4 years of service
- 62 with at least 10 years of service (early age reduction)
- 60 with at least 20 years of service (early age reduction)
- Any age with at least 25 years of service (early age reduction)
- Any age with at least 30 years of service
Tier 2 Hybrid Retirement Qualifications
- 65 with at least 4 years of service
- 62 with at least 10 years of service (early age reduction)
- 60 with at least 20 years of service (early age reduction)
- Any age with at least 35 years of service
URS Seminars & Webinars
URS Seminars & Webinars
Seminars
Attend free URS seminars (in-person and virtual) tailored to your retirement horizon.
Webinars
The URS experts host virtual webinars on different retirement-related topics. Reserve your place and learn more.
One-on-One Financial planning sessions
URS offers individual financial planning and customized advice to help you plan for a better future. Choose a retirement planning session to make the best use of retirement plans such as a pension, 401(k), or an IRA. To register, log in to your myURS account and click on the Education Tab to register for your Individual Retirement Planning Session.
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