If you are planning on retiring, your first step is to decide on a retirement date and communicate this date with your manager so they can prepare and input your retirement date into Workday. Your last day must be a working day (PTO cannot be taken on your last day).
If you are over age 55, you can start your online pension application within 90 days of your last day of work. If you are under the age of 55, you will have the option to move your pension funds 30 to 45 days from the time you leave the company. If you'd like to be assigned a Retirement Consultant, reach out to AskHR at (801) 442-7547 and request a consultant. Please see the Retirement Guide below for step-by-step instructions to begin this process.
You can contact T. Rowe Price starting 30 days after your last day of work to make any desired arrangements with your 401(k) account, such as taking distributions, keeping your account with T. Rowe Price, transferring it, etc. They can be contacted at (800) 922-9945. Your PTO (and any LTI, if applicable) will cash out two weeks after your last paycheck. You can, however, have these funds contributed to your 401(k) pre-tax by completing the PTO Max out Deferral Form by your last day of work.