The entire retirement process involves paperwork to start your retirement benefits and terminate your employee status. If you will lose your health insurance benefits upon retirement, your employer must notify you and give information about extending coverage, which you mush sign and acknowledge.
A cashier's check or cheque is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier. Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions.
These checks are secured by the funds of the issuer-usually a bank-and include the name of a payee (the entity to which the check is payable), and the name of the remitter (the entity that paid for the check).REAKING DOWN 'Cashier's Check'. An individual could use a cashier's check instead of a personal check to guarantee that his or her funds for payment are available. A cashier's check is secured because the amount of the check must first be deposited by the individual into the issuing institution's own account.