# Retirement Information

### Retirement Process

* Any user who has undergone KYB and has credits in their inventory can retire credits.&#x20;
* Retiring credits refers to sending credits/tokens to a wallet **from which they can not be retrieved**. This means they can no longer be sent to anyone else, and the benefit is tied to the last owner.&#x20;
* **The beneficiary and retirement purpose must be recorded and displayed in the OCP registry in order for credit to be retired. Beneficiaries undergo KYB, as well.**&#x20;
* All associated retirement information (i.e., beneficiary, credit quantity, and any additional ownership transfers) are made publicly available in the registry.&#x20;
* In the event that credits are found to be erroneous, either by grievance submission or during an annual audit, retired credits will be canceled and cannot be used anymore.&#x20;
  * \[See [Mitigating Project Risk: Insurance and Buffer Pool](../../projects/mitigating-project-risk-insurance-and-buffer-pool) for more information on erroneous issuance]
