Moving Policies. UNY POLICY NOT YET DETERMINED Secure two bids from a licensed Carrier with replacement cost insurance coverage. Send bids to Benefits Office Purchase Order will be issued Retiree does the packing (with some exceptions). Moving Policies – cont’d.
Carrier with replacement cost
THE ABOVE NOTIFICATIONS WILL ENSURE THAT YOUR NEW ADDRESS IS IN THE CORRECT FILES FOR PENSION AND HEALTH BENEFITS ADMINISTRATION
1940 65 + 6 months
1941 65 + 8 months
1942 65 + 10 months
If you were born from 1943-54
And retire at age: You receive:
Of your full retirement benefit
You’ll need a certified copy of your birth certificate
May need a certified copy of your marriage certificate
Copy of past year’s tax return or W-2
Three months before retirement date contact Social Security to apply
do not apply for Part D
If you are not in HealthFlex, compare your prescription drug costs to the benefit …
it may work for you!
SEE PAGES 50 AND 58 OF THE SS GUIDE
Benefits and Policies
FUNDING – A MOVING TARGET:
Premium formulas are subject to
All future retirees will be charged a
“minimum premium” – currently 10%.
Premiums are currently based on age and years
Conference pays based on 3% of premium subsidy
for each year of service up to 30 years.
Premium for under age 65 is $752 per month.
Premium for over age 65 is $398 per month.
An estimate of your health insurance premium in retirement will be provided when you request Retired Status, or upon request … the projection will be based on:
Estimated Retirement Date
Age of you and spouse at that date
Years of service at that date
Current retiree premium policies