Transcription of RETIREMENT PLANNING GUIDE - Virginia Tech
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RETIREMENT PLANNING GUIDE - Virginia Tech
For employees enrolled in the Virginia RETIREMENT System (Plans 1 and 2) RETIREMENT PLANNING GUIDED ivision ofHUMAN RESOURCESYou re ready to what?2 Table of ContentsIntroduction ..3 RETIREMENT Estimates ..3 Turning in Notice of RETIREMENT ..3 Annual and Sick Leave Payouts ..4 Health Care Coverage Options ..4 Health Insurance Credit ..6 Life Insurance ..6 Flexible Benefits ..6 Genworth Long Term Care ..6 Zurich Accidental Death and Dismemberment ..6 Legal Resources ..6 New York Life ..6 Aflac ..7 Virginia Tech Daily Email ..7 Retiree Benefits ..7 Virginia RETIREMENT System ..7 Social Security and Medicare ..7 Returning to Work ..8 Temporary Wage Pool ..8 Appendix ..8 Exhibit A: Pre 65 retiree rates ..9 Exhibit B: Initial enrollment period for Medicare ..10 Exhibit C: Post 65 retiree rates ..10 Exhibit D: Full Social Security RETIREMENT age.
The Retirement Planning Guide will help you understand the procedures and the decisions about your retirement and other benefits. This guide should be used in conjunction with the Virginia Retirement System’s Getting Ready to Retire Guide for Members in Plan 1 and Plan 2, which can
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