What You Need to Do
When you decide to retire, you have decisions to make about how to continue the benefits you’ve received as an active employee. In general, benefits end the last day of the month in which you retire from Stimson.
Here’s a quick look at how your benefits are affected and choices to consider when you retire from Stimson.
|Impact on Benefits|
|Medical, Dental and Vision||
Coverage ends on the last day of the month.
Review Your Medicare Guide to learn about the Medicare basics and visit the Aetna Medicare website. For questions, call an Aetna Medicare representative at 888-886-0703 (TTY: 711), Monday through Friday, 6:00 a.m. to 3:00 p.m. PST.
|Health Savings Account||You own your HSA. You take your account and any balance with you when you leave Stimson. For more information, log on to the PayFlex website.|
|Health Care FSA||
|Dependent Care FSA||You may continue to incur covered spending account expenses before your benefits coverage ends. You have 90 days after your retirement date to submit your reimbursement request.|
If you are eligible for a pension plan and you are vested, you can begin receiving benefits at early retirement age or normal retirement age.
Note: If you were hired after May 31, 2011, you do not have a pension benefit available to you. The TOC Plan was frozen on May 31, 2011. Participants in the TOC Plan should contact Prudential at 800-621-1089. Idaho Pension Plan was frozen on April 30, 2009. Participants in the Idaho Pension Plan should contact the Great American Insurance Group at 877-656-6677.
|Voluntary Life/AD&D||You may convert to an individual policy with New York Life Group Benefits Solution. Complete the Portability of Voluntary Term Life Form and Conversion to Individual AD&D Insurance Form within 31 days from the date your employment ends.|
|Disability||Short Term Disability (STD) and Long Term Disability (LTD) coverage ends when you retire.|
|Wellness Program||Your participation in the wellness program ends when you retire.|
|Tuition Assistance||If you retire within one year of your last tuition payment, you may be required to repay up to 50% of the original reimbursement payments.|
A federal law that provides continuation of group health coverage that otherwise would be terminated.
Username: STMSN plus 6-digit clock number. If clock number is less than 6 digits (e.g., 1234), add zeros to ensure a total of 6-digits: STMSN000123.