Retirement Checklist
If you are considering retirement, use the checklist below to start planning for your finances and benefits during retirement.
Download a PDF version of the checklist
90 Days Prior to Retirement
| benefit | what to do | who to contact |
|---|---|---|
| Review Yale’s retirement benefits with a retirement counselor | Make an appointment with a retirement counselor to review your retirement benefits. | Contact Employee Services 203-432-5552 or employee.services@yale.edu for appointment |
| Attend a retirement workshop | Attend a retirement planning workshop to help you prepare for retirement. Workshops include: Retiree Benefits Overview, Retirement and Financial Planning Workshop and Social Security Workshop. | Sign up for a retirement education workshop at the TIAA website |
| Notify your department | Provide written intent to retire and last work day/ retirement date. | Your Supervisor, Business Manager or Department Chair |
| Yale Staff Pension | Call for your pension estimate. or Start your monthly pension payments. |
Your Pension Resources |
| TIAA | Call to make an appointment with a TIAA advisor to review your income projections and payment options. | TIAA 855-250-5424 TIAA website or select Yale Retirement Savings on the Workday Benefits Worklet |
| Medicare A & B | Enroll in Medicare Parts A and B if you are Medicare eligible (generally age 65 or earlier if disabled). Note: Contact Social Security Administration upon attainment of Medicare eligibility even if you are actively employed to determine the most beneficial date for you to enroll in Medicare Parts A and B. | Medicare website 800-772-1213 |
| Social Security | Call or access the SSA.gov website for an estimate of your payment or Start your monthly Social Security payments. |
Social Security website 800-772-1213 |
| Retiree Health | Enroll or waive participation in your retiree health coverage. | Aetna Retiree Service Center webite 800-338-4533 |
| Retiree Dental (FAC/M&P/YPBA only) | Enroll or waive participation in your retiree dental coverage. | Aetna Retiree Service Center website 800-338-4533 |
| Retiree Life Insurance (if applicable) | Update your beneficiaries for the retiree life insurance benefit. | Aetna Retiree Service Center website 800-338-4533 |
30 Days Prior to Retirement
| benefit | what to do | who to contact |
|---|---|---|
| Terminal Vacation/PTO Pay/Terminal Sick Pay | Complete and submit Terminal Vacation Payout form to defer all or a portion of your lump sum PTO and sick pay payout to your Yale 403(b) retirement plan. | Employee Services 203-432-5552 employee.services@yale.edu |
Post Retirement Decisions
| benefit | what to do | who to contact |
|---|---|---|
| Basic/Supplemental Life Insurance (if applicable) | Respond to notice from carrier within 30 days to convert or port you current Basic and/or Supplemental Life Insurance coverage (notice mailed to home address). | Standard Life 800-628-8600 |
| Vision (COBRA) | Respond to COBRA offer for continuation of current coverage (mailed to home address). | WageWorks 855-556-5753 |
| Dental (COBRA) (CT/SM/SEC) | Respond to COBRA offer for continuation of current coverage (mailed to home address). | WageWorks 855-556-5753 |
Use of PTO Prior to Retirement
Read the full PTO policy on the Staff Workplace Policies page.
The benefit descriptions in this document are brief summaries of the benefits offered. For more detailed information about your benefits please visit your.yale.edu/benefits.
If anything differs from what is stated in the legal plan documents, the legal plan documents will prevail. Healthcare costs provided at the time of retirement counseling are an estimate and are subject to change. Estimates are prepared based on the information provided and the current terms of Yale’s retiree health plan. Final rates will be available from BSwift at the time of your retirement and will be determined based on verification of your relevant demographic information and plan terms in effect at that time. Yale reserves the right to amend, modify or terminate benefits plans at any time, including the right to change retiree contribution rates for retiree health plan coverage. Upon an employees return from a termination, retirement, or unpaid leave, Yale reserves the right to collect any unpaid Health Welfare balances in arrears.