Financial and Benefits Planning for Retirement

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
877-352-5552 ext. 5
TIAA website or select Staff Pension Plan on the Workday Benefits Worklet
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
800-526-2720
Dental (COBRA) (CT/SM/SEC) Respond to COBRA offer for continuation of current coverage (mailed to home address). WageWorks
800-526-2720