The Guide to Retiring from NAU<\/a> includes information on the retirement process and the benefits you will be eligible for at retirement. Topics include:<\/p>\n If you are planning on retiring in the next 12 month you are encouraged to attend a Retiring from NAU (HR233)<\/strong> session presented virtually by our retirement advisors. We will review the benefits available to NAU employees at retirement and the enrollment forms that need to be completed.<\/p>\n After enrolling, you will receive an email with and invite and Zoom link for the session you registered for. An email reminder will be sent to you a couple days before the session.<\/p><\/body><\/html>\n\n <\/div>\n<\/div>\n\n Human Resources provides a pre-retirement counseling session to employees planning on retiring in the next three months.\u00a0During your counseling session you will learn about the following:<\/p>\n Because we will need to assemble a personalized retirement packet, please schedule your meeting at least 48 hours in advance.<\/p>\n Note: No special parking is available for pre-retirement counseling sessions. Year-round, a vehicle must display a valid permit to park on campus. Temporary permits can be purchased at the kiosk located near the entrances to campus or by contacting Parking and Shuttle Services at 928-523-6623.<\/em><\/p>\n If you are a member of the Optional Retirement Plan (ORP) and are at least age 62 you may want to consider retiring through the \u2018Phased Retirement\u2019 Program.<\/p>\n Learn more about the Phased Retirement program<\/a><\/p>\n NAU retiree are eligible for the following benefits.<\/p>\n Learn more about your retirement health plan options<\/a><\/u>.<\/p>\n COBRA<\/strong><\/p>\n Northern Arizona University is required by law to provide employees separating from the University COBRA information and enrollment forms. Shortly after your last day of work, you will receive a\u00a0COBRA\u00a0packet from Human Resources. If you decide to continue medical coverage as a retiree, please disregard this packet.<\/p>\n Retirees on the university\u2019s Blue Cross Blue Shield (BCBS) plan are eligible for the wellness programs and short-term counseling and referral services offered by\u00a0Employee Assistance and Wellness<\/a>.\u00a0 Retirees enrolled in state health insurance plans are eligible to attend Wellness Workshop Series programs.<\/p>\n Employees enrolled in Hartford Life Insurance upon retirement may continue coverage if they were enrolled in Hartford Life Insurance as an active employee. Currently, the retiree group policy is $15,000 of coverage for an annual premium of $215.<\/p>\n Employees enrolled in The Securian life insurance upon retirement may continue the $15,000 Basic Life coverage (paid by NAU while an active employee) or The Hartford life insurance enrolled in as an active employee.<\/p>\n Premiums are subject to change. Enrollment forms will be included in the retirement packet you receive at the retirement counseling session.<\/p>\n Continuing your current life coverage<\/strong><\/p>\n During the 31 days immediately following the termination of your life insurance coverage, you may elect to continue your current supplemental life insurance coverage (known as porting) or you may convert it to whole life insurance. Term life insurance provides a death benefit only, while whole life provides cash value. Both Securian and Hartford Life Insurance offer portability and conversion options. \u00a0Contact your provider for more information on costs.<\/p>\n These plans are not eligible for continuation into retirement and will end on the last day worked.<\/p>\n To qualify for the RASL program, you must:<\/p>\n RASL payments are distributed in three equal payments over three years. The first payment usually arrives 90 days after separation. Unused sick leave under 500 hours will not be paid.<\/p>\n RASL deferred compensation option<\/strong><\/p>\n Retirees may defer their first RASL payment to a 457(b) plan with the State-sponsored deferred compensation provider,\u00a0Nationwide Retirement Solutions<\/a>.<\/p>\n Upon retirement you will be paid up to one year of accrued\u00a0vacation. You can donate any vacation above the maximum to\u00a0Compassionate Transfer of Leave\u00a0Program.<\/p>\n You can find more information on the paid time off<\/a> web page.<\/p>\n All accrued comp time will be paid out on the last paycheck.<\/p>\n Additional benefits are offered to retirees through ABOR. \u00a0To be eligible for these benefits, retirees must:<\/p>\n Eligible retirees are eligible for the following benefits. Your ID card are automatically updated to retiree status. You must keep your ID to be eligible for additional benefits.<\/p>\n Electronic Personnel Action Request (e-PAR<\/u>)<\/a><\/p>\n You are responsible for communicating with Your department about your intent to retire. This is best done with a written letter of retirement. The department will process a \u201cretirement\u201d e-PAR (electronic Personnel Action Request form) and submit it to the Human Resources Department. You are encouraged to ensure your department follows through with the e-PAR process.<\/p>\n You are responsible for keeping your personal information up to date as well as notifying your health and retirement plan providers of your retirement.<\/p>\n Automatic payroll deductions will cease upon retirement. It is your responsibility to contact any vendors to arrange for continuation of payment.<\/p>\n <\/p>\n \n Retiring From NAU The Guide to Retiring from NAU includes information on the retirement process and the benefits you will be eligible for at retirement. Topics include: Retirement planning resources Selecting your retirement date What happens to your current benefits when you retire. Retirement Income Retiree health care coverage Other NAU retiree benefits Working after […]<\/p>\n","protected":false},"author":235,"featured_media":3558,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","ring_central_script_selection":"","footnotes":""},"class_list":["post-6992","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/6992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/users\/235"}],"replies":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=6992"}],"version-history":[{"count":4,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/6992\/revisions"}],"predecessor-version":[{"id":24044,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/6992\/revisions\/24044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media\/3558"}],"wp:attachment":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=6992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Retiring from NAU Workshops<\/h2>\n
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How to register\u00a0 Accordion Closed<\/span><\/h4>\n <\/span>\n <\/div>\n <\/a>\n
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Pre-retirement counseling<\/h2>\n
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Phased Retirement<\/strong><\/h2>\n
Retiree Benefits<\/h2>\n
Health, dental, and vision insurance<\/h3>\n
Employee Assistance and Wellness (EAW)<\/h3>\n
Life insurance<\/h3>\n
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Short- and long-term disability<\/h3>\n
Retiree Accumulated Sick Leave (RASL) program<\/h3>\n
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Vacation leave<\/h3>\n
Comp time<\/h3>\n
Arizona Board of Regents (ABOR) Benefits<\/h3>\n
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Additional retiree responsibilities<\/h3>\n
Notify health and retirement plan providers<\/h4>\n
Payroll deductions<\/h4>\n
Meet with a retirement advisor<\/h3>\n <\/div>\n
Faculty & Appointed Staff<\/h4>\n
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Classified Staff<\/h4>\n
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Resources<\/h3>\n <\/div>\n <\/div>\n\n
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