Overview of Benefit Coverage

Retirement between the Age of 62 and 65

  • Your medical benefits and contribution towards those benefits remain the same as an active faculty and staff member. Your contribution however must be paid on an after tax basis.
  • Active dental and vision coverage will continue.
  • Unless disabled at retirement, salary continuance, short-term disability, and long-term disability discontinue.
  • Life insurance for eligible retirees is equal to $1500 for each year of service up to a maximum of $15,000. You may continue optional life insurance at groups rates. No medical underwriting is required. 
  • Long-term care insurance may continue as long as you continue to pay the premium.
  • You may leave any assets in your accounts that you accumulated with TIAA-CREF and Vanguard.

Retirement at Age 65 or Older

  • At age 65, you become eligible for medical benefits that are provided by or associated with Medicare. The University provides medical benefit coverage that either compliments Medicare or serves as a replacement to traditional Medical programs. Changes can be made during an open enrollment period of if you have a life event change. 
    • Two plans that complement Medicare:UPMC’s National Complementary Program or Highmark’s Security 65 Program.
    • Four Preferred Provider Option (PPO) programs: Two by Highmark and two by UPMC Health Plan. PPO’s offer a greater level of flexibility that includes coverage if you need non-emergency services outside of the Western PA area.
    • UPMC Health Plan offers a Health Maintenance Organization (HMO) option that provides coverage very similar to the popular Panther Gold plan offered to active faculty and staff.
  • A post-65 dental and vision program are available.
  • Unless disabled at retirement, salary continuance, short-term disability, and long-term disability discontinue.
  • Life insurance for eligible retirees is equal to $1500 for each year of service up to a maximum of $15,000. You may continue optional life insurance at groups rates. No medical underwriting is required. 
  • Long-term care insurance may continue as long as you continue to pay the premium.
  • You may leave any assets in your accounts that you accumulated with TIAA-CREF and Vanguard. They provide financial planning services at no charge as long as you retain assets in their respective accounts.

Summary Guide to Benefits

A summary guide to retiree benefits is available to retired faculty and staff, including eligibility, actions steps, and contact information, as well as a helpful tools list that include a PowerPoint presentation and a retirement checklist.

For more information regarding post-65 retirees, explore this Post-65 Retiree Health Care summary guide. An outline of the retirement savings plan can be found on the Benefits page.