Benefits
If you are age 65 or older when you retire from the university, you are required to enroll in premium-free Medicare Part A (if eligible) and purchase Medicare Part B coverage.
- Part A helps cover inpatient hospital care, skilled nursing care, and hospice and home health care.
- Part B helps cover medically necessary services such as doctors’ services and outpatient care. Part B also covers some preventive services, including pap tests, flu shots, and screening mammograms.
- If you do not sign up for Part B when you are first eligible, the cost for Part B may go up 10% for each full 12-month period that you could have had Part B but did not sign up for it.
To help cover the cost of medical expenses, eligible retirees can receive a monthly contribution to a PEBP Exchange-HRA based on their date of hire, date of retirement, and total years of service.
An eligible retiree must obtain and maintain medical coverage through the Medicare Exchange, Via Benefits. TRICARE for Life retirees are not required to enroll in a medical plan; however, they must provide PEBP with a copy of their TRICARE for Life Military ID card front and back and Medicare Parts A and B cards.
Steps to Retire
Discuss your Retirement (one to six months prior to departure)
Talk to your supervisor about your retirement and select an effective date for your separation. Complete the and indicate that you will be retiring. Then, submit your resignation in Workday by following these steps:
- From the Workday homepage, click on the blue cloud in the upper-right corner
- Select ‘View Profile’
- Select ‘Actions' underneath your name
- Select ‘Job Change and ‘Resign’
- Complete prompts and select Worker Resignation > Resignation > Retirement.
- Upload resignation form
Make Arrangements for Health Insurance (three to six months prior to departure)
We encourage you to contact Medicare at least three months before you retire to apply for coverage. Call 800-633-4227 for additional information. To help cover the cost of medical expenses, eligible retirees can receive a monthly contribution to a PEBP Exchange-HRA based on their date of hire, date of retirement, and total years of service. Within 60 days of your retirement date, contact PEBP for the required forms. You will need to submit a Retiree Benefit and Enrollment Change Form (RBECF) along with a Years of Service (YOS) Certification Form to the PEBP office. If you are Medicare eligible, you will need to submit a copy of your Medicare Parts A and/or B card. You may also need to transition to the Medicare Exchange at that time. You must have Medicare Part A and B to be eligible to receive the retiree healthcare benefit.
Meet With a PERS Retirement Counselor (three to six months prior to departure)
Contact the PERS office at 702-486-3900 to initiate payment for retiree benefit. A regular PERS classified employee can retire and receive retirement benefits if he or she meets the below years of service and age requirements based on their hire date:
| Enrolled before 1/1/2010 | Enrolled on or after 1/1/2010 | Enrolled on or after 7/1/2015 |
|---|---|---|
| 5 years of service and age 65 | 5 years of service and age 65 | 5 years of service and age 65 |
| 10 years of service and age 60 | 10 years of service and age 62 | 10 years of service and age 62 |
| 30 years of service and any age | 30 years of service and any age | 30 years of service and age 55 |
| 33.3 years of service and any age |
A police PERS classified employee can retire and receive retirement benefits if he or she meets the below years of service and age requirements based on their hire date:
| Enrolled before 1/1/2010 | Enrolled on or after 1/1/2010 | Enrolled on or after 7/1/2015 |
|---|---|---|
| 5 years of service and age 65 | 5 years of service and age 65 | 5 years of service and age 65 |
| 10 years of service and age 55 | 10 years of service and age 60 | 10 years of service and age 60 |
| 20 years of service and age 50 | 20 years of service and age 50 | 20 years of service and age 50 |
| 25 years of service and any age | 30 years of service and any age |
Schedule Your Offboarding Meeting (one to six months prior to departure)
Email offboarding@unlv.edu to notify HR that you plan to retire and schedule an offboarding appointment. The benefits representative will discuss options available to you for continuation of benefits, retirement accounts, continuation of voluntary insurance policies, etc.
Discuss Your Time Off (one to six months prior to departure)
We recommend that you meet with your department Absent Support to ensure that all of your time off requests are correct in Workday. You are entitled to payment for time off and depending on your years of service, you will be eligible to receive payout for unused sick leave. For unused annual leave and depending on your years of service, you will be eligible to receive payout for unused sick leave.
Return Department Property (last week prior to departure)
Return department property, including office keys, access cards, or department credit cards.
Settle Any Outstanding Debt Owed to the University (two to four weeks prior to departure)
Debts can include, but are not limited to, library fines and parking citations.
Update Workday (last week prior to departure)
- Complete any outstanding Inbox items
- Update your contact information, including your email address. Your 51³Ô¹ÏºÚÁÏ email will end on your last day of employment
- Click on ‘View Profile’ in the upper-right corner in Workday
- Click on ‘Actions’ and ‘Personal Data’
- Select ‘Edit Personal Information’
- Select ‘Change Contact Information’, make changes, and ‘Submit’
- Ensure any delegations are removed