Benefits for Retirees of Georgetown University: Office of Faculty and Staff Benefits

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Benefits for Retirees of Georgetown University

When you terminate from the University after the attainment of age 55 and the completion of 10 years of service, you are eligible for retiree benefits. You must meet both the age and service requirements in order to be eligible for this benefit. For example, if you terminate employment at age 68 with 6 years of service, or if you terminate employment at age 54 with 30 years of service, you will not be eligible for the retirement benefits listed below. However, if you meet the age and service requirements, you will be eligible for retiree benefits regardless of the reason for your termination (voluntary, involuntary, layoff, etc).
 
Additionally, to be eligible for retiree medical, life insurance and tuition assistance benefits, you must be working at least 75% time or 30 hours per week AND be eligible for and/or enrolled in the benefit at the time of retirement.
 
Retiree benefits include: 

All terminating employees, regardless of their age and years of service, are eligible for a distribution of their vested benefits from the Voluntary Contribution Retirement Plan, the Defined Contribution Retirement Plan, and the Georgetown University Retirement Plan ("GURP"), as applicable.

Retiring faculty and staff who wish to participate in a Georgetown University-sponsored retiree medical or dental plan, will be required to pay monthly premium contributions using one of the following options:
  1. Reduction from monthly Georgetown University Retirement Plan (GURP) annuity OR
  2. Reduction from monthly TIAA-CREF annuity.
  3. If retiree does not receive an annuity from the sources listed above then they will be required to pay by personal check. 
COBRA
Please note as a recent retiree, you will also receive COBRA paperwork, mailed to your home address. We mail you COBRA paperwork, even though you are entitled to receive retiree medical benefits, for two important reasons:
 
  • COBRA regulations require us to send you this paperwork
  • You may be interested in electing COBRA for your dental insurance (see preceding paragraph).


 Questions?  The Office of Faculty and Staff Benefits has a dedicated line for retirees.  Please contact us anytime at 202-687-6547, or email retireehelp@georgetown.edu.

 

Office of Faculty and Staff Benefits · Georgetown University
37th & O St NW, Ground Floor, Healy Hall · Washington, DC 20057-1021
tel. (202) 687-2500 · fax. (202) 687-2389 ·
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