• Group rate medical, dental and vision insurance,
For further information on retirement benefits go to:
The University offers a number of medical coverage options for those eligible for retirement: one traditional fee-for-service plan (BCBS), two health maintenance organizations (BCN and HAP), one preferred provider plan (DMC Care) and two Medicare Advantage plans (Aetna Medicare Open – a private fee-for-service plan and HAP Senior Plus – an HMO). The options differ in the benefit levels they provide, the doctors and hospitals you can use, and the cost. The university also offers group rate prices on dental and optical insurance to retirees enrolled in WSU provided health insurance programs. For details go to the Retiree Medical Insurance Handbook.
University provided insurance is available at the full group rate (this includes a “retiree rate” for those over 65). Automated Benefit Services (ABS) a third party administrator will bill retirees on a monthly basis. If you are age 65 or older, you will need to apply for Medicare Hospital Insurance (Part A) and Medical Insurance (Part B) at your nearest Social Security office about three months before your date of retirement. Medicare will be your primary insurance. Your university medical insurance will be secondary. You should provide the benefits office with a copy of your Medicare card as soon as you receive it.
For more information on university provided medical plans for retirees click here.
Alternative Medi-Gap Options to Consider
AFL-CIO sponsored program (only available to union members):
AARP sponsored program:
Retirement Savings Funds
For information regarding the various options available to you through TIAA-CREF and/or Fidelity Investments TIAA at 1-800-842-2776 (New York) or at 1-800-842-2044 (the Southfield regional office) for individual counseling. Fidelity counselors can be reached at 1-800-343-0860.
For information and advice on your 403B account check out the AARP site.
The AFT Member Plus also provides online retirement planning at: http://retirement.unionplus.org/
For information regarding Social Security Retirement benefits, go to your local Social Security Administration office, call their toll-free number at 1-800-772-1213, or visit their Web site at www.ssa.gov
Bargaining-unit members holding tenure or employment security status who will have attained the age of 60 as of September 1, and who have provided at least ten years of full-time service (or its equivalent) to the University are eligible to participate in a phased retirement (faculty) or retirement buy-out (academic staff) option.
To participate in this option, faculty or academic staff must submit to their dean or director and to Total Compensation and Wellness prior to March 1 of the academic year preceding the start of the phased retirement an irrevocable declaration of intent to begin the phased retirement / buy-out option. For all bargaining unit members the effective date of change in status shall be no later than the first day of the academic year following the submission of the declaration.
Phased Retirement for Faculty
Retirement Buy-Out for Academic Staff
Vacation and Sick Days When Retiring
There are some exceptions to this rule. Vacation days can be cashed out with the approval of your Chair/Director, Dean and Provost if there are extenuating circumstances such as understaffing or increased workloads that made it impossible to take the time off earlier.
Important Notification Timelines
• If you are retiring at age 65 or older, apply for Medicare Hospital Insurance (Part A) and Medical Insurance (Part B) though Social Security offices about three months before your date of retirement.
• If electing the phased retirement (faculty) or the retirement buy-out (academic staff), submit a letter to your dean or director and to Total Compensation and Wellness prior to March 1 declaring your intent to irrevocably retire in the upcoming academic year.
• Send a copy of your letter of retirement to your supervisor or department chair and to the Department of Total Compensation & Wellness at least two weeks before your date of retirement.
Total Compensation Contact Info
Automated Benefit Services (ABS)
AAUP-AFT, Local 6075 - 5057 Woodward Avenue - Suite 3301 - Detroit, Michigan 48202-4050 - Phone: (313) 577-1750 / Fax: (313) 577-8159