Retirement Planning and Insurance Benefits Overview
This presentation provides essential information on retirement planning and insurance benefits offered by PEBA. It covers resources for retirement, important information on insurance benefits, online resources such as the Insurance Benefits Guide, MyBenefits access, benefits office details for retirees, and a financial disclaimer. The content emphasizes the individualized nature of personal finance and the importance of seeking professional advice for financial decisions.
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Resources Get Set for Retirement | Insurance 2024
Important information This presentation is not a comprehensive description of the insurance benefits offered by PEBA. For more information, and before you make enrollment decisions, review the Insurance Benefits Guide. 2
Online resources Insurance Benefits Guide. A detailed overview of insurance benefits that includes descriptions of benefits and contact information. Available at peba.sc.gov/publications. Navigating Your Benefits series. Flyers and videos that provide plain-language explanations of insurance and retirement benefits. Available at peba.sc.gov/nyb. Retiree Packet. A comprehensive packet of helpful information for members planning to retire. Available at peba.sc.gov/forms. Insurance Coverage for the Medicare-eligible Member handbook. A detailed overview of insurance benefits for Medicare-eligible members. Available at peba.sc.gov/publications. 3
MyBenefits in retirement MyBenefits.sc.gov. Accessible online 24/7. Review benefits statement; Change contact information; Make changes during open enrollment; and Upload supporting documentation. 4
Your benefits office in retirement Retirees of state agencies, public higher education institutions, public school districts and charter schools that participate in both insurance and retirement: PEBA will be your benefits administrator. Premiums may be deducted from your retirement check. Retirees of optional employers and charter schools that participate in insurance only: Your former employer will remain your benefits administrator. You will pay premiums through your former employer. Your premiums may vary from those in PEBA publications. Contact your benefits administrator for your premiums. View the Paying Retiree Group Insurance Premiums flyer. 5
Financial disclaimer Personal finance, as the name implies, is a highly individualized and personal matter. The information provided in these presentations is general educational information provided to illustrate certain financial ideas and concepts. This information does not take into account your personal situation and should not be considered personal financial or investment advice. In reviewing this video, you should consider whether the information presented is appropriate for your particular needs and, where appropriate, you may wish to seek advice from a financial professional to determine what is best for your individual financial circumstances. PEBA does not make any guarantee or other promise as to any results that may be obtained from using the content of this presentation. 6
Disclaimer This presentation does not constitute a comprehensive or binding representation of the employee benefit programs PEBA administers. The terms and conditions of the employee benefit programs PEBA administers are set out in the applicable statutes and plan documents and are subject to change. Benefits administrators and others chosen by your employer to assist you with your participation in these employee benefit programs are not agents or employees of PEBA and are not authorized to bind PEBA or make representations on behalf of PEBA. Please contact PEBA for the most current information. The language used in this presentation does not create any contractual rights or entitlements for any person. 7
