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As you begin to think about what you want the next phase of your life to look like, it’s important to know what it will take to make that happen—logistically, financially, and emotionally. We can help.
Once HR is notified of your intent and the date you wish to retire, we work with you—step-by-step—through the entire process. We notify you as to your benefits, based on your age and retirement classification. We go over your options involving Social Security, Medicare, Medical and Dental Plans, Life Insurance and Income Distribution Plans.
As your retirement date moves closer, we keep you up to date with necessary documents and forms that will enable you to plan and manage your financial future, and know what to expect once you formally enter retirement.
If you need someone to talk to, we’re here, ready to answer questions, provide insight, offer support, and work to guarantee you have everything you need to make the best decisions for you and your family moving forward. At the same time, we help you understand the many perks and privileges you will carry with you as a lifetime member of the Baylor Family.To get you started, the following helpful guide outlines many of the action steps on your journey to retirement:
Retiree Benefits Details: Retiree benefits are determined by the Retiree classifications below. This document provides details of the benefits for each classification.
Faculty/staff members (age 55+) who separate from service with 20 or more years of service as of May 31, 2007.
Faculty/staff members (age 55+) who separate from service with 10 or more years of continuous full-time service at Baylor University.
Faculty/staff members (age 55+) who separate from service with more than 5, but less than 10 years of continuous full-time service at Baylor University.
Faculty/staff members (age 55+) who separate from service and are of retirement age but have not completed 5 or more years of continuous full-time service at Baylor. There are no additional benefits for Retiree III designation. The Retiree III may continue medical/dental insurance for up to 18 months on continuation of coverage at the full cost of premiums. Participants must not be eligible for Medicare or other employer group coverage.
Faculty/staff members (age 55+) who separate from service and are of retirement age and have completed at least 10 years of continuous regular part-time service at Baylor University.