Overview

Faculty and staff members who are in active employment and are at least age 52 with a minimum of 10 years of service, are eligible to retire from the college. You may use this Retirement Checklist if you are planning to retire from the college.

To begin the retirement process, you must send a written notification of your retirement to your manager/Dean, with a copy to Human Resources. Once Human Resources receives a copy of your retirement notice, a Retirement Packet will be prepared for you.

Enrollment in Health Insurance

Employees who are eligible to retire and who were covered under one of Oberlin College’s group health plans while in active service, may enroll to continue to participate in the health plan during retirement. Employees who are eligible to retire and are eligible for our health insurance benefits may also elect to participate in the health plan upon retirement. All employees under 65 will be placed in the CIGNA OAPA A plan; retirees age 65 and over will be placed in the CIGNA Retiree Comp Plan; retirees under 65 whose spouse or Domestic Partner is age 65 and over, and participates in our health plan, will also be placed in the CIGNA Retiree Comp Plan. These health insurance plans include prescription, and mental and substance abuse insurance. For further information, please view the links below.

Enrollment in Vision and Dental Insurance

To continue or elect coverage in the Vision and/or Dental plans, you must indicate your choice on the enrollment form in your Retirement Packet.

Open Enrollment Period

Each year during the Open Enrollment period in October, you may change/cancel your coverage. The change will go into effect on January 1, the following year. If you do not need to make any changes to your coverage, you would not need to complete enrollment forms during Open Enrollment. Additional information with respect to plan changes, if any, together with other information will be mailed to each retiree during Open Enrollment.

Your Dependent(s) Eligibility

Benefits coverage for you and your eligible dependents in effect at the time of retirement can continue. Covered dependent children remain on your benefits until they no longer meet eligibility requirements, usually the end of the month in which they turn 23 for vision and dental insurance, or 26 for health insurance.

Note: A retiree cannot add a dependent during retirement.

Other Benefits

Please review the applicable sections on the Retirement Website for information on your Life Insurance, Accidental Death & Dismemberment Insurance, Long Term Care, TIAA Retirement Plan, and Dental and Vision Plans.

If you have any questions, please contact Human Resources at 440-775-8430.