Call the Board of Pensions to request a retirement application. If you’re a member retiring from active service, you can speak with a retirement programs specialist. We'll walk you through key considerations, resources, and options.
You can reach us Monday through Friday, 8:30 a.m. to 6 p.m. ET at 800-773-7752 (800-PRESPLAN) (TTY: 711).
As you consider what your retirement will look like, take time to review this chart detailing the coverage and benefits options that will be available to you.
Planning to Retire is a comprehensive resource that goes further into detail about your benefits options as you prepare for the retirement process.
Board University can help you plan for and live into retirement.
The Defined Benefit Pension Plan provides a monthly income throughout retirement. The amount you receive each month depends on when your pension begins and how your benefit is paid.
You can use the Pension Estimate tool on Benefits Connect to view your estimated monthly pension benefit amount and generate different financial scenarios.
Log on to Benefits Connect at least four months before your planned retirement date and share important information to notify us. A representative from the Board of Pensions will contact you to help you understand your pension and medical options.
If you participate in the Retirement Savings Plan, you may want to review and update your investment strategy as you approach retirement. Before you retire — or anytime — consider a complimentary consultation with a Fidelity workplace financial consultant (enter Board of Pensions for the employer name).
As you near retirement, log on to Fidelity NetBenefits to review your account or call Fidelity at 800-343-0860 to speak with a customer service associate about your options (reference plan #57887).
Not yet participating? Check with your employer if they offer the Retirement Savings Plan. Then, learn how you can enroll.
You may be eligible to continue your medical coverage through the Board of Pensions. Enrolling in medical continuation coverage enables you to keep the same coverage you have now — PPO, EPO, or HDHP — on a self-paid basis for a limited time.
You can enroll for Medicare if you are age 65 or older* (or if you are younger than 65 and have certain disabilities).
Because Medicare may not provide all the coverage you need, the Board offers the
Humana Group Medicare Advantage PPO plan to support your well-being. Retired members pay no monthly subscription rate to participate.
*If you plan to continue working after turning 65, the Board recommends that you enroll in Medicare Part A and defer Part B.
Consider how certain benefits may help provide for you and your survivors, should you die before they do or suffer a terminal illness.
If you're enrolled in the Death and Disability Plan, the following benefits may be available:
If you're enrolled in the Death and Disability Plan or Term Life Plan, supplemental death benefits coverage offers survivors additional protection against unexpected loss of income.
If you are an active member planning for retirement and you are enrolled in medical benefits through the Board of Pensions or in Minister’s Choice, you have access to the Employee Assistance Plan (EAP). The EAP is available to help with a variety of needs while you plan for retirement, including counseling sessions and financial consultations.
The Board of Pensions offers need-based financial support to retirees and surviving spouses through the Assistance Program. Learn more about each grant, including eligibility and how to apply.