Prepare for Retirement

Pre-retirement counseling

About four to eight weeks before your intended retirement, schedule a pre-retirement counseling session to prepare your formal retirement paperwork.

Health, dental, and vision insurance

Learn more about your retirement health plan options.

COBRA

Northern Arizona University is required by law to provide employees separating from the University COBRA information and enrollment forms. Shortly after your last day of work, you will receive a COBRA packet from Human Resources. If you decide to continue medical coverage as a retiree, please disregard this packet.

Employee Assistance and Wellness (EAW)

Retirees on the university’s Blue Cross Blue Shield (BCBS) plan are eligible for the wellness programs and short-term counseling and referral services offered by Employee Assistance and Wellness, and counseling services through Arizona Biodyne.

Retirees enrolled in state health insurance plans are eligible to attend Wellness Workshop Series programs.

Life insurance

Employees enrolled in Aetna Life Insurance upon retirement may continue coverage if they were enrolled in Aetna Life Insurance as an active employee. Currently, the retiree group policy is $15,000 of coverage for an annual premium of $245.

Premiums are subject to change. Enrollment forms will be included in the retirement packet you receive at the retirement counseling session.

Contining your current coverage

During the 31 days immediately following the termination of your life insurance coverage, you may elect to continue your current supplemental life insurance coverage (known as porting) or you may convert it to whole life insurance. Term life insurance provides a death benefit only, while whole life provides cash value. Both The Hartford and Aetna Life Insurance offer portability and conversion options.  Contact your provider for more information on costs.

Aetna  The Hartford 
Policy# 476687
Group or Control# 320471
Phone: 800-523-5065
Policy # 395211
Phone: 866-712-3443

 

Short- and long-term disability

These plans are not eligible for continuation into retirement, and will end on the last day worked.

Accrued leave

Retiree Accumulated Sick Leave (RASL) program

State of Arizona RASL information

To qualify for the RASL program, you must:

  • be an active university employee retiring with a minimum of 500 hours of accrued sick leave
  • establish your retirement within 30 days of separation from the university
  • apply for retirement with the appropriate state retirement system

RASL payments are distributed in three equal payments over three years. The first payment usually arrives 90 days after separation. Unused sick leave under 500 hours will not be paid.

RASL deferred compensation option

Retirees may defer their first RASL payment to a 457(b) plan with the State-sponsored deferred compensation provider, Nationwide Retirement Solutions.

Vacation leave

Upon retirement you will be paid up to one year of accrued vacation. Unused vacation above the maximum will not be paid, but can be donated using Compassionate Transfer of Leave.

Comp time

All accrued comp time will be paid out on the last paycheck.

Arizona Board of Regents (ABOR) Benefits

Additional benefits are offered to retirees through ABOR.  To be eligible for these benefits, retirees must:

  • have completed at least five (5) years of benefit eligible employment in the Arizona university system immediately preceding retirement
  • be receiving a retirement income from an Arizona university sponsored retirement program
  • be at least fifty (50) years of age, and
  • must have not been terminated for cause

 Your ID card will be are automatically updated to retiree status. You must keep your ID to be eligible for additional benefits. 

BenefitsDetails
Educational aidRetiree and eligible dependents can take advantage of educational opportunities at any of the three state universities at a reduced tuition rate. 
BookstoreRetirees receive a 10% discount on most purchases at the university bookstore.
Recreation CenterRetirees may continue to receive discounted prices at the Recreation Center and Wall Aquatic Center.
LibraryMany of Cline Library's  services are available to retirees.     
Parking permitRetirees that are members of the  Northern Arizona University Retirees Association (NAURA) are eligible for a limited parking pass. Contact NAURA for detail

 

Additional retiree responsibilities

Electronic Personnel Action Request (e-PAR)

You are responsible for communicating with the department or the President’s Office about your intent to retire. This is best done with a written letter of retirement. The department will process a “retirement” e-PAR (electronic Personnel Action Request form) and submit it to the Human Resources Department. You are encouraged to ensure your department follows through with the e-PAR process.

Notify health and retirement plan providers

You are responsible for keeping your personal information up-to-date as well as notifying your health and retirement plan providers of your retirement.

Payroll deductions

Automatic payroll deductions will cease upon retirement. It is your responsibility to contact any vendors to arrange for continuation of payment.