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Retiree Benefits and Planning

We are here to ease the stress of retirement planning for you. We recommend beginning to plan three months in advance of your retirement. It is important to determine your eligibility first and then notify SVSU of your retirement. In order to assist you, we have created Retirement Planning Steps that will outline the process of retirement, as well as aid in decision making of your medical, dental, and/or vision coverage upon retirement.  Please visit MySVSU for more information.

Medical Plans

The following are summaries of benefits and coverage for the health insurance plans offered to PRE-65-year-old employees:

 The following is the summary of benefits and coverage for the health insurance plans offered to POST-65-year-old employees:

 The following are summaries of retiree vision and dental plans:

 The following is a rate comparison of the Medical, Dental & Vision plans offered to retirees:


Medicare

​When you retire, Medicare A & B will become your primary coverage. 

Part A Employees who are actively working when they reach age 65 should sign up for Part A (no cost to the member). 

Part B You do not need to enroll in Part B (monthly cost to the member) until you are ready to retire.

  • Enroll three months in advance of your retirement effective date. 

If you are not age 65 when you retire, you will need to sign up for coverage three months in advance of turning age 65 to avoid any penalties.



Retirement - Financial Planning

The following are summaries of the Defined Contribution 403(b) and Supplemental plans:



Retiree Perks

All retiring faculty and staff are welcome to join SVSU’s Osher Lifelong Learning Institute for one year* free of charge.  Members can enroll in a variety of classes and trips at a discounted rate, attend monthly meetings that feature a keynote speaker, and join a wide array of interest groups.  Here is a link to the OLLI website: www.svsu.edu/olli

To receive your free membership contact the OLLI office at (989) 964-4475. 


Free access to the Ryder Fitness Center (ID card required for entry) for retiree & spouse.

For more information visit: Ryder Center Membership


Retirees receive 75% and the spouse and children (up to age 30) of retirees receive 50%.

Employee Tuition Waiver Authorization 2.10-1

 


Two free "All-Sports" passes to athletic events (ID card required for entry). To get your
passes go to svsucardinals.com, then go to ‘tickets’ and select “All Sports Pass.”


CONTACT US.


Office of Human Resources
Wickes 373
hr@svsu.edu
Phone: (989) 964-4108 / Fax: (989) 964-7066





Employment & Hiring
Wickes 373
hremployment@svsu.edu
Phone: (989) 964-4108 / Fax: (989) 964-7066