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Retirees

Planning for retirement shouldn’t end when you begin your retirement. Reviewing all aspects of retirement, ranging from healthcare to finances to housing, is important to maintaining your overall health and well-being during retirement. Click on the links to the left to learn more about the topics summarized below.

Healthcare

Your coverage needs will likely change throughout your retirement. At the same time, healthcare coverage options continually change. You’ll want to review your decisions about your Medicare choices, supplemental plans (especially prescription drug coverage), and advance directives to ensure they continue to meet your needs.

Finances

For many retirees, finances may be a concern. Typically, your pension, Social Security, and savings and investments make up your income throughout retirement and are “fixed” for life. However, some parts of your finances in retirement, such as your budget and estate planning, are within your control and can be adjusted. In addition, if an urgent need arises and you are eligible, financial assistance may be available through the Assistance Program of the Board of Pensions.

Death Benefits

The death benefits provided through the Death and Disability Plan are designed to help ease the financial burden to your eligible survivors and designated beneficiaries at the time of your death.

If you participated in the Death and Disability Plan when you were an active or disabled member, your eligible survivors may receive certain benefits: Salary Continuation, Living Needs, and Children’s Education.

Housing

As a retiree, you may have many housing options available, including Presbyterian homes providing varying levels of assistance and care. In addition, if an urgent need arises and you meet the eligibility requirements, you may apply for housing supplements from the Assistance Program.

Post-Retirement Service

If you decide to return to work in a PC(USA) church or employing organization after you’ve started your pension, your benefits may be affected. It’s important to understand that working after retiring may have an effect on your pension and other benefits.

Resources and Support

The Board of Pensions, its service providers, and dozens of other organizations offer services and information that can help you during retirement.