Call the Board of Pensions and we'll walk you through key considerations, resources, and options. You can reach us Monday through Friday, 8:30 a.m. to 7 p.m. ET at 800-773-7752 (800-PRESPLAN).
If you are enrolled in the Defined Benefit Pension Plan, you will receive a monthly income throughout retirement. The amount you receive each month depends on when your pension begins and how your benefit is paid.
Contact the Board of Pensions at least four months before you plan to retire to connect with a representative who will provide you with information and a personalized Retirement Pension Application. Submit your application at least 45 days before you plan to retire.
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). Choosing Healthcare at Retirement outlines the key parts of Medicare and your healthcare coverage options.
Because Medicare may not provide all the coverage you need, the Board offers the Medicare Supplement Plan to help support your well-being. Learn more about Medicare Supplement Plan coverage, costs, and enrollment.
*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 enrolled in medical benefits through the Board of Pensions, including the Medicare Supplement Plan, or if you're enrolled in Minister’s Choice, you have access to the Employee Assistance Plan (EAP). The EAP is available to help with a variety of needs, including counseling sessions, financial and legal consultations, and home life referrals.
Board University can help you plan for and live into retirement.
Learn how to access these and other educational offerings to assist with planning for retirement.