Retiring from BU?

When you retire from BU, please consider how your benefits are affected:


How Coverage is Affected

Health and Dental Plans If you are retiring or your employment ends on or after age 65, your health coverage will end and you should explore your options with Medicare.  You should begin the Medicare enrollment process 3 months before you turn age 65 or leave employment.  Visit the Medicare website for further details.

Basic Life Insurance and

Supplemental Life Insurance

Coverage ends on the last day of the month in which you retire.  You may convert your coverage to an individual policy within 31 days of the termination of coverage.

Travel Accident Insurance Plan

Long Term Disability Plan

Coverage ends on the day you retire.

Personal & Family Accident Insurance

Coverage ends 31 days after you retire.  You may convert your coverage to an individual policy.

BU Retirement Plan and

Supplemental Retirement & Savings Plan

You are fully vested in all your funds, regardless of when you retire.  Visit our website for information on “How to Obtain Benefits” from Fidelity Investments and TIAA.

Tuition Remission Program

Visit the Tuition Remission webpage  for information on how your and your family’s benefits are affected by your retirement.

Flexible Spending Accounts

You can be reimbursed for eligible expenses incurred up to your date of retirement.  All claims must be submitted by March 31 following the end of the calendar year in which you retire.

Social Security Benefits In order to get the most from your Social Security benefits, think carefully about when to begin taking your benefits.  You can start receiving benefits as early as age 62 or as late as age 70.  However, your monthly benefits are reduced if you start them any time before your “full retirement date”.

Apply online at to begin your benefits.

Maximize My Social Security software developed by Professor Laurence Kotlikoff is free to all BU faculty and staff.