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Potsdam Prepared: Fall 2021 Updates

Pre-Retirement Notes

  1. Empire Plan continues in retirement at the same rate as active employees. The cost is based on your sick leave credit.
    1. To find participating providers in other states, use a zip code search. The website is:  http://www.empireplanproviders.com
  2. Empire Plan continues to be primary in retirement until you turn 65, then Medicare becomes primary. You and your spouse must enroll in Medicare Parts A and B, but should decline Part D.
    1. Medicare Part A is hospital coverage and is free.
    2. Medicare Part B is medical coverage and costs $144.60 per month (subject to change). This is deducted out of your Social Security check.
    3. Because Empire Plan saves money when Medicare pays first, they reimburse you for the cost of Medicare for both you and your spouse. This is paid quarterly to you if you have TIAA CREF and will be put in your monthly pension if you have ERS or TRS.
    4. Medicare Part D is prescription drugs and the Empire Plan offers better coverage.
  3. Dental coverage ends 28 days after you retire. You can apply for COBRA if you choose. Additionally, GHI offers you a one time enrollment for retiree coverage and your union offers retiree coverage.
  4. Vision coverage ends 28 days after you retire. You can apply for COBRA if you choose. There is retiree coverage available through your union
  5. Survivor benefit for retirees: NYS offers a free $3,000 survivor benefit. Upon retirement, you will complete the form.