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POLICY

Retirement Eligibility Rules

Benefits Available to You In Retirement

 

Eligibility for Retiree Medical and Life Insurance Coverage

To be eligible to continue medical and life insurance coverage as a retiree of NYU, an employee must meet one of the following criteria:

Retirement Eligibility Rules

  • Rule of 70: You are eligible if your age plus years of continuous, full-time service equal 70 or more and you are at least age 55, with at least ten years of service; or
  • You completed ten years of continuous, full-time service as of September 1, 1991, and you retire with 25 years of continuous fill-time service.

NOTE 1: If the service requirement above is met but the age requirement is not met, an employee must remain in active, continuous service until the age requirement is met in order to be a benefit-eligible Retiree of NYU.

NOTE 2: For individuals employed by NYU (Washington Square) and NYU Medical Center-Langone: An NYU employee who is retirement eligible is offered the retirement benefits plan of the entity in which they were employed by NYU at point of retirement.

Disability Retirement Rule

  • Faculty, Administrator and Professional, and Professional Research Staff: You are eligible if you have 10 or more years of continuous, full-time service and you are found eligible for Long-Term Disability.
  • Office and Clerical (Local 3882), Laboratory and Technical (Local 3882), and Service Staff (Local 1, Local 810, and Non-Union): You are eligible if you have 15 or more years of continuous, full-time service and you are found eligible for Long-Term Disability.

Eligibility for Retiree Tuition Benefits

See Tuition Benefits Policy for Retirees


About This Policy

Effective Date: April 01, 2000
Issuing Authority: Office of Human Resources
Responsible Officer: Vice President
Office Name: Human Resources
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