Planning Resources

Prepare for retirement by evaluating your retirement income.


Review the steps to take prior to retiring regarding your benefit coverage:



Eligibility

To qualify for the retiree benefits, an individual must meet the age and service requirements below as well as be benefits eligible at the time of retirement from NU.

Age at Retirement

Years of Continuous Service Required as of the Date of Retirement

 

Full Time

Part Time

55

10

10

56

10

10

57

10

10

58

9

10

59

8

10

60

7

10

61

6

9

62

5

8

63

5

7

64

5

6

65

2

2

NOTE: Retirees who do not continue their insurance as a retiree may not enroll in the University's insurance plan at a future date (past 31 days of retiring). A retiree may pick up the University's retiree plan at their retirement for the first time. The Annual Open Enrollment period for retirees only allows changes between plans, not new enrollment or adding coverage for a family member who was not covered by the plan at the date of retirement.