1. Overview of Benefits Offered
GW Retiree Benefits
Overview of Benefits Offered
Good morning! Welcome to the Retirement Education and Wellness Fair. We are so glad all of you could come and learn more about the Retirement options here at GW.
This presentation will discuss how to retire from GW. For general retirement questions, please hold until the end of the presentation. For more specific questions, we have representatives from GW Benefits, TIAA, Fidelity and ViaBenefits in room 301, and we ask that you take personal questions there.

2. Retirement Eligibility
Age 55 with at least 20 years of continuous FTE service
Age 60 with at least 10 years of continuous FTE service
Age 65 with any number of years of service
In order to retire with full benefits, you must be:
Age 55 with 20 years of continuous full time or full time equivalent service (i.e 10 years of full time service = 20 years of part time service)
Age 60 with 10 years of continuous full time service
Or at Age 65 with any numbers of years of service
FTE = Full-time equivalent 2

3. Retirement Savings Plan
At retirement, all funds are available to you
Before retirement, funds are available for In-Service Withdrawals
All 403(b) contributions available at age 59½
Matching contributions in 401(a) available at age 59½
Base contributions in 401(a) available at age 62
Savings can remain in the plans until Required Minimum Distributions begin at age 70½
Prior to your retirement, you should contact your investment provider(s) to request an analysis of the payment options available to you upon retirement
At retirement, all funds that you have contributed to a retirement savings account become available to you.
Before retirement, you can begin withdrawals at age 59 ½ for your 403(b) contributions and 401(a) match contributions. At 62, you can begin to withdrawal from your 401(a) base plan.
You can leave fund in your account until the age 70 ½. After that point you will need to take the required minimum distribution. 3

4. Suite of Benefits for Active Employees
Medical
Dental
Vision
Flexible Spending/Health Savings Accounts
Health Advocate
Castlight
Basic and Supplemental Life and AD&D Insurance
Short Term and Long Term Disability Insurance
Legal Resources
Tuition Remission and Tuition Exchange
Employee Discount Programs
As an active employee, you are eligible for many benefits such as:
Medical
Dental
Vision
Flexible Spending/Health Savings Accounts
Health Advocate
Castlight
Basic and Supplemental Life Insurance
Short Term and Long Term Disability Insurance
Tuition Remission and Tuition Exchange

5. Retiree Benefits Medical & Prescription Pre-65 65 and over
Health Advocate
Dental
Vision
Basic Life Insurance
Tuition Remission and Tuition Exchange
Discount ID Protection, Auto & Home and Pet Insurance
When you retire from GW, you remain eligible to continue for the following benefits:
Medical (pre and post 65) + Health Advocate
Dental
Vision
Tuition Remission and Tuition Exchange
Discount Programs 5

6. Group Health Insurance
Active employee medical, dental and vision insurance continue until the end of the month in which the employee retires
Employees may elect retiree plans effective the first of the month following retirement
Please allow time for your enrollment and transition
If you are currently enrolled in the medical benefits, your active coverage will end of the last day of the month of your retirement. (if you plan to retire on July 18, your active medical coverage will end on July 31).
You retiree coverage in turn begins the first of the month after your retirement date. (if you retire on July 18, your retiree coverage will begin on August 1). You will not experience any break in coverage.
We recommend that your reach out 90 days before you plan on retiring to ensure plenty of time for your enrollment and transition. 6

7. Medical & Prescription Insurance
GW Retiree HSP Plan
Retirees under age 65
Dependents under age 65
Via Benefits
Retirees age 65 or older
Dependents age 65 or older
In order to be eligible for the retiree medical benefits, you and your dependents must be enrolled in the medical insurance at the time of retirement. If you do not continue medical coverage at the time of retirement, you will not be eligible in the future.
Coverage available depends on the age of retiree and each of their covered dependents. Those who are under age 65 are offered coverage under the Retiree HSP medical plan. Those who are age 65 or older are not eligible for GW Retiree coverage, but may instead enroll in Medicare supplemental plans through Via Benefits, a Medicare Exchange company 7

8. Medical & Prescription Insurance: Under 65
Retirees and dependents under age 65 may enroll in the GW Retiree Health Savings Plan (HSP)
The GW Retiree HSP is a high deductible health plan (HDHP)
You will be eligible to open a Health Savings Account (HSA) at any institution you choose
The GW Retiree HSP can be continued until retirees or dependents turn age 65
For those who retire before you turn 65 or your covered dependent under age 65, you and/or your dependents will be automatically enrolled in the Retiree Health Savings Plan billed through PayFlex. This is a high deductible health plan with the option to open a Health Savings Account (with limitations). For more information on this plan, please visit our website. 8

9. Medical & Prescription Insurance: 65 and Over
GW offers the services of Via Benefits, a Medicare Exchange company, who can assist with the selection of individual Medicare supplemental medical and prescription plans
In order to elect a plan through Via Benefits, retirees and spouses age 65 or over must enroll in Medicare Parts A and B
Prescription plans include GW provided Catastrophic Drug Coverage
Retired Faculty only: Health Reimbursement Account
If you retire and you are 65 or older, or your dependents are over age 65, you are eligible for Medicare and the private Medicare supplemental exchange. Approximately 90 days before your retirement, we recommend that you reach out to your local Social Security Administration and Medicare offices to begin enrollment. Any forms that you need signed by our office should be scanned and ed to This is the preferred method of delivery, but we will also accept faxes, postal, and inter-office mail. Please note, GW Benefits is located in Ashburn on the VSTC campus. Please keep our location in mind when planning your retirement.
Once you have signed up for Medicare and received your cards in the mail, you will be able to work with ViaBenefits (formerly OneExchange), our partner that helps with your selection of individual Medicare supplemental and Part D prescription plans on the retiree exchange.
ViaBenefits will be presenting this afternoon so we strongly encourage you to attend their presentation and ask any questions you may have. They will also have a table in Room 301 to answer questions throughout the day. 9

10. Health Advocate
Retirees enrolled in the GW Retiree HSP or in a supplemental plan through Via Benefits remain eligible for the Health Advocate benefit
Health Advocate can help you find providers, understand and appeal claims, compare plans and more
Available to you, your spouse and your dependent(s)
If you elect to enroll in either the Retiree HSP or a supplemental plan through ViaBenefits, you will maintain the Health Advocate benefit. Health Advocate can help you find providers, understand and appeal claims, compare plans and more. This service is available to you, your spouse/domestic partner and your dependents. 10

11. Dental and Vision Insurance
All retirees who have dental or vision insurance through GW may continue coverage through retiree plans with identical structure and cost to the active employee plans
This insurance can be continued for as long as desired
If this insurance is dropped, it can be added again during a future annual open enrollment period
All retirees may continue the same dental and vision plans and rates you have as an active employee throughout your retirement. This insurance can be continued for as long as desired and if dropped, can be picked up again during a future open enrollment period. 11

12. Basic Life Insurance
Active employees receive group term life insurance in an amount equal to their annualized salary rounded up to the next $1,000 increment (age reductions apply).
At date of retirement, the benefit will reduce to 80% of the pre-retirement amount, rounded up to the next $1,000 increment
Every July 1 following retirement anniversary, benefit reduces another 20%, before reducing to $2500 on July 1 following 4th retirement anniversary or retiree is age 70 (whichever is earlier)
Premiums continue to be paid by GW, and the imputed value of premiums for coverage over $50,000 will continue to be taxable to the retiree
As an active employee of GW, you are eligible for 1 times your annual salary in life insurance paid for by GW. Any premiums paid for coverage in excess of $50,000 are taxable to you and you should see this on your paycheck. When you retire, GW will continue to pay this benefit for you. On your date of retirement, your life insurance amount will reduce to 80%. The benefit continues to reduce annually at a rate of 20% until it reaches $2,500 or age 70. Any premiums paid for coverage over $50,000 will continue to be taxable to you when you retiree. You will receive a separate W-2 from GW. If you would like to cap your benefit at $50,000, you can fill out a form with GW Benefits
Notes:
Reduces July 1 after each anniversary upon your retirement. 12

13. Tuition Benefits
Retirees with more than 10 years of full-time service retain benefits for themselves, their spouse or domestic partner and their eligible dependent(s)
Retirees with less than 10 years of full-time service retain tuition benefits for themselves. Spouse or domestic partner and eligible dependent children will remain eligible if they are already using the benefit at the time of retirement.
Eligible dependents of retirees may also participate in the Tuition Exchange Program on a space available basis
When you retiree, you are able to continue to use the tuition benefits with GW.
Retirees with more than 10 years of full time service retain benefits for themselves, spouse/domestic partner and eligible dependents.
Retirees with less than 10 years of full time service retain the benefit for themselves, spouse/domestic partner, and eligible dependents who were already using the benefit at the time of retirement.
Eligible dependents may also participate in the Tuition Exchange Program on a space available basis. 13

14. What happens to other benefits?
Health Savings Accounts Unused funds will remain available for you to use to cover future health care expenses (including Medicare premiums)
Flexible Spending Accounts
Healthcare FSA election ends last day of month of retirement, but can be continued through end of year under COBRA
Dependent Care FSA funds can be used to cover expenses incurred through end of the year of retirement
Optional Life & AD&D Coverage Ends last day of employment. Lincoln Financial will mail Port/Conversion notice with option to continue coverage
As active employees, you may have additional benefits through the university. Here is a summary of what happens to those benefits on retirement:
Health Savings Accounts – Any unused funds you or GW contributed to your HSA will remain available for you to access to cover future eligible healthcare expenses, including Medicare plan premiums. Note, if you enroll in the Retiree HSP plan, you can continue to make contributions into the HSA as long as you remain eligible. If you have a PayFlex account you can contribute to that account, otherwise you will need to set up a HSA account at another financial institution to access the tax reduction benefits of contributing.
Flexible Spending accounts – These accounts end the end of the month of your retirement from GW. For the Healthcare FSA, expenses can be claimed for healthcare costs incurred through the end of the monthm unless you choose to continue the benefits under COBRA through the end of the year.
Contributions made to the Dependent Care FSA can be used to claim expenses incurred through the end of the calendar year.
Optional Life & AD&D coverage ends on your last day of employment. Lincoln Financial will send you Port/Conversion notice with option to continue coverage directly through them 14

15. What happens to other benefits?
Short-term and Long-term Disability Coverage Ends last day of employment. No option to continue
Legal Resources Can be continued through Legal Resources. Contact Legal Resources within 30 days of retirement to retain coverage
Other discount programs and perks GW Retirees remain eligible for discount Home & Auto coverage, ID Theft Protection, Pet Insurance.
Disability benefits end on the last day of employment and cannot be continued.
If you were covered under the Legal Resources plan, you can contact them within 30 days of your retirement to request continuation of the plan through them
Other programs and benefits end on your employment end date, although retirees do retain access to the discounted Auto & Home Insurance, Pet Insurance, and ID Theft programs available to active employees. Contact GW Benefits for further information about those program.s 15

16. How Do I Retire From GW?
Visit the GW Benefits Retirement Website: benefits.gwu.edu/retirement
Download and read the Retirement Planning Guide
Questions? Contact GW Benefits. Appointments are available upon request
90 days prior to retirement:
Contact your Social Security office to inquire about retirement benefits
Review Medical plan options:
Age 65 and older: Contact Medicare to inquire about Medicare Part A & B enrollment, and contact Via Benefits for Medicare supplemental plan options
Age 64 or younger: Review the GW Retiree HSP Plan
Make an appointment with your retirement provider (TIAA or Fidelity Investments)
Inform your supervisor of your approaching retirement
Let’s review the entire Retirement Process with GW:
Visit and read all the information on the GW Benefits Retirement Website.
Download and read the Planning for Retirement Guide
-After reviewing, please contact GW Benefits or the appropriate vendor for further questions. Appointment are available upon request (we are located in Ashburn VA Campus)
3. 90 days prior to your enrollment:
Contact your local SSA
Contact local Medicare office and begin enrollment
Age 65 or older: contact ViaBenefits to review your Medicare supplemental plan options
Age 64 or younger: review the GW Retiree HSP Plan
Make an appointment with your retirement provider (TIAA or Fidelity)
4. Inform your supervisor of your approaching retirement 16

17. GW Benefits Retirement Website benefits.gwu.edu/retirement
For those of your who are unfamiliar with our website, here are a few screenshots of the kind of information available:
Retiring from GW
Preparing for Retirement
Life Insurance
Retirement Planning Guide 17

18. Contact Information available in Retirement Planning Guide
Contact information for GW benefits and all retirement vendors are located in the back of the Planning for Retirement Guide. 18

19. Questions?
Thank you for coming!! 19