Retiring represents a significant life transition that requires planning and preparation. You may be wondering what happens to your benefits when you retire.
When you retire, you can no longer access the same benefits that were available to you as a UBC employee. However, if you are 55 or older, you can choose to enroll in any of the benefit plans under UBC’s Retirement and Survivor Benefits (RSB) Program, including Extended Health, Dental and / or the Employee and Family Assistance Plan.
Benefits end date in Workday
Timeline to enroll in RSB Benefits
If you are retiring or leaving UBC and you are 55 or older, you have 31 days from the date your active benefits terminate to enrol in any of the plans under the optional Retirement and Survivor Benefits Program. After the 31-day enrolment period, you are no longer able to join the RSB plans.
RSB Benefit Coverage
The RSB extended health and dental coverage is not the same as that offered to current UBC employees and you are responsible for paying the monthly premiums. Before enroling in the RSB Benefits plan, it is important that you understand the details of the plan and ensure that it is the right option for you and your dependents.
Visit the Retirement & Survivor Benefits page on the HR website to learn more about eligibility, plan coverage, cost and the enrolment process.
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