If you are considering whether (or when) to move on to the post-work phase of your life it is very likely that you have many questions. For example, you may be wondering:
- What will happen with my retirement account when I retire? Can someone explain the options I will have for retirement plan distributions? Could I get an estimate of how much income I might expect to receive from my retirement account, post-retirement? How long after retirement will I have to wait before I begin receiving my retirement benefits?
- Will I be able to remain on Middlebury’s medical/dental/vision plans post-retirement? Will I be able to cover my dependents? How much will it cost? Are there other health coverage options I should consider?
- Do I have to apply for Medicare A? Medicare B? Medicare D? If so, when?
- How far in advance of retirement should I contact the Social Security Administration?
- What will happen with my CTO and SLR balances when I retire? Can I use my accumulated CTO balance to extend my retirement date past the date I will actually stop working?
- I still have a child in college; if I retire will he still be eligible for the dependent tuition benefit?
- How much notice should I give my manager? What is the process to formally initiate a retirement?
- Could phased retirement or a transitional retirement plan be right for me? What is involved in pursuing such an option?
- Would I be eligible to work at Middlebury part-time after I retire? Would doing so have any implications for my ability to draw funds from my retirement plan?
- Will I still be eligible for Middlebury’s recreational discounts such as Snowbowl, Rikert and the golf course? Are there other perks that come with retirement?
- Work has been a huge part of my life for decades and I’m concerned about the social and emotional aspects of retiring. Are resources available to help me?
My name is Franklin Daniel and I am Middlebury’s Retirement and Benefits Specialist. Whether you have definite plans to retire in the near future or are just starting to consider the possibility of retiring down-the-road I would welcome the opportunity to meet with you (and your spouse/partner, if you so choose). We can discuss the topics above as well as any other retirement questions/concerns you may have, and I can help connect you with other resources who will be able to assist you with your pre-retirement planning. If the time is right for you to begin gathering information about retiring from Middlebury please make an appointment by calling me at extension 5755 or emailing me at email@example.com. I look forward to meeting you!
Are you curious about what the Office of Digital Learning is up to? As always, we provide our readers with a weekly series on our blog called This Week in ODL where the inquisitive mind can easily find updates on the projects, news, and developments underway at our office. We invite you to click here for a complete listing of our weekly updates. And don’t forget to check our Projects page where you can find descriptions and links to our many projects.
The ODL has an active blog and we would love to count you among our regular readers! To receive blog updates in your inbox, subscribe to our blog by scrolling to the bottom of our website and adding your email address to the subscribers list. While you’re there, we hope you’ll check out our latest blog posts:
Have you logged in to your flex spending portal lately? Here are some good reasons why you should:
- All correspondence regarding your flex account is posted virtually to your portal. If you log in, you can review your account, including any requests for substantiation. Please pay particular attention to notifications warning that your Benny card may be suspended if you fail to substantiate your claims in a timely manner;
- You will be able to monitor the status of claims and anticipated reimbursements;
- You can electronically upload scanned or photographed provider invoices or Explanations of Benefits for claims substantiation;
- You can stay up-to-date on your year-to-date usage and fund availability;
- You can set-up direct deposit to your bank account for reimbursement requests;
- You can access useful information and tips.
If you have questions or need assistance, please contact myCafeteriaPlan Customer Service Department at 1-800-865-6543.
As you are aware, flexible spending account rules require that a participant’s 2017 election may only be used for dates of service in 2017. Unused funds will be subject to forfeiture.* The last quarter of 2017 is quickly approaching, so please take some time to log in to your flexible spending account portal and monitor your progress.
(*Health FSAs allow up to $500 of unused funds to rollover to the next calendar year.)
To log-in, click here: https://myaccount.mycafeteriaplan.com/Login.aspx?ReturnUrl=%2f
First time logging in? Click here for instructions: http://www.middlebury.edu/system/files/new_user_login_information_extended.pdf
– Nancy Lindberg
The MiddAction Fair will be hosted on Tuesday, September 19 from 6-7:30 pm in Wilson Hall of the McCullough Student Center.
Representatives from over 50 community partners and student service organizations will be in attendance. These groups will offer you the opportunity to become involved with local activism, volunteering, social justice, and service-learning activities.
This event will provide opportunities to connect with community partners related to your curriculum or research, become more engaged within Addison County, and network with civic-minded colleagues and students.
Program areas represented will include education, youth mentoring, environment, emergency services, public health, food security, housing support, and poverty alleviation.
In an effort to increase student attendance at the 2017 MiddAction Fair, we are hopeful faculty members will join the CCE in encouraging their students to visit this event as a way to connect their academic interests with opportunities in the local community.
Please contact Miller Thornton, AmeriCorps VISTA for the Center for Community Engagement, with questions at firstname.lastname@example.org or (802)-443-5512.
We look forward to seeing you there!
DO YOU HAVE A TALENT? WOULD YOU LIKE TO SHARE IT? SIGN UP TO TEACH A WINTER TERM WORKSHOP. Winter Term Workshop will run from January 8, 2018 – February 2, 2018. These non-credit workshops are open to the entire College community during Winter Term. DEADLINE for workshop proposals is midnight on Friday, October 6th. Please make sure to use either Internet Explorer or Google Chrome to submit your proposal. Contact Maria Farnsworth in Student Activities at x3156 or email@example.com if you have any questions. Proposal forms can be found at:
Employees may schedule a conference call with a Cigna Representative to discuss their medical and/or dental coverage by visiting the link below and completing a form confirming a date and time. Please be sure to leave the best phone number where a Cigna Representative can reach you.
Looking for a fun way to break up your day? Join us for informal runs on the TAM every Monday! Meet Mondays at noon (beginning Sept. 18) in front of the Athletic Center for a 25-40 minute trail run loop depending on interest. Post-run snacks will be provided! Questions? Email firstname.lastname@example.org or email@example.com