Retirement at MD Anderson
- Actions to Take 90 Days Before Retirement
- Insurance from MD Anderson
- Social Security
- Voluntary Retirement Plans
- Retiree Association
- Retirement Party
Deciding to retire is a great accomplishment!
To make a smooth transition and to ensure all benefits and notifications are ready for your retirement, please follow the advice below (as applicable.)
- Notify your department in writing of your intent to retire.
- Contact myHR (5-6947) to discuss your enrollment in benefits as a retiree. Your benefits do not continue as an employee and require re-enrollment within 31 days of retirement.
- If you are a Teachers Retirement System (TRS) member, call TRS to discuss your retirement options (800) 223-8778 OR
- If you are a enrolled in the Optional Retirement Program, call your retirement provider.
If you decide to retire from the institution with less than 90 days notice, complete these steps as soon as possible. Important deadlines apply to each.
Learn more about insurance benefits for retirees.
If you are 65 or older at time of your retirement, you have a 7-month period to contact the Social Security Administration (SSA) to enroll for Medicare. The enrollment period begins three months prior to your retirement and ends four months after your retirement. You will not be required to pay a penalty to SSA for late enrollment in Medicare Part B if you enroll during this 7-month time period.
If you turn 65 after you have retired, you also have a 7-month period to enroll for Medicare. This enrollment period begins three months before your 65th birthday and ends four months after your birthday.
Enroll during the stated enrollment window.
Failure to enroll during the seven month period requires you to wait until the next “general enrollment period,” held annually from January 1 through March 31 for coverage starting the following July 1.
Enroll in Medicare Part B.
If you do not enroll in this plan, you must pay the portion that Medicare would have paid for Part B covered items under any UT medical plans available to you. If you are under age 65 and are eligible for Medicare benefits because of a disability, the same conditions apply as if you were age 65. Without Medicare, you could incur large out-of-pocket medical costs.
Contact the Social Security Administration (SSA) about your Social Security pension benefits which can begin as early as age 62. If you plan to retire between the ages of 62 and 65, notify the SSA as soon as your retirement date is set. If you are going to retire after age 65, call the SSA at least six months before your 65th birthday to register for Social Security and Medicare benefits.
Contact your 403(b) and 457(b) provider if applicable, to arrange for your retirement withdrawal(s).
Consider joining the Retiree Association! Membership enables you to keep up with former co-workers and the news and events happening here at MD Anderson. The association has quarterly luncheon meetings and schedules group bus trips.
When you and your department are planning your retirement, institutional funds may be available to assist with a reception to honor your retirement. Your department should contact myHR at 713-745-6947 for details.