Preparing to Retire
Deciding to retire is a milestone requiring careful thought and planning. Those considering retirement from Ohio University should meet with their provider (OPERS, STRS or ARP) well in advance of their prospective retirement date. It is recommended that you apply at least two months prior to your retirement effective date. Note: most members receive three or more partial (STRS) or interim (OPERS) payments. Once exact information is available, any difference will be sent and the regular benefit will be paid.
Review the Financial Wellness page and consider meeting with a Captrust Financial Advisor.
In order to retire from the university faculty and staff must complete the Retirement Separation form and the Sick Leave Conversion Statement*. Human Resources will acknowledge receipt of the forms and alert supervisors and departments of your retirement date.
Review the below information regarding retirement eligibility, retiring from OPERS or STRS, and other retirement related topics.
*Per State of Ohio Law retiring employees must have ten years of creditable state service to be eligible for a sick leave payout.
Healthcare
If eligible, health care may be provided through your state retirement system. Health care is not available to Alternative Retirement Plan participants.
Supplemental Retirement Accounts
If you contributed to a 403(b) and/or a 457 retirement account while employed with Ohio University contact your supplemental plan provider for details on accessing your account.
Life Insurance
Coverage through the University discontinues at retirement. Information will be sent from your life insurance company with information about converting your life insurance into an individual policy. Premiums are determined by your life insurance company and coverage is based on their approval. OPERS and STRS may also provide a death benefit which is based on a retiree's years of service credit.
Educational Benefits
Retired employees and their qualified dependents remain eligible for the University’s Educational Benefits. This currently includes benefits for Hocking College for the retiree. This benefit is subject to change by policy.
Email Account
As a retiree of Ohio University you may keep your university email account.
Parking
Retirees may convert their permit to a "retiree" hangtag. There is a cost associated with this permit.
Library Privileges
If interested in using Library Materials, inform the customer service desk at the library that you are a retired employee, this may be something that you have to update annually.
WellWorks
Retirees of Ohio University are eligible to remain or become members of WellWorks.