Getting Ready to Retire
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N.Y.S. TEACHERS RETIREMENT SYSTEM Corporate Woods Drive Albany, NY 12211 1- 800-348-7298 Voice Info Line: 1-800-782-0289 Nurses, CSEA 1-518-474-7736 |
GETTING READY TO RETIRE & THE FUTURE OF YOUR MTABF BENEFITS:
Once you know that you are going to retire & have worked out the details with the Mahopac Central School District, you need to inform the MTABF of this decision. Before you actually retire, there are a lot of things to do and one of the most important is to consider what type of benefit plan suits your needs.
Each year the MTABF hosts an Informational Retirement Session for all those members who will be retiring before the start of the next school year. In the spring, an invitation is sent to all pending retirees who have informed the MTABF of their decision.
The trustees of the MTABF are on hand to help you fill out forms and answer your questions. The MTABF urges you to attend this meeting; educate yourself and start planning for your future.
INFORMATION ABOUT MTABF RETIREMENT PLANS:
Retired members are able to keep all of the benefits that they have had as an active member. However, since retired members are no longer employed by the district, there is no money, as negotiated by the union that the retired member belonged to as active member to pay for benefits. The cost of the benefits is therefore paid for by the retired members.
Dental
Vision
Life Insurance
Legal Benefits
Financial Choices
MTABF Web Site
Plans Offered By the MTABF
For each bargaining unit covered under the MTABF, there are 5 different plans available to choose from. A better understanding of the 5 plans can be gained by looking at the following:
Once you know that you are going to retire & have worked out the details with the Mahopac Central School District, you need to inform the MTABF of this decision. Before you actually retire, there are a lot of things to do and one of the most important is to consider what type of benefit plan suits your needs.
Each year the MTABF hosts an Informational Retirement Session for all those members who will be retiring before the start of the next school year. In the spring, an invitation is sent to all pending retirees who have informed the MTABF of their decision.
The trustees of the MTABF are on hand to help you fill out forms and answer your questions. The MTABF urges you to attend this meeting; educate yourself and start planning for your future.
INFORMATION ABOUT MTABF RETIREMENT PLANS:
Retired members are able to keep all of the benefits that they have had as an active member. However, since retired members are no longer employed by the district, there is no money, as negotiated by the union that the retired member belonged to as active member to pay for benefits. The cost of the benefits is therefore paid for by the retired members.
Dental
- Retired member pays to be a part of.
- Spouse/Dependent or Family Plans are available for purchase at the same cost an active member would pay.
- See MTABF web site for more information.
Vision
- Choose between Davis Vision or Raymond Opticians
- Retired member pays to be a part of.
- All other vision provisions apply.
- RAYMOND OPTICIANS is now offering the same vision rates for the families of all enrolled retired MTABF members. Raymond will use the same pricing plan that is offered to the MTABF. According to Raymond Opticians, these rates reflect a 40% - 50% discount off regularly priced frames & lenses. In addition, each retiree & any family member using this program will continue to receive a free spare pair of single vision glasses or sunglasses every year. To learn more about this program go into any Raymond Optician Branch & speak to a Raymond employee.
- See MTABF web site for more information.
Life Insurance
- Retired member pays to be a part of.
- Policy decreases w/ age
- See MTABF web site for more information.
Legal Benefits
- Retired member pays to be a part of.
- See MTABF web site for more information.
Financial Choices
- Free financial counseling to all retired members
- See MTABF web site for more information.
MTABF Web Site
- Available 24 hours a day, 365 days a year.
- Updated continuously - see NEWS 4 U Blog to get updates
- Allows retirees to sign up for emailed updates
Plans Offered By the MTABF
For each bargaining unit covered under the MTABF, there are 5 different plans available to choose from. A better understanding of the 5 plans can be gained by looking at the following:
Helpful Links:
- Retiree Change of Status
- Financial Planning for Retirement
- New York State Teachers' Retirement System (N.Y.S.T.R.S.)
- MTABF Calendar of Events
- MTABF ALREADY RETIRED PAGE - head here to see what you can expect from the MTAB once you have retired
- MTABF BLOG - NEWS 4 U - stay up on MTABF happenings
