 | Welcome to Pension Administration! The Pension Staff are available Monday through Friday from 8 a.m. to 5 p.m., and by appointment. If you have questions or need information, please feel free to stop by our office in Phipps 460 or our office at 410-614-3494. |
Retirement Timeline Checklist
EMPLOYEES PLANNING TO RETIRE within the next 12 months should now be taking specific steps toward that goal. The checklist below provides a general timetable for retirement preparation for employees of the Johns Hopkins Health System. This schedule shows the best time to begin filing some of the required forms and making the necessary contacts with the pension office.
One to Three Years Prior to Retirement
- Attend one of the Pre-retirement seminars.
Twelve Months Prior to Retirement
Visit the Lincoln Financial Group website at www.lfg.com to review your pension data and use the pension payment calculator to estimate your pension benefit. Instructions for using this site can be found on this page. If you do not have access to a computer, feel free to request an estimate by calling the Pension Office at 410-614-3494.
- Contact the nearest Social Security Office for an estimate of your Social Security benefits. You can obtain an estimate request form by calling the Social Security Administration at 1-800-772-1213.
Six Months Prior to Retirement
- Discuss your estimated benefits/options with a financial advisor.
- Contact your benefits office to inquire if you may continue employer-provided benefits, such as life insurance/COBRA/Pre-Paid Legal, after retiring.
- Prepare a retirement budget, estimating your retirement expense against your pension, Social Security and any other income.
Three Months Prior to Retirement
- Contact Social Security to file for benefits (if age 62 or older).
Two Months Prior to Retirement
- Contact the pension office to request your retirement forms.
One Month Prior to Retirement
- Submit a formal letter of retirement to your supervisor and pension office
Web Access to Pension Benefits
The Johns Hopkins Health System enhanced its benefits communication program by providing you with a new opportunity to see your pension benefits at the same location that you view your 403(b) plan account information. Furthermore, you can project your benefit into the future and look at various retirement dates.
To access your pension benefits data, please follow the instructions below:
We encourage you to look at your personal information. We have been gathering as much data as possible; however, we may be missing a prior period of employment, a prior transfer, or other information. Prior to any distributions from the plan, we will review your personnel file and adjust any incorrect or incomplete data. However, if you are aware of any incorrect information, please complete the Update Information Request Form and fax it to The Johns Hopkins Health System Pension Office at (443) 287-4224. We will then review your information and send you a letter explaining any updates to your information as appropriate. Please allow 30 days for the research process.
- Go to the Lincoln website at www.lfg.com.
- Type in your Social Security Number and Pin. If you do not have a pin, you may contact Lincoln directly at 800-234-3500.
- Once you have logged in, direct your eyes to the middle of the screen. You will see 3 different types of plans listed. The first option is for the 403(b) plan, the second is for the 403(b) match account, and the third is for the retirement plan. Please click on the retirement plan option to access your pension benefits data.
- The first screen that appears lists your basic data (mailing address, date-of-hire, etc.). Please make sure the data is correct.
- If you click on the button that reads "Next" in the lower right corner of the page, the next screen that you encounter will give details about your current accrued benefit and your vesting status.
- To perform a projection of retirement benefits, please locate the menu on the left side of the screen. Click on "Benefits Estimates." You may complete up to 3 projections at one time using the drop-down menus provided.
Searching for a Medigap Plan?
The Johns Hopkins Health System has made available a Medigap Plan that is underwritten by The Hartford Life & Accident Insurance Company, an A+ insurance carrier. The plan is administered by National Employee Benefit Companies (NEBCO). NEBCO assists thousands of retirees with their health benefits. The company is known for its excellent customer service standards.
The coverage is available to you and your eligible spouse at your own expense. Te be eligible for this Plan, you must be age 65 or older, no longer working, and enrolled in Medicare Parts A and B.
Three plans are offered and one of the plans includes prescription drug benefits administered by IdealScripts, with no annual maximum, and a convenient mail-order service (Plan III only). The prescription drug plan is honored at approximately 53,000 participating pharmacies nationwide.
The plans work seamlessly with Medicare. Claims will be processed electronically so you do not have to file claim forms. Another advantage is that you will have a toll-free Customer Care number to call for any information you need about your benefits since NEBCO will be administering and servicing all aspects of your health plan. Johns Hopkins Health System’s Human Resources will not have the information to assist you with questions about the new plan, so please direct all calls to NEBCO. We are confident that you will be pleased with the benefits and with the service you will receive.
Plan Highlights
- Prescription drug program – Plan III after deductible, $10 co-pay for generic retail; $15 co-pay for 90-day generic mail-order; 50% benefit for retail and mail-order brand-name. (Plan I, Generic-only, discount on brand)
- Affordable premiums
- Covers Medicare Part A deductible (Plan III) ((approx. $912) and some coinsurance that Medicare does not
- Freedom to choose your own doctors and hospitals (No PPO Network)
- No paperwork
- Dedicated retiree Customer Care Specialists to assist you
If you’re interested in getting more information about this benefit, feel free to contact NEBCO’s Customer Care Center at 1-888-883-3757, Monday – Friday from 8:00 am to 6 pm (Eastern). Please let the Customer Care Specialist that you retired from the Johns Hopkins Health System.
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