Retirement Planning Guide

Begin preparing for health insurance and retirement benefit payments at least three months in advance of retirement to facilitate a seamless transition.

Retiree Health Insurance

It is important to review your health insurance options for retirement and take the appropriate action in a timely manner. Access helpful information like enrollment requirements and timeframes, required forms, rates, and more on the page.

PEBP offers a comprehensive benefit package to eligible retirees and their surviving spouses/domestic partners including:

  • Medical (choice of plan)
  • Dental
  • Vision
  • Term Life Insurance Policy - $12,500
  • The retiree health insurance plan for retirees under age 65 is the same coverage that is available as an active employee and will continue to be your primary insurance until you qualify for Medicare (generally age 65).

Eligibility

To continue to receive the Public Employees’ Benefit Program (PEBP) health insurance plan in retirement, you must meet the following criteria ():

  • Have participated in either the Retirement Plan Alternative 401(a) program, or the Public Employees' Retirement System of Nevada (PERS) for at least five (5) years as a full-time employee or the equivalent of a full-time employee.
  • Be receiving any distribution of benefits from one of the following retirement plans:
    • Public Employees' Retirement System of Nevada (PERS)
    • Nevada System of Higher Education Retirement Plan Alternative Program
    • Nevada System of Higher Education Tax Sheltered Annuity Program
    • State of Nevada Deferred Compensation Program

If you are not eligible for continuation of the health insurance plan in retirement, you may be eligible to continue the coverage as provided under the federal COBRA law for up to 18 months, or until you become eligible for Medicare, whichever comes first. You are responsible for the full premium payment. Contact to enroll or for more information.

Retirement Benefit Payout

There are age or age plus service requirements to receive your benefit and you must initiate your payout. Meeting with a retirement counselor can help you with your decisions.

Depending upon your employee type, you may have participated in more than one retirement plan.

Employee Type Mandatory Plan Recordkeeper Voluntary Plan(s) Recordkeeper
Academic and Administrative Faculty
Classified Staff


Post- Doctoral Scholars
Medical Residents
Dental Residents


Part-Time Instructors
Part-Time Letter of Appointment
Temporary Hourly


To schedule an appointment with a retirement counselor:

NVPERS TIAA VOYA
702-486-3900 800-842-2252 or schedule a 800-584-6001

Resources

Health Insurance Resources

Retirement Benefit Resources

Contact Us

If you have questions about your benefits, contact your benefits specialist or .

The information included on this website is informational only. In the event that the content on this site or any oral or written representations made by any person regarding benefits conflicts with or are inconsistent with the provisions of the plan documents or other governing authority, the provisions of the plan document or governing authority will always prevail.