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SIGN UP: Retirement Workshops and Consultations begin Sept. 8

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The Inter Faculty Organization (IFO) is offering virtual one-hour workshops and 30-minute individual consultations from September 8-October 1 to help you navigate your retirement options. The sessions and workshops will be led by Dick Kaspari, IFO Legal and Benefits Representative.


Individual Consultations:

·       30-minute 1-on-1 consultations available 9-11 a.m. and 1-4 p.m., Monday through Thursday.

How to Register & Access Materials:

Visit ifo.org/ifo-retirement-consultations to register for a consultation and download materials.

 

Workshop Schedule:

·       Faculty Nearing Retirement: 12 p.m. on Mondays, Tuesdays, and alternating Wednesdays/Thursdays.

·       New & Newly Tenured Faculty: 1 workshop held weekly at 12 p.m. on alternating Wednesdays/Thursdays (9/9, 9/17, 9/23, 10/1).

How to Register & Access Materials:

Visit ifo.org/ifo-retirement-consultations to register for a workshop and download materials.

 

Workshop Topics:

1. Workshop for Faculty Considering Retirement

This session covers contractual and statutory provisions to help you maximize your retirement, including:

  • Key Benefits & Programs: Final year two-step increase, Early Separation Incentive, severance pay, Phased Retirement, and the Annuitant Employment Program.

  • Healthcare & Savings: Retiree healthcare, the post-retirement tax-free Healthcare Savings Plan, and tax-sheltering options.

  • Pensions & Public Benefits: TRA annuity and annuity acceleration options, maximizing contractual benefits, Social Security, and Medicare.

  • Practical Resources Provided: Important notification dates, sample letters for declaring retirement and applying for benefits, a retirement planning checklist, and contact lists for key resources.

2. Workshop for New & Newly Tenured Faculty

This session helps newer faculty navigate Minnesota State’s retirement options early in their careers, including:

  • Primary Pension Choice: Guidance on choosing between IRAP and TRA.

  • Additional Plan Options: The Supplemental Retirement Plan and voluntary retirement savings options.

  • Healthcare Savings: Overview of the post-separation Healthcare Savings Plan.

These retirement workshops and consultations are offered free as a benefit for all faculty members.