Employees
Workers CompRetireesPlan to Retire?

  • Planning to Retire?

     

    Are you considering retirment? You’ve worked hard for years, and we appreciate your service, but now you may be ready to move into retirement—whatever that means for you. Maybe you have travel plans, are going to explore a new venture, or spend time with family.  You can find a helpful checklist here that highlights important steps to take and topics to consider as you move through the retirement process.

     

    Once you have determined your official retirement date with the NYS Retirement System, you must notify Human Resources. Once your years of service (YOS) have been verified by the Wages and Salary office, a copy of your letter will be sent to the Benefits Office. A customized Retirement Packet will be mailed to you which will guide you through the necessary steps to establish retiree benefits.

     

    Please refer to the charts below for help in making these important decisions. Every union has different requirements to qualify for lifetime retiree health insurance.

     

     

    What if I am eligible for health insurance coverage under my spouse?  Can I sign up for a waiver?

    The Buffalo City School District is offering qualified retirees the opportunity to waive their enrollment in the District’s health insurance program, in exchange for a monetary incentive.  Enrollment in the Waiver Incentive is voluntary and revocable by the retiree.  The District guarantees the retiree the right to re-enroll in his/her plan of benefits at their request. For more information, visit Health Waiver Incentive - Retirees.  This waiver is not available to spouses who are both Buffalo City School District retired employees.

     

    If I pre-decease my spouse or dependents, what will happen to their health insurance coverage?

    If you, the retiree, pre-decease your spouse or dependents, their health insurance coverage will be terminated the last day of the month in which you decease.  A communication explaining COBRA coverage will be sent to your last know address.

     

    Will my life insurance benefit continue into retirement?

    No. Your district life insurance ceases the day of separation from the district.  Your retiree packet will include a form providing you with an option to contact Guardian Life to continue coverage on your own.

     

    Will my dental/vision benefits continue into retirement?

    No. Coverage will cease the day of separation from the district. 

    Local #264 employees will receive an application in their retirement packet enabling them to extend these coverages, up to 18 months, at their own cost.

    All other employees are to contact their union representative to discuss COBRA options. 

     

    Do I need to enroll in Medicare Part B when I become eligible?

    Yes. When you, your spouse, or your dependents become Medicare eligible (whether at age 65 or earlier due to a disability) you must enroll in Medicare Parts A & B. In addition to the quarterly contributions, keep in mind that you will also be required to pay for Medicare Part B. 

     

    What if Social Security informs me that Part B is not necessary?

    It is a requirement of your union contract. Failure to do so will result in a termination of coverage.

     

    What happens if I drop my Medicare Part B?

    If you, your spouse, or your dependents drop Part B you will no longer be eligible for retiree health insurance coverage. Your coverage will be terminated until such time that you are able to re-enroll.

     

     

    BCSA
    Yrs. Required Quarterly Contributions*

     

    17 Years - All with BBOE

    Effective 07/01/2019

     


    Retiree contributions are the same percentage of the premium as when active.

    Effective 9/20/17, when a member becomes Medicare eligible, the individual must enroll in the Forever Blue Advantage Plan. If the retiree or a family member is not yet eligible they remain in the existing. Contributions continue.

     

    BTF
    Yrs. Required Quarterly Contributions
     15 Years - All with BBOE (effective 7/1/18)

    Single:  $162.50

    Family:  $375.00

     

    Local 264 (Service Center and Cook Managers)
    Yrs. Required Quarterly Contributions*
    Hired Prior to 1/1/03: 15 Years (City & BMHA counts)


    Hired After1/1/03: 15 Years -  All with BBOE

    Cook Managers Hired after July 1, 2020 are not eligible for

    health insurance in retirment

     

    Single:  $100.00

    Family: $175.00

    *When a member becomes Medicare eligible, the individual must enroll in the Forever Blue Advantage Plan.   

    Cook Manager retirees who retire on or before July 1, 2021 and Service Center retirees are not required to contribute toward the Forever Blue Advantage Plan. 

    Cook Manager retirees that retire after July 1, 2021 (who are eligible for retiree health care) will be required to contribute $200 per year per participant toward the Forever Blue Advantage Plan. 

    If the retiree or a family member is not yet eligible they remain in the existing plan and the retiree will be responsible for the applicable contribution.

     

    Local 409
    Yrs. Required Quarterly Contributions
    17 Years 

    Hired Prior to 6/30/03 - 10 of 17 years with BBOE


    Hired After 6/30/03 - All 17 years with BBOE

    Single:  $125.00


    Family: $250.00

     

     

    PCTEA
    Yrs. Required Quarterly Contributions*

     

    Hired Prior to 7/1/98: 10 Years (City counts)


    Hired After 7/1/98: 15 Years (City counts)

     

    Newly hired employees hired into a position covered by the PCTEA contract for the first time after July 1, 2020 are not eligible for health insurance in retirement.

    Less than Grade 15
    Single:  $100.00
    Family: $175.00

    Grade 15 or Higher
    Single:  $150.00
    Family: $250.00

     

    Employees hired after July 1, 2020 shall have the option, at their discretion, of purchasing District Health Insurance Plan

    by utilizing the amount obtained by cashing out all of his/her sick days at the ratio of 1 for 2 (1:2) to pay for District

    health insurance at 100% of the cost to the employee.

    *When a member becomes Medicare eligible, the individual must enroll in the Forever Blue Plan. 

    PCTEA members who retire on or before July 1, 2021 are not required to contribute toward the Forever Blue Advantage Plan. 

    PCTEA Member retirees that retire after July 1, 2021 (who are eligible for retiree health care) will be required to contribute $200 per year per participant toward the Forever Blue Advantage Plan. 

    If the retiree or a family member is not yet eligible they remain in the existing plan and the retiree will be responsible for the applicable contribution.