Get ready to jump through some hoops…

Backstory: I was a school librarian for 22 years before deciding to join my husband in early retirement back in May 2022. When I left, I was pension eligible, including health insurance benefits, but too young to begin collecting any pension payments. We had to wait two years. I was advised it would be a journey and would require a lot of follow-up and persistence on my part because I would be retiring outside the normal process.

They weren’t kidding!!!

In February, I applied for retirement benefits. Got all the paperwork submitted by mid-March, including unused sick leave verification. Whenever I periodically called to follow-up on my application status, I was told my file was complete. Be patient as they were working through the volume of end of school year retirement applications. If I didn’t receive my official retirement letter by the end of May, then I should contact them.

May 31st came with no official retirement letter, so I contacted them only to be told my application was incomplete and still pending. Why? My previous employer hadn’t submitted the official Retirement Certification Form (TR-8). No completed form, no approval for retirement benefits. Non-negotiable.

After some back and forth today with 3 different folks at my former school district, the required form has been filled out by a school district employee with the promise she’ll forward it to her contact at TRS. There’s a note on my calendar to follow-up on Friday if I don’t get a notice in the TRS portal that they’ve received the form.

I definitely want to be officially retired as of 8/1 in their system. Of course, I want the monthly pension benefit I earned, but of equal importance is to see our health insurance premiums drop by 75%! It’s been an expensive two years when it comes to health insurance. That’s all I’m saying. Would I do it all over again? Absolutely given our situation.

Retirement conversations

Today, hubs and I had lunch with some long-time friends. They wanted to pick our brains about excursions offered by the Rocky Mountaineer. We’ve taken trips aboard the Rocky Mountaineer in both the USA and Canada. If they are only going to take one trip, our recommendation is to do the Canadian Rockies excursion from Banff/Lake Louise to Vancouver. They were planning to go in 2025. Now, my friend texted to say they’re going this year instead! Enjoy!

Photo by Ali Kazal on Pexels.com

Another conversation ensued regarding what we both do all day since we’re now retired. In our friends’ situation, the husband is retired and the wife is still working. Apparently, he’s bored and trying to figure out what to do. Al shared about volunteering with Team Rubicon. Our friend’s face lit up. His wife was happy to see him get excited about something. A mutual friend who retired at 54 advised my husband to always have at least one thing scheduled on the calendar each week, so he’d have something to look forward to. The rest of the week would fill in. Very wise advice.

I work part-time on Mondays and sew with friends on Fridays. Each week, there’s usually something Sadie related (therapy dog visit, groom, play date, hike with friends), quilt guild related and my sewing biz related. I try to keep at least one weekday completely clear for whatever I want to do. Sundays are usually reserved for family. The funny thing is no two weeks are ever the same.

Over the past month, I’ve spent a fair amount of time following up on my retirement application and health insurance matters. We’ve made the final hurdle into the “retiree” category on our health insurance. (Yay!) What no one tells you is that each transition (active employee – COBRA – retiree) requires a “new account” with the health insurance provider and there is a 7-10 day delay while everyone’s system updates. From what I understand, it’s due to COBRA rules and there’s absolutely nothing I can do to speed up the process. Hopefully, Anthem will show us with active coverage again by Friday. What if something happens before then? It’s a hassle, but we’ll have to pay out-of-pocket and get reimbursed or ask the provider to delay billing for a few days.

There’s a teacher retirement/health insurance FB group I follow. More than a few folks mentioned having to resort to getting an attorney involved to resolve issues with situations outside the norm (like mine). Hmmm. I looked into renewing my lapsed PAGE membership as their legal team are experts on dealing with SHBP and TRS issues. Turns out, my part-time employer is a participating “school system” in PAGE. You bet I renewed ASAP! To me, the $175.00 is money well spent as I navigate the next six months or so.

Then, I asked myself, “How did I ever handle all the crazy stuff like this when I worked full-time?”

Happy emails

On Friday, the email began “Dear Pending Retiree” and it made my day. Today, I received the official email notification to enroll in “pending retiree” health insurance benefits once our current benefits under COBRA expire at the end of February. You bet I completed enrollment shortly after receiving the email! I now have confirmation in writing that our existing health insurance will continue with no break in coverage. This is exactly what we needed to happen. Now, I’m just waiting on my letter with the new login details so I can set up the new account to pay premiums electronically.

Once my active employee – COBRA – state extended coverage – retiree journey is complete, I’ll write a detailed post to share with my fellow teacher friends on how to navigate the process. Once friends learned I was able to take my insurance with me to fill in the gap until retirement, two other teacher friends did the same thing. This option is available to any GA teacher/state employee who meets certain criteria and you can keep the insurance in place as long as you are willing to pay for it. Yes it’s expensive, but it was the only option for our particular situation unless I wanted to continue working full-time (nope). I was able to leave two years early and meet the requirement to keep my health insurance coverage active from last date of employment to my official retirement date. At that point, premiums will drop back to reasonable retiree rates. This has been the goal all along. I’m so thankful this option was available so I could join hubby in early retirement. We’ve had a blast!

Photo by Dids . on Pexels.com