This information is designed to provide an overview of the benefits available to retirees of the University of Nebraska. Every effort has been made to provide an accurate summary of the university's benefits program. However, if there is a conflict between this material and the documents and contracts, the documents and contracts will govern. While the university hopes to offer these programs indefinitely, it has the right to amend or terminate any benefit plan.
Eligibility for University of Nebraska retirement benefits includes the following:
- Employees age 55 and over with 10 years of service.
- Employees age 65 or older with no service requirement.
- An employee, regardless of age, is eligible for a Disability Retirement should a physical or mental disability prevent satisfactory work performance. Approval of a Disability Retirement is predicated on 1) the disabled employee's obtainment of a Social Security Disability Award, or 2) long term disability benefits approval by the group long term disability insurance company. A Disability Retirement for an academic/administrative staff and faculty member must be approved by the Board of Regents.
Social Security Benefits
Social Security retirement benefits may be commenced as early as age 62 although monthly benefit payments will be reduced. Social Security benefits may also be delayed until age 70 which will increase the monthly benefit payment amount.
Illustrations depicting estimated Social Security income at age 65 are available upon request to the Social Security Administration.
To apply for Social Security benefits, individuals should contact the local Social Security Administration office at (800) 772-1213 at least three months prior to the retirement date.
Medicare Insurance consists of two parts: Hospital Insurance (Part A) and Medical Insurance (Part B). Medicare is effective the first day of the month the retiree or their spouse attains age 65. If the retiree is already receiving Social Security benefits, enrollment in Medicare Parts A and B is automatic and beneficiaries will be notified and receive their Medicare Identification card approximately three months prior to their 65th birthday. In most cases, there is no premium for Medicare Part A. Enrollment in Medicare Part B, however, requires a monthly premium that is automatically deducted from the Social Security benefit check.
Employees who continue to work after age 65 while participating in the university's group medical insurance plan (as an active employee) should delay enrollment in Medicare Part B during active employment. As an active employee, group medical insurance coverage will be the primary insurer of medical benefits, thus Medicare Part B is not required. Once Medicare Part B has been delayed due to participation in the university's group medical insurance plan (as an active employee), Medicare Part B enrollment should be requested 3 months prior to retirement.
Benefits Available at Retirement
Please click here for the Retirement Benefits Summary.
- Season football tickets can be continued at faculty/staff rates if the retiree is a current 10 year season ticket holder.
- Retirees and their eligible dependents may participate in the Tuition Scholarship Program.
- Campus Recreation membership can be retained at faculty/staff rates at the time of retirement.
- Library privileges can be continued.
- Emeriti parking available through Parking Services.