Retirees

An employee is eligible for full retirement benefits when they have attained the age of 59.5 and have a minimum of ten consecutive years of full-time, benefit-eligible service immediately before retiring. Refer to the section, Benefits for Retirees.

Consideration: Returning to Work After Retirement

If you are a retired from Washington and Lee University, age 65 or older, or the spouse of a retired employee and are considering returning to work at the University in a full, part-time, or casual position after retirement, please read the following carefully:

Under the TIAA HRA and TIAA RHP retiree health plan and PPACA guidelines, your retiree health account (and your spouse’s account, if eligible) must be suspended for a minimum of one month, or the duration of your employment should you be placed on the University’s payroll. For the purposes of the University funded retiree health plans, returning to work in any capacity, revokes your retiree status for the period of time you are working. You will NOT lose the funds in your retiree health account. Claims access is suspended, however, once you are no longer employed by the University, your retiree status is returned to your retiree health account and it will be reactivated. This suspension action does/will not apply if you are working other employers outside of Washington and Lee University.