Retirement
403(b) Retirement
It's never too soon to start saving for retirement. Northwestern can help you build financial resources for a more secure and comfortable future through the Retirement Plan and Voluntary Savings Plan.
You can make changes to your contributions at any time during the year. You do not need to wait for Open Enrollment.
Retiree Benefits
New retirees have 31-days from their date of retirement to elect retiree benefits. For the Medicare Advantage Plan you and eligible dependents must be 65 and older and eligible for Medicare. This plan does not require you to be covered in University health plans at the time of retirement for eligibility. For the Pre-65 Retiree Plan eligible retirees can continue coverage for themselves and eligible dependents who are covered under your benefits plans at the time of your retirement. Coverage is effective the 1st of the month following when you active coverage terminates.