HR Home > Benefits > Retirement > Planning for Retirement
Planning for Retirement
ANNOUNCEMENTS
Special Retirement Incentive for Eligible Employees
The University of Maine System, Office of Human Resources is pleased to provide employee "Planning for Retirement" seminars. These annual half-day seminars are designed to help employees begin thinking about and actually make financial plans for their retirement years. Even if employees intend to continue working for some time, experts agree that advance planning is extremely important to help assure a secure and satisfying retirement. We are therefore extending invitations to employees and their spouse/partner to attend the seminar beIng offered at their campus. Due to space limitations, we are restricted to inviting employees who are at least age 40 or age 45 depending on the campus (please see below).
The seminar will cover several major topics, including:
- financial planning
- Social Security
- the University's retirement programs
- University life and health insurance benefits now and in retirement
Guest speakers will be presenting several of the topics.
Below is the schedule which indicates the date, time, and location for this year's seminars. If possible, please register 7 days prior to your seminar date. Unfortunately, we will be unable to provide refreshments at this year's seminars; therefore, please feel free to bring your own.
The University of Maine System is committed to providing access to people with disabilities. Anyone needing an accommodation to participate in the "Planning for Retirement" program should contact their campus benefits office in advance of that campus' scheduled date.
As a University of Maine System Employee,
you are invited to attend one of the following 2009 seminars:
University of Maine
- Hourly-paid Employees age 45 & over
- Monday, April 6, 8:15 a.m. – 12:30 p.m., Wells Conference Room 2
- Faculty & Salaried Staff age 45 & over
- Tuesday, April 7, 8:15 a.m. – 12:30 p.m., Wells Conference Room 2
University of Maine at Augusta
- All employees age 40 & over
- Monday, April 13, 8:15 a.m. – 12:30 p.m., Jewett Hall Auditorium
University of Maine at Machias
- All employees age 40 & over
- Thursday, April 9, 8:15 a.m. – 12:30 p.m., Clipper Lounge, Sennett Hall
University of Southern Maine (Portland Campus)
USM Seminar is now full to room capacity.
- All employees age 45 & over
- Tuesday, April 14, 8:30 a.m. – 12:30 p.m., Glickman Library – Portland
University of Maine System (16 Central Street, Bangor)
- All employees age 40 & over
- Wednesday, April 22, 8:15 a.m. – 12:30 p.m., Side B, Rudman Room
2009 Seminar Handouts
- Social Security
- Effects of Inflation
- Early Retirement Checklist
- Ten Rules for Good Mental Health in Retirement
- How Do I Stand?
- Monthly Expenses - Now & in Retirement
- What Can You Do About Family Living Costs?
- Housing Options After Retirement
- Legal Tips from the Better Business Bureau
- Glossary of Legal Terms Relative to Wills
- UMS Tax Sheltered Annuities Guidelines
- UMS Employees covered by the Basic TIAA-CREF Retirement Program (Salaried)
- UMS Employees covered by the Basic TIAA-CREF Retirement Program (Hourly)
- UMS Employees covered by the TIAA-CREF Optional Retirement Savings Plan (Hourly)
- Incentive Retriement Plan Policy
- Partial/Phased Retirement Program
- Retirement Plan for Classified (Hourly) Staff - Payout Options at Retirement
- UMS Retirement Plan for Classified (Hourly) Staff - Application for Benefits
- UMS Retirement Plan for Classified (Hourly) Staff - Designation of Beneficiary
- Group Term Life Insurance
- Group Dental Coverage
- Group Health Plan - Current Coverage
- Group Health Coverage
- Medicare Prescription Drug Coverage (Medicare Part D)
- Monthly Group Health Rates for Retirees, Widows/Widowers, and Employees on Long-Term Disability
- Retiree Health Coverage Opt Out and Reenrollment Provision
- Program Evalution Form
Related Information
457(b) Deferred Compensation Plan
Faculty & Professional Retirement Plan Description (PDF)
Hourly-Paid Basic Retirement Plan (PDF)
Retirement Plan for Classified Staff (Formerly Defined Benefit Plan NCRP) (PDF)
Optional Retirement Savings Plan for Classified Employees (PDF)
Salary Reduction Agreement for Faculty & Professional Employees
Salary Reduction Agreement for Hourly-paid Employees
Contact Benefits
The above is a brief summary of benefits offered by the University of Maine System. Detailed brochures/booklets are available online, at the local University Office of Human Resources, or at the System Office of Human Resources.
If you have a question about your benefits coverage, benefit deduction amounts or any other benefit related question, contact your Campus Benefits Office. Be prepared to give your Employee ID number.
Last Updated: October 14, 2009->