PEBA TV, our YouTube channel, features a variety of videos that provide overviews of retirement benefits and highlight other helpful topics.
PEBA’s retirement awareness series, Be Aware and Prepare, provides you with information that can help you make smart decisions about your financial future. Regardless of how we define retirement awareness,PEBA believes it’s important to plan for a secure financial future and think about life after you quit working. We encourage you to use these resources and take action now to help secure your financial future.
Retirement Starts Now - mid-career seminar
When you are a long way from being eligible to retire, it is difficult to understand the importance of taking action to save and invest so you can have a secure financial future.
On average, PEBA’s retirement plans provide about 50 percent of your active employment income. At best, Social Security may provide up to 40 percent. While this may seem sufficient at first glance, there are a lot of other variables to consider. Retirement Starts Now is targeted toward helping employees in the middle of their careers understand what steps they need to take to prepare for retirement
If you are within a few years of retirement eligibility, PEBA's Get Set for Retirement is designed for you. This one-day seminar provides an overview of the benefits you can expect to receive from your PEBA-administered retirement plan. The seminar also covers other issues you should consider as you approach retirement, like eligibility for retiree insurance and Medicare. Presenters include PEBA staff, as well as representatives from the South Carolina Deferred Compensation Program and the Social Security Administration. You may view the seminar agenda here.
If you are attending a Get Set for Retirement seminar, you may want to print the presentations and bring them with you, or download to your laptop or tablet and bring the laptop or tablet with you to the seminar.
Eligibility for retiree group insurance is not the same as eligibility for retirement. Determining retiree insurance eligibility is complicated and only PEBA can make that determination. It is very important to contact PEBA before making final arrangements for retirement. As an active employee, your employer pays part of the cost of your health and dental insurance. When you retire, several factors determine if you pay all or part of your insurance premiums. These factors include your years of earned service credit, the type of agency from which you retire and the date you were hired into an insurance-eligible position. Learn more about retiree insurance eligibility here.