The University offers certain benefits to retirees, including tuition assistance, life insurance and health insurance. The University provides a subsidy toward retiree medical insurance premiums based on the retiree’s years of service.
All terminating employees, regardless of their age and years of service, are eligible for a distribution of their vested benefits from the Defined Contribution Retirement Plan, the Voluntary Contribution Retirement Plan, and the Georgetown University Retirement Plan (“GURP”), as applicable.
Rule of 75 for Retiree Benefits Eligibility
In order to be eligible for retiree insurance and benefits, an employee must:
- be a full-time, benefits-eligible faculty or staff*;
- attained the age of 55;
- completed at least 10 years of continuous benefits-eligible service;
- and their age plus years of service must equal at least 75.
Exception to Rule of 75: For those employees who, as of December 31, 2018, were 50 years old and had at least 10 years of service, eligibility will continue to be governed by previous eligibility rules of 55/10 (age 55 plus 10 years of continuous benefits-eligible service).
* To be eligible for retiree medical and life insurance you must be consistently working at least 75% time or 30 hours per week at the time that you retire from Georgetown. To qualify for tuition assistance benefits in retirement, you must have met the service requirement while working at least 90% time or 36 hours per week.
