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Retiring from Saint Louis University

Saint Louis University defines retirement as obtaining age 60 with seven or more years of continuous, full-time service to the University.

Faculty and staff may choose to continue SLU medical benefits at retirement, as long as you pay the total premium for this coverage.  You are also eligible for tuition remission benefits for yourself and your dependent children, as well as a complimentary one-year membership to the Simon Recreation Center.

Action Items

When preparing for your retirement, please complete these items:

  1. Notify your supervisor. Monthly paid employees should give four weeks notice and bi-weekly paid employees should give two weeks notice.
  2. Decide whether you want to continue your medical, dental or Flexible Spending Account, if applicable, on a self-pay basis through COBRA. You will receive a COBRA packet from the COBRA Administrator, Sax Benefits Group. You must complete the enrollment form and return it to Sax Benefits Group by the deadline specified in your packet. If you do not submit a completed enrollment form by the specified date, you will lose your right to elect continued coverage.
    • If you want to continue benefits, you must complete the Continuation of Benefits Form-COBRA and return the form to Sax Benefits Group within 60 days of your last day of employment with Saint Louis University. You will receive this form from Sax Benefits Group.
  3. If you will be moving, please update your address in Workday.
  4. Return your Saint Louis University key(s), pagers, ID card, and any other Saint Louis University property to your departmental administrator on your last day of work.


Medical Coverage
  • If you are under 65, you can continue your SLU medical coverage and it will be primary to Medicare.  If you are 65 or over, your SLU medical coverage will be secondary to Medicare.
  • If you are 65 or over, it is important that you explore your Medicare options within 60-90 days prior to your retirement from Saint Louis University.  The Benefits Office has partnered with Select Quote Senior to provide advice and guidance on selecting Medicare supplemental health coverage. They may be reached at 866-569-9110.
  • Visit to research Medicare options and to apply for coverage.
  • If you choose not to continue your SLU medical coverage at retirement, your coverage will end on the last day of the month in which you retire from Saint Louis University.
  • A letter of credible coverage will be mailed to medical plan participants after your coverage ends.
Dental and Vision Coverage
  • Your dental and vision coverage ends on the last day of the month in which you retire from Saint Louis University.
  • Retirees may choose to continue dental and vision coverage on a self-pay basis through COBRA for up to 18 months.
      • You have 60 days to elect COBRA coverage from the date of your retirement.
      • Initial payment is required within 45 days of election date in order for benefits to be provided under COBRA.
Flexible Spending Account
  • Your contributions to your FSAs stop with your last paycheck. You may elect to continue your contributions to your FSA under COBRA.
  • You can submit claims for expenses that you incurred on or prior to your last day of employment.
  • Claims are due by December 31 of that calendar year. Contact ConnectYourCare if you have questions regarding claims submission, account balances or pending claims at 877-292-4040.
  • If you have a ConnectYourCare MasterCard for the Health Care Flexible Spending Account, you must destroy the card and not use it past your termination date. You can file claims for eligible expenses incurred while you were in an eligible employment status by the filing deadline. If you use the MasterCard past your end of employment date, you are responsible to repay those charges. See the Flexible Spending Plan Summary for more information.  If you elect COBRA for your Flexible Spending Plan, you will have to submit paper claims to ConnectYourCare.
Health Savings Account

Payroll contributions into the Optum HSA, associated with the United Healthcare High Deductible Health Plan, end when your health plan coverage ends, on the last day of the month in which you retire from Saint Louis University. You may use existing account balances to pay for retiree medical expenses. Contact Optum Bank at 866-234-8913 for questions.

Retirement Benefits

You may request a distribution or rollover of any or all of your Saint Louis University retirement funds at any time after you leave Saint Louis University or you may choose to leave your retirement funds with your investment company(ies). You may contact your investment company to make an appointment to discuss the details of your account. These representatives will be able to view your account information and discuss your future distribution options with you.

To request a distribution or rollover:

  1. Contact your investment company(ies) to request the appropriate form(s).
  2. Complete the form(s) and submit to Saint Louis University Benefits Office for plan administrator approval, if necessary. Be sure your form includes your spouse's notarized signature, if you are married. Mail the form to: Benefits Administration, Wool Center, 3545 Lindell Blvd-First Floor, St Louis, MO 63103.
  3. The plan administrator will approve the request and forward it to the investment company(ies). The plan administrator will contact you if the form is incomplete.

Depending on your age at retirement, you may want to visit the Social Security website to find information on your Social Security retirement benefits.

Life Insurance

Your life insurance policy with Cigna ends on your last day of the month in which you are employed with Saint Louis University.

If applicable, you might consider converting your Group Term Life within 45 days of your last day of employment. Contact Cigna by calling 1-888-842-4462 for more information for a conversion quote. Please have your base annual salary as well as the amounts of any supplemental life insurance for an accurate quote. This information may be obtained by viewing your benefit elections in Workday.

Conversion information for life insurance.

Other Voluntary Benefits

MetLaw, LifeLock and accident insurance all terminate on the last day of employment.