Human Resources > Benefits > Retiree Benefits

Retiree Benefits

​​​​​​​​​​​​​DePaul supports its retirees through a variety of benefits including the Retiree Medical Program. Find the latest news and updates on retiree benefits on this page. You can also find information about how to prepare for and transition into retirement from DePaul.

Upcoming Change for DePaul's 403(b) Retirement Plan

A change to DePaul’s 403(b) Retirement Plan was announced on March 5, 2021. All retirees were sent a notice by mail in mid-March regarding this change.​

Effective July 21, 2021, Fidelity Investments® will become the single service provider for receiving contributions and providing plan services for the DePaul University 403(b) Retirement Plan. This change will take effect for active employees, and for retired and non-active participants who still retain a balance in the Plan. 

To prepare for this transition, a “blackout period” for certain account activities began on July 16 at 3 p.m. Click here for details about key dates associated with this transition.​ 

Detailed information and resources about the change can be found at www.myfidelitysite.com/depaul, and you can review a recorded information session for retired and non-active employees with balances in the plan. 

For current TIAA participants, the TIAA Participants Transition Guide provides detailed information about which holdings at TIAA will transfer to Fidelity and which will remain with TIAA.

Participants may also schedule a complimentary one-on-one meeting with representatives from Fidelity and TIAA to discuss how the change may or may not impact your retirement savings strategy.


2021 Information for Retiree Medical Program Members

Open enrollment for 2021 benefits elections took place Oct. 26 - Nov. 6, 2020, and is now closed. Changes made during open enrollment took effect on Jan. 1, 2021. Click here for 2021 Retiree Medical Program materials. Please see other important information about premium billing below.
 

News for Retiree Medical Program Members

Premium Payments for Retiree PPO & HMO Plans:
On June 1, 2021, HealthEquity/​WageWorks​ became the direct bill administrator for Retiree PPO and Retiree HMO plans. This change only impacts where you send your payments and is not changing current health plan offerings and or coverage eligibility. All current members were mailed details regarding this change; click here for the letter. Additional information will be sent by WageWorks (which is a part of HealthEquity) in May 2021. Note: For any payments received by the Benefits Department at DePaul University for months after June 2021, we will coordinate submission with HealthEquity/WageWorks, so that your HealthEquity/WageWorks records reflect that payment.
 
Premium Payments for Medicare Advantage Plan:
For retirees in the Medicare Advantage Plan, you should continue to make monthly premium payments directly to BlueCross BlueShield (BCBS) as you have been – there is no change to their process for the time being. Medicare Advantage Plan bills for 2021 will be sent out each month on the 15th.



Retiree Medical Program

stethescope and documents

Learn more about medical benefits as a retiree, including latest updates and information. 

Preparing for Retirement

Figure out when you will qualify for retirement and find answers to common questions. 

Transition into Retirement

chair on a beach

Find out which benefit options continue as a retiree and how to stay connected to DePaul.


Stay Connected through the DePaul Emeritus Society 

DePaul University values the important and continuing contributions of its retired faculty and staff. The DePaul Emeritus Society (DES) strengthens ties between the university and its retirees, and fosters their continued participation in the DePaul University community. Find more information at the DePaul Emeritus Society website. In May 2021, DES members received a benefits update presentation; click here to review this presentation​.


For questions about retiree health benefits, to update your contact information, or to inquire about any other Human Resources issues, please contact Human Resources at (312) 362-8500 or hrbenefits@depaul.edu.