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If I leave my job at Massport and leave my money in the retirement system, can I retire at a later date?

April 26, 2017Job later leave massport money retire retirement system

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If I leave my job at Massport and leave my money in the retirement system, can I retire at a later date?

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If you are vested and leave your job at Massport, you can choose to “defer” your retirement by leaving your money in the system until you are ready to retire. When deferring retirement, if you elect to continue paying the premium on your $5,000 Massport basic life insurance policy you will maintain insurability with the Group Insurance Commission (GIC) for the purpose of obtaining any future health coverage. Contact the human resources’ benefits office for more information.