MWRA RETIREMENT SYSTEM

Deferred Retirement

If you are leaving the MWRA and have ten years of full-time creditable service and vested retirement rights but you have not yet turned age 55,

you may choose deferred retirement status to continue your health and life insurance converge as long as you pay the full monthly insurance premium. As a deferred retiree, you may continue the same life and health insurance coverage you had as an active employee.

WHAT YOU MUST DO IN ORDER TO DEFER YOUR RETIREMENT

Call Brian M. Leahy, Executive Officer, Retirement at (617) 305-5596 to find out if you are eligible.
Call Andrea Murphy, Benefits Manager, Human Resources at (617) 788-4021 to request an application for continuance of insurance coverage as a deferred retiree.

 

If you leave the MWRA and are not working at a company that provides benefits and you are not yet age 55 but you have vested retirement rights, the Group Insurance Commission (GIC) recommends that you:

  • Leave your retirement monies in the retirement system.
  • Select coverage as a deferred retiree.

If you are not yet 55 but have ten full years of creditable service and are leaving the MWRA to accept a job with benefits elsewhere, while leaving your monies in the MWRA Employees Retirement Board, the Group Insurance Commission (GIC) recommends that you:

  • Maintain your GIC life insurance as a deferred retiree.
  • Enroll in a health plan offered by your new employer.

When you retire from the MWRA and begin to receive a monthly allowance check, you can change your coverage status to retiree. You will not be required to satisfy a medical requirement.