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WSSRA RETIREMENT WEBINAR - Shared screen with speaker view
Hollie
47:38
I can see my mic is off, is my video off as well?
Joni Keller
01:44:57
That's HORRIBLE!
Susan McGrath
01:46:58
any else having a terrible echo with the audio?
Hollie
01:47:00
My Veba account saved me last summer!!! I was bit on my right foot by a rattle snake... come to find out, anti-venom is $10,000 a dose, I received 16 doses...Veba was there to help cover the costs.
CC Pfister
01:47:23
I had a VEBA account a long time ago. Will I still have 'that' account when I retire or till I get a new on. Also, how can I check to see if that old account is still active?
Joni Keller
01:47:40
Wow, Hollie!
Hollie
01:48:09
I was so grateful!
CC Pfister
01:48:16
'will' not till. . . . . . .
Joni Keller
01:48:40
I bet, Hollie!
Ann Acosta
01:58:38
What if your group does not elect to cover that year.
Ann Acosta
02:00:25
Will you be doing Pers 1 plan?
Ann Acosta
02:00:39
or dual plans?
Hollie
02:03:15
How does part time work fit in... 17 years of 1.0 FTE then 7 years .6 FTE
eric.otheim
02:04:23
Is the 180 days cashout (45 days) in addition to the money that you have already put into your VEBA account?
Ann Croze
02:05:56
I have 21 years in Oregon and will finish 9 Years in Washington this year to equal 30 years. Can I retire at 62 with those combined 30 years?
Diane
02:08:13
Since our defined benefit is based on the performance of stocks, what happens if the stock market goes down? Does our benefit automatically go down?
jpearson
02:14:54
is income tax taken out before payment, or do I have to do quarterlies or?
Ann Acosta
02:18:17
What if your 70
jpearson
02:19:03
what if you don't have 30 years at 66 years old?
Ann Acosta
02:19:08
what if you are 70 with 21 years in plan 2?plan 3
DIANE LEIGH
02:19:30
When we use the benefits calculator on the drs web site does it account for the early retirement penalty?
Colleen
02:19:42
How do we know which PLAN we are on?
Terri Bakken
02:20:59
If we work part-time after retiring (subbing) and getting payments at 69, do we need to notify DRS? Do we lose benefits?
Candy Kristovich-Chewelah
02:37:35
can you get an annuity before retiring
Sharron H
02:48:30
share your other screen
jpearson
02:48:56
look at display settings
lauriechadwick
02:49:17
don’t do a split screen
Ron Higgins
02:49:24
Larry is good to go
Ann Acosta
02:55:39
what if Pers 1 and Ters 3 --how does that work ?
Ann Acosta
02:57:05
what about age 70 for Cobra
Diane
02:57:35
I'm wondering about age 70, too.
Sharron H
02:58:17
Will you please tell us what PEBB is? Is it a medicare supplement? Full Ins? What/
ANNE JOHNSON
02:59:40
Yes, please…I do not know what PEBB is either.
jpearson
02:59:59
me too
Kathleen Hatfield
03:00:38
PEBB is our insurance benefits when we retire
jpearson
03:00:53
do we pay for it?
Sharron H
03:01:15
W
Sharron H
03:01:15
h
Sharron H
03:01:15
y
Kathleen Hatfield
03:01:32
yes you pay premiums
Sharron H
03:01:34
sorry, why would we choose it over other options?
Diane
03:01:47
Yes, is it better than medicare/medicaid?
Diane
03:01:59
or medicare supplements?
Kathleen Hatfield
03:02:34
This is what you get if you're aren't eligible for Medicare yet due to your age
Diane
03:03:31
so 70 year olds wouldn't choose this for any reason?
jpearson
03:03:32
thank you!
Sharron H
03:04:03
So it would fill the gap between retirement and medicare?
Jeanne Schmidt
03:04:46
It’s a shame that health care premiums will prevent some from retiring.
Lee Giske
03:07:33
I think it’s a huge consideration for a lot of us. I would certainly consider retiring early were it not for sky high insurance premiums. :(
DIANE LEIGH
03:08:57
I would love it if there was a person I could consult directly about my own questions. Aren’t there people who we can meet with individually?
Dawn Satterwhite
03:09:46
That's why some employers have VEBA as an option or you use your DCP or Plan 3 Self directed plans monies to help cover those costs. It really depends how long you have to get from your actual retirement age to when you can be covered under Medicare. Then you have your Supplemental plans.
Lee Giske
03:11:16
Is DCP deferred comp?
Dawn Satterwhite
03:12:15
Yes. Deferred compensation Plan. Pre-tax dollars from your paycheck. It is in addition to your Defined Benefit and can be taken out immediately once you retire (even if you defer your pension).
Lee Giske
03:13:02
When you pull money out of deferred comp, it’s taxed, correct?
Dawn Satterwhite
03:14:10
The PEBB Retirement plan costs are actually less than what you AND your employer are paying for your healthcare premiums.
Janet Cortez
03:14:17
What is the impact with Tricare?
Robin Knutson
03:16:44
This is mind boggling and we have two household employees - one to retire now the other works for 10 more years. I need to speak with someone about our specific situation - this is so confusing. Who do we contact?
Diane
03:17:42
I wonder about how it impacts TriCare, too.
Lee Giske
03:19:20
This is a difficult format - being online. I attended the in person event last year and found it easier to understand. It’s been suggested to attend multiple years prior to retiring. :)
Diane
03:19:56
Lee, yes. Unfortunately, I have a hard time for this all to "stick," regardless :(
Diane
03:24:10
Must I have Medicare Part B to discuss enrollment?
Diane Schneider
03:25:18
so I have to enroll and pay Medicare B premiums and then pay more for PEBB premiums on top of that?
Bill Donahue
03:25:38
yep
Jack Oakley
03:27:14
SHIBA! Yes!!!
Diane
03:27:36
Shiba????
Laura Lewis
03:27:49
Can I retire to figure all this out ? :) No answer required.
Robin Knutson
03:28:27
Can the customer service numbers be put back on screen?
Robin Knutson
03:28:50
SHIBA number?
Sharron H
03:28:58
*+ Sheba? What is
Jack Oakley
03:29:55
PEBB website has all this again. hca.wa.gov
Wendy Marsh
03:30:06
Statewide Health Insurance Benefits Advisors SHIBA
Ann Acosta
03:31:20
yes
Jack Oakley
03:31:23
Can I call and speak to my individual circumstance
KIMPRIMLEY
03:31:50
How long can we defer the PEBB option?
jpearson
03:32:27
thank you so much!
Katy Root
03:32:49
Thanks Panelists!
Karen Lasen
03:33:20
Thank You!
Diane
03:33:41
Yes, thank you for putting this together for us!
Janet Cortez
03:33:42
This helps me process next steps and options. Thank you!
Marlene Brenton
03:34:05
Great information! Thank you so much!
Diane Schneider
03:34:08
yes thank you and fire hose of info is understated. lol
Susan Olds
03:34:10
Thank You!
Dawn Satterwhite
03:34:56
Thanks so much!