It is never too early to start planning for retirement.
Recognizing many faculty and staff members desire to plan for retirement, the Office of Human Resources Workforce Benefits and Well-Being Unit will host two retirement planning sessions with the South Carolina Public Employee Benefit Authority (PEBA).
“Retirement Starts Now” is targeted toward faculty and staff members in the middle of their careers who are interested in learning more about preparing for retirement.
PEBA says, on average, the state’s defined benefit retirement plans provide about 50% of active employment income. Officials estimate Social Security may provide up to 40%. This course will walk employees through the variables that may impact their retirement income and the steps they can take now to better prepare .
The two sessions will occur on September 11 from 1 – 4:30 p.m. and November 13 from 9:30 a.m. – 12 p.m. Sessions will take place virtually to allow faculty and staff across the state to participate. Interested individuals should register ahead of time through Tiger Training to receive the link to the virtual webinar. Faculty and staff who cannot attend the live sessions can watch the presentation on PEBA’s YouTube channel.
For faculty and staff members closer to retirement (within three months to one year), the Workforce Benefits and Well-Being Unit offers “Navigating Your Retirement” classes, which guide employees through the steps needed to retire from the University. These classes are offered both in-person at the Administrative Services Building and virtually. Registration for those sessions is also available through Tiger Training.
PEBA offers appointments for one-hour phone consultations and one-hour video consultations. Faculty and staff can schedule an appointment online or learn more on PEBA’s website.