Countdown to Retirement

• Assess your financial situation and make a plan for budgeting and saving — get financial help if you need it.
• Revisit your life, AD&D and disability insurance needs and adjust coverage as necessary.
• Consider enrolling in other voluntary benefits that provide additional protection at a good price and that you can continue after you retire.
• Keep your beneficiaries and will up to date.
• Understand Social Security and when to apply for benefits.
• Create a plan for your lifestyle after retirement — think about your hobbies and how you’ll spend your time.

• Start thinking about a more precise retirement date.
• If you’re planning to work past 65 and you’re enrolled in Medicare, reach out to the FMP Benefits Team at [email protected].
• Check your 401(k) contribution rate — can you further maximize it?
• Model payout options for your 401(k) and pension or CAP benefits.
• Schedule an appointment with your local Social Security office to review your Social Security benefit and timing and next steps, or contact the Social Security Administration online at ssa.gov or call 1-800-772-1213.
• Review your health coverage options and costs.
• If you or your dependent will be 65 or older, you may want to contact SmartConnect to help you explore your Medicare options and find coverage that meets your needs and budget. Reach SmartConnect by calling 1-833-399-1944 or visiting gps.smartmatch.com/fluor .

• Apply for Social Security benefits at ssa.gov up to four months before you want them to begin (you can receive a reduced Social Security benefit as early as age 62; maximum benefits are payable at age 70).

• Work with your manager and HR business partner, and send the HR Benefits Team an email to [email protected] notifying them of your intent to retire. Access the Exit Checklist and follow the guide to complete your tasks.

  If you have any questions about how to enter your time in KRONOS or PeTO, please send an email to [email protected]. Additional contacts are listed on the website if you need assistance in other areas.

• Review your 401(k) or CAP balance; consider speaking with a financial advisor about an income distribution plan, where you decide how you’ll draw down your assets throughout retirement.
• Decide which voluntary benefits you would like to continue after retirement.
• If you’ll be 65 as of your retirement date, contact Social Security about enrolling in Medicare Parts A and B. Don’t be late or you’ll pay higher premiums.

• On the day you separate from service with the company, the following coverage ends:
  • Health Savings Account contributions — Your payroll contributions will end, but your debit card will remain active, and you can continue to use it to pay qualified health care expenses. As a retiree, you won’t pay a monthly maintenance fee for your account with HSA Bank.
  • Health Care Spending Account — your debit card will be deactivated immediately; you have until April 30 of next year to request reimbursement of expenses incurred before your last day of employment. You may continue your participation through COBRA by making after-tax contributions to your account.
  • Dependent Care Spending Account — you have until April 30 of next year to request reimbursement of expenses incurred before your last day of employment.
  • AD&D insurance
  • Travel accident insurance
  • Short-term disability and the Extended Salary Payments (ESP Program)
  • Long-term disability (If you are disabled when you retire, contact the FMP Benefits Team at [email protected] to discuss any questions you may have.)
• Generally, your health coverage will continue to the end of the month.
• Unused personal time off (PeTO) will be paid to you as a lump sum in your last paycheck
• You may pay to continue a reduced amount of basic term life insurance coverage.

Generally, you have 30 days to elect to continue coverage for these benefits:

• Voluntary dependent life insurance and voluntary AD&D insurance: The insurance company will automatically send you information about your options to continue coverage.
• GUL insurance: Call Mercer Voluntary Benefits at 1-855-435-3063 to continue or cancel coverage.
• Auto, home, pet, critical illness and accident insurance: Call Mercer Voluntary Benefits at 1-855-435-3063 to cancel coverage or to arrange for direct billing, if you’d like to continue your coverage.

401(k) and CAP benefits (if applicable)

Review the information mailed to your home by Fidelity — you’ll receive it automatically; if you would like to discuss distribution options, call the NNL Retirement Bridge Service Center at 1-833-728-6677 or access your account online at www.NetBenefits.com.

To request a distribution from the 401(k) Savings Plan or the CAP, mail your forms to Fidelity:

Fidelity Investments
Client Service Operations
P.O. Box 770003
Cincinnati, OH 45277-0069

Health Coverage

Generally, your health coverage will continue to the end of the month.

About 7 to 10 days after your separation date, check the Benefits Service Center (BSC) on fmpbenefits.bswift.com (using the same username and password you created as an active employee) to see if you have been established there as a retiree. If you don’t see a change in your status in the system, please contact your local HR representative.

If you’re younger than 65, you can elect continuation of health benefits through COBRA (medical, Ignite Wellness Program, dental, and/or vision benefits) or, if you meet the eligibility requirements, Retiree Enhanced Health Care (High Deductible, Value High Deductible, dental and vision benefits).

• Approximately 14 to 21 days after your separation date, you’ll receive two separate notices in the mail with information about your FMP health coverage options.
• Within 7 to 30 days after your separation date, you can enroll in retiree enhanced health coverage by calling the BSC at 1-844-819-5075 or visiting fmpbenefits.bswift.com. You’ll be direct billed for your cost, and you may submit a form to authorize pension deductions for benefit premiums.
• Within the 60-day COBRA enrollment period, you may enroll in COBRA by calling the BSC or completing enrollment online at fmpbenefits.bswift.com. You’ll pay for COBRA through direct billing. Premiums cannot be deducted from your pension. If you choose COBRA, you’ll have 30 days to enroll in retiree enhanced health coverage when your COBRA coverage ends.

If you’re 65 or older, contact Social Security regarding Medicare enrollment if you haven’t already done so. For help choosing a Medicare coverage option, call SmartConnect at 1-833-399-1944 or visit http://gps.smartmatch.com/fluor .

• Approximately 14 to 21 days after your separation date, you’ll receive a notice in the mail with information about your FMP COBRA coverage options.
• Within the 60-day COBRA enrollment period, you may enroll in COBRA by calling the BSC or completing enrollment online at fmpbenefits.bswift.com. Premiums cannot be deducted from your pension.

For more information on available benefits and costs for FMP Retiree Medical and/or COBRA, reach out to the Health & Welfare Team ([email protected]) or review the Health & Welfare Benefit Information Booklet.

Consider joining Westinghouse SURE, a group of Westinghouse retirees and alumni who keep in touch and give back to the community through volunteer work. Learn more and sign up at WestinghouseSure.org . Your first year of membership is complimentary.