Retiring Before Age 65
In this section you will find information regarding the retirement process if retiring before the age of 65. If retiring after the age of 65, please see the Retiring After Age 65 section.
The Public Employees Benefits Program (PEBP) offers a comprehensive benefit package to eligible retirees and surviving spouses/domestic partners of these retirees. If you wish to continue coverage as a retiree, you must re-enroll in PEBP coverage within 60 days of retirement. Retirement is a qualifying life event which allows you to change your medical plan or add or delete eligible dependents.
State and Non-State Retiree Eligibility
To be eligible for retiree coverage, you must meet the following requirements:
Pursuant to NAC 287.135, retirees with 5 or more years of service credit (or 8 years of service credit for retired Legislators pursuant to NRS 287.047) are eligible for retiree coverage if the employee’s last employer is participating in PEBP with their active employees. Retirees must also be receiving retirement benefit distributions from one or more of the following:
- Public Employees' Retirement System (PERS)
- Legislators' Retirement System (LRS)
- Judges' Retirement System (JRS)
- Retirement Plan Alternative (RPA) for professional employees of the Nevada System of Higher Education (NSHE)
- A long-term disability plan of the public employer
For more information regarding retiree benefits, premium subsidy, Exchange-HRA contribution (for Medicare retirees enrolled in the Medicare Exchange), and/or surviving dependent eligibility, please refer to the applicable Master Plan. For a quick review of retiree benefits eligibility, you can also click here.
Initial Start of Retiree Coverage
The initial start of coverage is the first day of the month if the retirement date is on the first; otherwise, the initial start of coverage begins on the first of the month following the retirement date. For example, if your retirement date is June 7, your coverage will begin July 1. If your retirement date is July 1, your coverage will begin that day.
Eligible employees have 60 days from the date of their retirement to enroll in retiree coverage. Retirees that do not enroll within this timeframe will lose their opportunity to enroll in retiree coverage, unless they qualify for enrollment during the Retiree Late Enrollment. (NAC 287.540; NRS 287.0475)
To enroll, you must complete the Retiree Benefit Enrollment and Change Form (RBECF) and Years of Service Form (YOS). These forms will be mailed to you once your agency notifies PEBP of your retirement. If you do not receive these forms within 30 days of your retirement, please log in to your E-PEBP Portal and send a secure message requesting them.
Declining (terminating) Retiree Coverage
Retirees who wish to decline PEBP coverage may do so by submitting a written request to decline all benefits. Declining the PEBP-sponsored coverage includes medical, dental, vision, prescription drug coverage, $12,500 Basic Life Insurance, any Voluntary Products (if applicable), years of service premium subsidy, and Exchange-HRA contribution (if applicable).
Termination requests received prior to the requested date of termination will occur on the last day of the month; otherwise, coverage will terminate on the last day of the month following PEBP’s receipt of the written request.
A state retiree or surviving spouse has the option to reinstate PEBP coverage one time pursuant to NAC 287.540 and NRS 287.0475.
Premium Subsidy for Retirees Enrolled in a PEBP Medical Plan
Retirees enrolled in the Consumer Driven Health Plan (PPO), Premier Plan (EPO), or Health Plan of Nevada (HMO) who meet the eligibility requirements to receive a Years of Service Premium Subsidy will receive a monthly premium adjustment.
The adjustment is based on the date of hire, date of retirement, and total years of earned service credit earned from all Nevada public employers (purchased service credit does not apply). The minimum subsidy is based on five years of service to a maximum of twenty years of service. For the Years of Service Premium Subsidy, view the Plan Year 2021 Rates.