11.2.10 Staff Retirement
Source: https://adminguide.stanford.edu/chapters/global-activities/global-human-resources-staff-employment-policies/staff-retirement Parent: https://adminguide.stanford.edu/chapters/global-activities/global-human-resources-staff-employment-policies
Authority
Approved by the Vice President for Human Resources.
Last Updated
March 11, 2014
Effective Date
March 11, 2014
Stanford or its affiliates offer a variety of retirement plans to international employees, depending on the country of work and citizenship of the employee.
1. Retirement Plans
Stanford or its affiliates offer a variety of retirement plans to international employees, depending on the country of work and citizenship of the employee. When it is not feasible to offer a retirement plan in a country, a monthly retirement allowance is provided in lieu of a formal retirement savings plan. Refer to Global HR Programs to determine eligibility for retirement benefits outside of the US.
2. Official University Retirees
University Administrative Guide requirements to be an Official University Retiree may apply to global employees, depending on the relationship of the affiliate. Refer to Global HR Programs to determine eligibility.
3. Official University Retiree Benefit Programs for Global Employees
- US Taxpayers returning to the US: Official Retirees who are US taxpayers may participate in University-provided US retiree medical and dental plans on the same basis as campus employees. At age 65, retirees and spouses must apply for and maintain Medicare Parts A and B.
- Official International Retirees: Official Retirees who are not US taxpayers do not qualify for US retiree medical plans as they are not eligible for Medicare. They may be eligible for Perquisites.
- Perquisites: All Official Retirees may use University libraries and recreation/athletic facilities and receive staff discounts for certain athletic events, as provided by the rules and policies of the department which provides the services or facilities.
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