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Are lump sum payees eligible for any benefits?

April 26, 2017Benefits eligible lump payees

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Are lump sum payees eligible for any benefits?

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Retirees who take a lump sum payout are not eligible to continue any health and welfare benefits. However they are eligible to receive services from the Retiree Center and to join the Emeriti and/or Retirees’ Association. Lump sum payees can also obtain an AggieCard and are eligible for complimentary parking passes, library privileges, and retiree discounts at campus units.