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If I terminate my employment at Massport and leave my money in the retirement system, can I retire at a later date?

April 26, 2017employment later leave massport money retire retirement system

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If I terminate my employment at Massport and leave my money in the retirement system, can I retire at a later date?

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If you are vested and terminate employment at Massport, you can choose to “defer” your retirement by leaving your money in the system until you are ready to retire. An important factor in deferring retirement is that you must continue paying the premium on your $5000 Massport life insurance policy in order to maintain insurability with the Group Insurance Commission (GIC) for the purpose of obtaining any future retiree health coverage.