Retiring from the College


Who is considered a retiree of Bowdoin College?          

An employee who leaves employment of the College after they have completed at least fifteen years of continuous service in a regular benefits eligible position after reaching age 40 (and attaining age 55) is eligible to be considered a “retiree” of the College.  Individuals who meet the above eligibility criteria and are considering retirement should arrange a meeting with Human Resources at their earliest convenience.

Please see the Retiree Benefits section in the Employee Handbook for more information.

How do retirees gain access to money they have saved in College Retirement Plans?

While working at Bowdoin you may have received contributions from the Bowdoin College 401(a) Retirement Plan with Fidelity Investments and/or you may have made contributions to a Supplemental 403(b) Retirement Account through American Century, Fidelity Investments and/or Vanguard.

Once you retire and employment has ended, you can access these accounts. To discuss your options and/or to initiate a transfer/withdrawal, please contact the appropriate retirement carrier listed above. They will assist you and provide you with the paperwork and instructions.

What other benefits are available to Retirees?

Retirees and their dependents already enrolled in the Bowdoin College Health Plan when the employee retires are eligible to enroll in the College’s retiree medical plan. 

Please see Leaving the College for information regarding all other benefits.

Who can be covered by the College’s retiree medical plan?

Retirees and their dependents (who are already enrolled in one of the Bowdoin College Health Plans when the employee retires) are eligible to enroll in the College’s retiree medical plan.  If you are anticipating retirement, you should be sure to enroll eligible family members in coverage during the annual open enrollment prior to your intended retirement date because there is no opportunity to add family members to the retiree health plan at the time of your retirement or after retirement.  In addition, if you decide to decline retiree medical coverage at the time of your retirement or you drop the coverage at a future date there is no option to reinstate the coverage going forward.

What retiree medical insurance is available to individuals under age 65?

Retirees under age 65 are eligible to elect coverage in one of the Bowdoin College Health Plans in our retiree group. Retirees pay the monthly rates in place for active employees using the highest rate tier for this coverage. If a family member remains on the under-age-65 health plan after the retiree reaches age 65, then the cost of the family member’s coverage will increase to the full premium cost for the tier of coverage that they are enrolled in.

What retiree medical insurance is available to individuals age 65 and over?

Retirees age 65 and over are eligible to elect coverage by the Bowdoin College Retiree Health Plan - Medicare Supplement Plan F.  To make this election an eligible individual must enroll in both Parts A and B of Medicare.  For information about the different parts of Medicare, how to enroll, how to locate a local Social Security office and how to apply for Social Security benefits, please see and  Medicare Supplement Plan F does not include prescription drug coverage.  To obtain prescription drug coverage an individual must purchase a Part D plan of Medicare outside of Bowdoin.  More information is available at

The college contributes $70 monthly toward the cost of Medicare Supplement Plan F for the retiree, while spouses are responsible for the full premium.