Ready, set, retire. Whether you’ll spend time with family, travel a bit, plan to give back to the community, and maybe even work a bit more, Sandia is here to help you make the most of your retirement benefits when you are no longer working with us.
Retirement Eligibility Criteria
You are retirement eligible when you meet both the following minimum age and minimum service requirements while still employed by NTESS or another Affiliated Company:
Minimum Service Years
If you were hired or rehired prior to January 1, 2009 (July 1, 2009 OPEIU represented employees and July 1, 2010 MTC or SPA represented employees) and are a participant in the NTESS Retirement Income Plan (Pension Plan), the above stated minimum age and service requirements are used to define retirement eligibility, to determine Service Pension eligibility and to determine access to subsidized retiree medical and dental benefits.
If you were hired or rehired on or after January 1, 2009 (July 1, 2009 OPEIU represented employees and July 1, 2010 MTC or SPA represented employees) the above stated minimum age and service requirements are used to define Sandia retirement eligibility and determine access to unsubsidized PreMedicare Retiree medical benefits.
To best prepare you for your retirement planning, please sign up to select and attend one of our monthly retirement briefings hosted by a Benefits team member. The Retirement Group Briefing is a 90-minute session that will primarily cover retirement benefits, date selection, health premiums, corporate separation process, and includes a Q&A. This session is intended to answer the majority of your questions.