Retiring from Truist
As you get ready to retire—or think about retiring soon—Truist wants to congratulate you on this exciting time in your life. The benefits team will help you transition from active employment to retirement.
Learn more about retiring from Truist in a live conversation with our retirement specialists:
| Retirement benefits information | |
|---|---|
| Session 1: First Wednesday of the month(opens in a new tab) | Session 2: Third Wednesday of the month(opens in a new tab) |
| Dial in: 866-692-3580 | Dial in: 866-692-3580 |
| Meeting number (access code): 130 523 0426 | Meeting number (access code): 130 696 3460 |
Also, review the following:
Truist Retirement Guide
Retiree Life Insurance Summary Plan Description
Truist Financial Corporation Pension Plan
You should receive your personalized pension benefit calculation within 30 days of your retirement date.
Truist Financial Corporation 401(k) Savings Plan
As always, you can access your Truist Financial Corporation 401(k) Savings Plan account information and initiate transactions by signing in to Fidelity NetBenefits®(opens in a new tab).
You have the option to leave your account in the Plan as long as your balance is at least $5,000.
If you wish to withdraw your account balance or roll it over to another plan or financial institution, you may do so through Fidelity NetBenefits®.
Health benefits
If you are retirement-eligible, under the age of 65, and currently enrolled in medical coverage, you will have the option to select either COBRA or Pre-65 Retiree coverage.
If you choose COBRA, your medical, dental, and vision coverage continues up to 18 months after retirement. You’ll receive a COBRA enrollment packet three weeks after you retire.
Your other option is Pre-65 Retiree medical, dental and vision coverage. You can continue to remain enrolled in this coverage up to age 65.
When you select one of these options, you decline enrollment in the other option.
See the full Truist Retirement Guide (PDF) for insurance premium rates.
Employee Assistance Program
As you transition into retirement, feel free to contact Guidance Resources, our Employee Assistance Program administrator, at 877-369-1785.
Visit guidanceresources.com(opens in a new tab) and enter the user ID: TruistCares.
Retiree Term Life Insurance
As a retiree, Truist provides you with optional Term Life Insurance coverage. See the Truist Retirement Guide (PDF) to learn more.
You also have the option to continue either one or two times your final benefits base salary for Term Life Insurance. For example, if your benefits base salary at the time of your retirement is $30,000, you could elect coverage amounts of $30,000 or $60,000.
Premiums are based on your age, benefits base salary, and the level of coverage you choose. For a detailed description of the program, see the Retiree Life Insurance Plan Description (PDF).
Retirement plan forms and legal notices
Contact us
If you have any questions, please contact HR Central by phone at 800-716-2455, option 1, or by e-mail at Benefits@Truist.com.
No personal or confidential teammate information is contained within Benefits.Truist.com.
Information contained within Benefits.Truist.com applies to eligible teammates residing in the United States, unless otherwise specified.
Not all subsidiaries and affiliates of Truist participate in the benefit programs and policies presented within Benefits.Truist.com.