These funds may be withdrawn under certain circumstances prior to retirement but will be subject to federal tax and an early withdrawal penalty. Health Insurance for Early Retirees Employees who retire between the ages of 62-65 and who have 10 years of consecutive service at Smith may continue to participate in the college's group health plan until age 65, with Smith paying half its normal benefit. Pre-Retirement Counseling Retirement is an important decision. By sponsoring educational programs, Smith helps you prepare for this decision and acquire the knowledge you need to make appropriate Retirement Plan investment choices and to plan for the non-financial aspects of your retirement. Smith College encourages you to periodically check with the Social Security Administration to get an estimate of your retirement benefit.
Retirement is an opportunity for new directions.