Congratulations on your acceptance to Lilly's Voluntary Early Retirement Program (VERP). To ensure a smooth transition for your retirement we have listed a few things you will want to consider before and after separation from Lilly. Please keep in mind some of these items may not be applicable to everyone's situation.
BEFORE DECEMBER 8TH (If you are retiring December 31st)
Go to the Lilly benefits site at: resources.hewitt.com/lilly and make the following elections before December 8th:
Federal and State tax withholding elections. Set-up direct deposit to your bank for your Pension payments. If you are married, you will need to make a survivorship election. (Single individuals will skip this step.)
Health Insurance Elections
Consider the HSA. There are multiple tax benefits. Call us to discuss details.
Get your e-mail and other contact information updated:
Do you use your work e-mail for any personal communication? Make sure to change them to a personal e-mail before separation so you don't miss any important e-mails. Make sure you have a personal e-mail, personal cell phone, and home phone (if applicable) setup on the Lilly Benefits site as these things are used to verify your identity for some requests and to reset a password if necessary.