Results for Retirement Planning

What Happens to the Benefits You Have Today

Before you retire, you’ll want to take note of what happens to the benefits you have today. Some of these benefits will end on your last day worked at Rockwell Automation. Others will end on the last day of the month in which you retire (which could be your last day worked if you retire at the end of a month). With many of your benefits, you have the option to continue coverage after you retire.

To find out what happens to all the benefits you have as an active employee when you retire, download the Termination Benefits Summary. The Termination Benefits Summary gives you details about what happens to each benefit, coverage continuation options and any next steps you would need to take.

These Benefits Will End on the Last Day of the Month in Which You Retire

Medical

You can elect to continue coverage for you and your family members under COBRA. You will automatically receive COBRA enrollment information after your employment ends. You should not elect COBRA coverage if you are eligible for retiree medical coverage from Rockwell Automation and choose to have this coverage start the first of the month after you retire. Learn more eligibility details.

Health Reimbursement Account (HRA)

You may use the money in your account on eligible expenses you incur by the end of the month in which you retire. You may continue to access this money if you choose to continue your medical coverage under COBRA or you enroll in the Rockwell Automation pre-65 retiree medical HRA option. Otherwise, you will forfeit any money left in your account.

Health Savings Account (HSA)

You keep the money in your account when you retire. To maintain your account, you will be responsible for paying the monthly service fee to HealthEquity, if you are no longer covered by the Rockwell Automation HSA option. Alternatively, you can roll your account balance to an HSA with another financial institution.

Dental

You can elect to continue coverage for you and your family members under COBRA. You will automatically receive COBRA enrollment information after your employment ends. COBRA coverage generally ends 18 months after you retire.

Flexible Spending Accounts (FSAs)

Dependent Care: You may use the money in your account on eligible expenses you incur by the end of the month in which you retire. In keeping with IRS rules, any money left in your account will be forfeited.

Health Care: You may use the money in your account on eligible expenses you incur by the end of the month in which you retire. If you have any money remaining after that, you can elect to continue your coverage under COBRA. You will automatically receive COBRA enrollment information after your employment ends.

Basic Life Insurance

You can convert your coverage to an individual policy directly with MetLife, the life insurance administrator.

Supplemental Life Insurance

You can either continue your coverage under a similar group policy with MetLife or convert coverage to an individual policy.

Vision

Your UnitedHealthcare Vision Plan coverage will end.

Voluntary Accidental Death & Dismemberment Insurance

You can either continue your coverage under a similar group policy with MetLife or convert coverage to an individual policy.

 

Retirement Summary Plan Descriptions

The following Summary Plan Descriptions have details about what happens to your coverage when your employment with Rockwell Automation ends and are available on EmployeeConnect > Your Benefits ResourcesTM or by calling the RASC:

  • Rockwell Automation Pension Plan
  • Rockwell Automation Savings Plan (the 401(k) Plan)
  • MetLife Dental
  • Flexible Spending Accounts
  • Life and AD&D Insurance
  • STD and LTD