Being healthy includes feeling fiscally fit. Here is some news about your savings for tomorrow, a reminder about planning for your future, and an opportunity to reap the rewards of the company’s success right now.
Employee Stock Purchase Plan (ESPP) – Partners in Pearson
The ESPP provides eligible employees with the opportunity to purchase Pearson stock at a 15% discount through after-tax payroll deductions. Here’s how it works:
- Stock purchase is offered in six-month intervals called the “Offering Period (OP).”
- To be eligible, you must be employed on the first day of the OP and work more than 20 hours per week and five months per year.
- On the last day of each OP, the amount you saved will be used to purchase shares of Pearson stock. The price per share will be a 15% discount of the lower of either the market value of the shares at the beginning or close of the offering period.
- Shares you buy are yours and are managed by Computershare Shareowner Services.
The next offering period for the ESPP is July 1, 2017 through December 31, 2017 (look for the next ESPP enrollment email in June). For more information, visit the plan’s website at www.empower-retirement.com/pearson and click on the “Pearson plc Employee Stock Purchase Plan” link or call 1-844-465-4455.
Get Started with Medicare
Click here to check out Medicare’s new video to learn when to enroll in Medicare based on your eligibility and what you should do if you miss your enrollment window.
After you watch the video, visit Medicare Interactive (MI) for more resources to help you navigate your Medicare enrollment. Use the interactive Roadmap tool to determine your Initial Enrollment Period (IEP), and view the handy charts to determine when your coverage will begin.
Preparing for Tomorrow – A Medicare Reminder
If you or a loved one is approaching age 65, in most cases, you will automatically get Part A and Part B starting the first day of the month you turn 65. Medicare enrollment materials are typically mailed out three months prior to your 65th birthday. However, if you (or a spouse) are still actively employed and covered under an employer sponsored group health plan, you may delay Medicare enrollment (Part A and/or Part B) until after your employment ends.
Note: If you will be leaving the company and are eligible for Medicare as of your separation date, it is extremely important that you are enrolled in Medicare on or before your COBRA effective date. At that point, Medicare will be your primary coverage and COBRA medical will be secondary.
Important Contact Information for Medicare Questions:
Medicare eligibility/enrollment – SSA: 1-800-772-1213 or www.ssa.gov.
Medicare benefits/costs/plans – Medicare: 1-800-633-4227 or www.medicare.gov.