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Message: <blockquote data-quote="AllTheBellsAndWhistles123" data-source="post: 6170741" data-attributes="member: 112755">Normally the retiree would transition directly to a retiree healthcare plan without lapse in coverage; however, depending upon their individual situation, those who take this buyout with the intent to retire may be faced with a potential gap in coverage between their separation date and their retirement date. This is why it is crucial to start the retirement process immediately after going to the website on the letter to accept the buyout.  I was under the impression that part of this buyout was coverage through the end of the year which is why I was hoping someone would post a full (redacted) copy of the letter.Anyone who does not meet their pension fund's minimum requirements for a full pension and still chooses to accept this buyout would be on their own to find coverage, whether through their spouse or new employer.</blockquote>