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Benefits for every age, 50 to 64

benefits for every age

Michael is age 54, and has worked at Stanford for 13 years. He has a child about to start college. Here are all of the ways he takes advantage of programs at Stanford.

Bikes to work and is part of the Stanford Commute Club

$300 (per year)

Takes a Health Improvement Program class three times a week

$125 (per quarter)

Participates in the BeWell Employee Incentive Program with free health screening and advising, and cash incentives

$480 (per year)

Uses the Tuition Grant Program for a child enrolled at UC Santa Cruz

$14,000 (per academic year)

Participates in the backup care (emergency care) program for two elderly parents

$1,020 (per year)

Attends student art exhibits and Ph.D. dissertation presentations, and regularly visits the largest collection of Rodin sculptures outside of France

Priceless

In your 50s and early 60s, you value …

Your total compensation. Base pay is important as your career progresses, and at Stanford, that is only the beginning. This tool shows you how all of your compensation and benefits really add up.

Planning for retirement. It might be time to do some back-of-the-envelope calculations about all of the financial goals you are trying to achieve between now and retirement, and we can help.

  • Are you turning 50 before December 31? Do you know about catch-up contributions and Maximizing Your Contributions to your SCRP accounts?
  • If you’re making plans, you should read about Distributions and understand the rules around accessing your savings
  • Sign up for financial wellness workshops or a one-on-one appointment with an advisor from Fidelity, TIAA or Vanguard from the Workshops & Guidance webpage

Comprehensive health plans. Stanford’s medical insurance covers pre-existing conditions, prescriptions, mental health, fertility treatments, gender reassignment and substance abuse. Plus, you have access to dental and vision insurance. There is a lot to consider in deciding what coverage is right for you. Luckily, we’ve created some resources to help.

Caring for your family. If you have children or parents who depend on your care, Stanford offers several types of support.

Time away from work. There are many reasons to set the Out Of Office message on your email: vacation, PTO, sick time, family leaves including maternity/paternity leave, 10 paid holidays each year, plus the annual winter closure each December.

Wellness. Would you like discounted health and fitness classes, a free annual fitness assessment, free personal training sessions, free wellness workshops and free tickets to select Stanford athletics events? Of course! The BeWell program gives you access to personalized wellness support, an action plan tailored to your needs and incentives ranging from $100 to $780 to encourage you to be your best self.

Flexible work arrangements. Depending on your role at Stanford, you might be able to work with your manager or team on a schedule that adjusts your workday start or end times to avoid peak traffic hours, or to occasionally work from home or from an alternative Stanford worksite.

Group rates on services you may need. Stanford occasionally works with providers to offer a la cart programs and services that you pay for, when you need them.

Career and networking opportunities. Here, you can grow professionally and network with others in ways that are uniquely Stanford.

Things Stanford pays for on your behalf. You may not want to think about unfortunate circumstances that may arise, but Stanford has you and your family covered, just in case. Learn how these work:

Saving money. Take advantage of the incentives, discounts and “perks” that come with being affiliated with the university.

  • Pre-tax commuter transit benefits, free/discounted transportation programs and the Commute Club through Parking & Transportation help you save money and improve your commute
  • If you eat in campus dining halls, review the Faculty & Staff Meal Plan for discounts
  • If you own a cell phone, like to travel, ride a bike or want to make the most of the university’s amazing facilities, you should check out Stanford Sweeteners for dozens of other “sweet” perks

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Ages 65+

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Ages 35 to 49 Age 34 and younger