Benefits-eligible faculty and staff are eligible to be classified as a university retiree, provided they have reached age 55, are in good standing, and have at least 10 years of continuous benefits-eligible service immediately preceding the employee’s retirement date. Service is considered continuous if there is less than a three-month break in service.
Retirees who satisfy the retiree eligibility criteria above, and are between the ages of 55 and 65, are eligible to continue participation in the university’s medical and dental plans.
The University will contribute 50 percent of the cost of the premium for individual or family medical and dental insurance coverage, and the retiree will contribute the remaining 50 percent of the cost of the premium.
The retiree may remain in the plan until age 65. At age 65, the retiree must transfer to Medicare.
When the retiree reaches age 65 and transfers to Medicare, a spouse or same-sex spousal equivalent who is under age 65, and any eligible dependent children, may remain on the medical/dental plans provided the retiree pays 100 percent of the premium.
A spouse or same-sex spousal equivalent may remain in the plan until age 65. At age 65, the spouse or same-sex spousal equivalent must transfer to Medicare.
Dependent children may remain on the plans until age 19, or until age 25 if they are attending college as a full-time student. Documentation of dependency and student status is required.