Post 1-1-96 to 9-30-2000

Qualified retirees are those who meet the 75-year rule. For employees hired on or after January 1, 1996, age plus a minimum of 15 years of full-time service must total 75 years in order to be considered a qualified retiree.

Health Insurance

Under age 65

University coverage continues

Over age 65

University coverage supplements Medicare


Medical premium contribution

Full-Time Service

Employee Contribution*

15-19 years 50%
20-24 years

25%

25 + years

Will contribute the same premium cost share dollar amount as immediately prior to retirement without being subject to future increases in premium.


Life Insurance

$10,000 upon retirement (increases at University option)


Tuition Remission

Qualified retirees, their spouses and children under the age of 24 are eligible to receive full tuition remission for undergraduate/graduate courses at the University, except for Special Programs, such as  all doctoral programs, those offered through the School of Law, the Executive MBA Program, etc. Special Programs qualify for a 50% remission benefit for children under the age of 24. (Please contact OSA for information concerning programs that are considered to be Special Programs.)

For a child age 24+, full tuition remission toward completion of an undergraduate degree if he/she matriculated prior to turning age 24 or 50%  tuition remission for undergraduate/graduate courses at the University and 25% tuition remission for Special Programs.

On-campus tuition remission benefits for a dependent child terminate at the end of the semester in which he/she turns age 30.

Non-credit or certificate courses/programs are not covered, nor is a qualified retiree eligible to participate in the tuition exchange program or the off-campus tuition reimbursement program.

 

Rehired Employees

  • If a full-time employee who was previously eligible for but did not meet the Rule of 75 terminates full-time employment, and is rehired full-time after a year (12 month) break from full-time service, the employee will no longer be eligible for Rule of 75 benefits regardless of subsequent service.
     
  • If a full-time employee who was previously eligible for but did not meet the Rule of 75 terminates full-time employment, and is rehired full-time within a year (12 month) break from full-time service, the employee will be eligible for rule of 75 benefits.
     
  • If a full-time employee who was previously eligible for and did meet the Rule of 75 terminates/retires from full-time employment (qualified retiree), and is rehired full-time, upon his/her subsequent termination/retirement date, he/she will continue to be considered a qualified retiree; however, the retiree’s medical plan contribution will be based on the same percentage as immediately prior to latest retirement date (see table above).