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 for full tuition for courses at the University, except in the Law School, the Executive MBA Program, the DPS Program and the Psy.d. Program where the remission is one-half.

Full remission toward completion of their undergraduate degree if they were matriculated prior to age 24 or half tuition for courses at the University and one-quarter remission for the graduate programs listed above

Tuition Remission for children ends at age 30.

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).