Retiree Insurance Eligibility - Employees Hired on or After May 2, 2008

Employees Hired on or After May 2, 2008
New retiree insurance provisions, which were created by Act 195 of 2008, apply to new employees hired on or after May 2, 2008. At retirement, you must meet established insurance eligibility rules, and funding for your health insurance will be determined by calculating the number of years of earned service with an employer participating in the state insurance program.

These new funding provisions apply to SCRS, ORP, PORS, General Assembly Retirement System and Judges-Solicitors Retirement System participants.

Funded Retirees:
If an employee retires with 25 or more years of earned service credit, the state pays 100 percent of the employer's share of the premium. The retiree pays the retiree's share.

Partially Funded Retirees:
If an employee retires with 15 years, but fewer than 25 years, of earned service credit, the state pays 50 percent of the employer's share of the premium. The retiree pays the retiree's share plus the remaining 50 percent of the employer's contribution.

Non-Funded Retirees:
If an employee retires with 5 years, but fewer than 15 years, of earned service credit, the retiree pays the full premium. There is no state contribution.