Campus by University Heights

This site communicates information regarding Post-Retirement Medical Benefits (PRMB) for non-represented faculty and staff.

For a full picture of post-retirement medical benefits at UVM, see the menu at left. If you have questions after reading through the material on this site, feel free to drop a note to HRSinfo@uvm.edu.

Faculty and staff represented by a collective bargaining unit should refer to their respective collective bargaining agreement.

Important: Faculty and staff who are contemplating retirement should make an appointment with an HRS Employee Advisor by calling 656-3150. Those who have retirement savings account(s) through the University should also call their plan provider(s) and set up a time to discuss their financial future.

Key PRMB Principles

The latest details of the University's Post-Retirement Medical Benefits plan and cost share formulas are described below. Note that the current plan continues eligibility for coverage to spouses of eligible staff.

Resources for these principles:

PRMB Table 1

PRMB Table 2

  • Non-Represented Faculty and Staff who, by June 30, 2014, met the post-retirement medical benefit eligibility criteria in place on their date of hire, and retired on or before June 30, 2014, were eligible to participate in the University's post-retirement medical benefit under the cost-sharing formula in effect on June 30, 2011. (See the clarification below regarding the nature of coverage.)
  • Non-Represented Faculty and Staff who, by June 30, 2014, met the post-retirement medical benefit eligibility criteria in place on their date of hire, but did NOT retire on or before June 30, 2014, will be eligible to participate in the University's post-retirement medical benefit when they do retire, and their premium contribution will be based on their age as follows: those with pre-65 coverage will pay the percentage of premium indicated in Table 1; those with post-65 coverage (the University's Medicare Supplement Plan) will pay the percentage of premium indicated in Table 2.
  • Non-Represented Faculty and Staff who were hired on or before December 31, 2011 who did NOT meet the post-retirement medical benefit eligibility criteria in place on their date of hire by June 30, 2014, will be eligible, when they reach age 65 and 15 years of benefits-eligible service, to participate in the University's Medicare Supplement Plan at the premium contribution rate indicated in Table 2. Individuals in this category who choose to retire before age 65 will be eligible for pre-65 coverage, but they will be responsible for 100% of the premium. At age 65, these individuals will become eligible for the University's Medicare Supplement Plan, but they will be responsible for 100% of the premium.
  • Non-Represented Faculty and Staff who, by June 30, 2014, did NOT meet the post-retirement medical benefit eligibility criteria in place on their date of hire, but had reached 15 years of benefits-eligible service, will be eligible for the University's post-retirement medical benefit when they reach age 62, and they will be responsible for 50% of the premium. At age 65, these individuals will become eligible for the University's Medicare Supplement Plan, and will pay the percentage of premium indicated in Table 2.
  • Non-Represented Faculty and Staff who are hired on or after January 1, 2012 will be able to participate in the University's Medicare Supplement Plan when they reach age 65 and 15 years of benefits-eligible service, but they will be responsible for 100% of the premium. These new employees will be eligible for the Retiree Health Savings Plan (see below), which, after one year of service, will include an annual contribution from the University of $1,150 per year.
  • Currently-retired employees will continue to be eligible to participate in the University's post-retirement medical benefit under the cost-sharing formula in effect when they retired.

Clarification: It should be understood that retired, non-represented faculty and staff who reach age 65 are no longer eligible for the Active Plan, but may be eligible for the University's post-65 Medicare Supplement Plan.

 

Resources