Faculty & Admin Professional
Effective July 1, 2009, future enrollments in the PERA Medical Subsidy Plan (the “Subsidy Plan”) and the Umbrella Rx (the “Umbrella Plan”) shall be restricted to those academic faculty and administrative professional staff participating in the PERA retirement plan and holding benefits eligible appointments on June 30, 2009, who meet the University’s definition of “retirement” at the time of separation from the University, and who meet the eligibility criteria for the Subsidy Plan and/or the Umbrella Plan subsequent to separation.
Reappointments of eligible employees after July 1, 2009, without a break in service will not affect continued eligibility for the PERA Medical Subsidy and/or the Umbrella Rx programs.
PERA Medical Insurance Subsidy Plan (Subsidy Plan)
The Subsidy Plan provides a subsidy toward the cost of retiree medical insurance through PERA in instances where the retiree incurs out-of-pocket costs for the retiree only premium after the PERA subsidy is applied. The subsidy is equal to the out-of-pocket cost up to the amount of the employee-only premium for the University’s lowest cost active employee medical plan.
If you have at least 10 years continuous CSU service (any consecutive 10 years of benefit eligible service without breaks) in an academic faculty or administrative professional appointment you are eligible for the Subsidy Plan if you enroll in an eligible PERA medical plan. The subsidy is applied toward the cost of your coverage only; the cost for coverage of dependents remains your responsibility. This subsidy is in addition to your PERA subsidy. The amount of the subsidy may vary year to year.
It is your responsibility to notify the CSU Benefits Office of:
- Your initial enrollment in a PERA medical plan to begin the subsidy, and
- Any subsequent PERA medical plan changes within 30 days of the effective date of the change.
If you cease being a participant in a PERA medical plan and re-enroll at some point in the future, your subsidy will not be re-instated until you notify the CSU Benefit Office to reinstate your subsidy. The CSU PERA subsidy will not begin or be re-instated until the first of the month following receipt of the required enrollment verification. No retroactive payments will be made.