Support Staff Policies & Procedures

Retiree Benefits Policy & Procedure

(Revised 11/2016)

Policy

Once an employee meets the minimum retirement requirements and becomes an official MSU retiree upon cessation of active service (please see Retiring from the University Policy), an official retiree qualifies for certain benefits:

If an employee retires with a minimum of 15 years of service and is at least 62 years of age, the following FTE service month* ranges determine the University health care and dental contributions during retirement.

FTE Service Months University Contribution Level
90 - 116.99 Half-time
117 - 161.99 Three-quarter time
162 - 999.99 Full-time

If an employee retires with 25 years of service at any age, the following FTE service month* ranges determine the University health care and dental contribution during retirement.

FTE Service Months University Contribution Level
150 - 194.99 Half-time
195 - 269.99 Three-quarter time
270 - 999.99 Full-time

* The contribution is based on the full-time equivalent (FTE) service months at the time of retirement.

 

Procedure

Employee:

Refer questions to:

MSU Human Resources (517-353-4434, 800-535-4434, or SolutionsCenter@hr.msu.edu)

Revision History -

11/2/2016 - added clarification on support staff payoffs at retirement, and University contributions for retiree benefits for rehired retirees and vested active employees.

10/4/2016 - this policy was created by deleting retiree benefits policy details from the Retiring from the University policy and transferring it to this policy, along with removing "hire date," replacing with "Retirement Calculation Date" and other updates.

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