Full-time equivalent (FTE) service months summary
Employees meeting the minimum retirement requirements* will remain eligible to maintain health, prescription drug and dental coverage and receive the employer's contribution based on the following.**
If an employee retires with 15 or more years of service and is at least age 62, the following FTE service month ranges will determine their health, prescription drug and dental contribution during retirement.
1/2 Contribution 90.00 - 116.99 |
3/4 Contribution 117.00 - 161.99 |
Full Contribution 162.00 - 999.99 |
If an employee retires with 25 or more years of service at any age, the following FTE service month ranges will determine their health, prescription drug and dental contribution during retirement.
1/2 Contribution 150.00 - 194.99 |
3/4 Contribution 195.00 - 269.99 |
Full Contribution 270.00 - 999.99 |
*Minimum retirement requirements are 15 or more years of service and at least age 62 or 25 years of service at any age.
**For Support Staff hired on or after 07/01/02, the University contribution toward health and dental plan coverage will be provided for the MSU retiree only. The retiree may pay the applicable premium to cover eligible dependents.