Faculty Handbook

Full-Time Equivalent (FTE) Service Months

VII. FACULTY AND ACADEMIC STAFF BENEFIT AND RETIREMENT PROGRAMS (Cont.)

This concept is defined as the cumulative full-time equivalent (FTE) months of service for University employment of 50% or greater. FTE service months are used in determining eligibility for University benefits which require a service waiting period.

Faculty/academic staff hired prior to July 1, 2010 and 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. Please see the Retiree Benefits Policy for more detail.

If a faculty/academic staff member 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 University contribution level during retirement.

1/2 Contribution  3/4 Contribution Full Contribution
90.00-116.99 117.00-161.99 162.00-999.99


If a faculty/academic staff member 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 University contribution level during retirement.

1/2 Contribution  3/4 Contribution Full Contribution
150.00-194.99 195.00-269.99 270.00-999.99

*Minimum retirement requirements are 15 or more years of service and at least age 62 or 25 years of service at any age. Please see the Retiring from the University Policy for more detail. 

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