Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

REGENTS’ POLICY MANUALSECTION 3—GENERAL POLICIES1) Any Eligible Employees who are eligible for the State and Education EmployeesGroup Health Plan through TRS will have their health benefits in accordance withthat plan. Retiree health coverage is a University-paid Benefit for this type ofEligible Employee (but not his/her dependents). This type of Eligible Employeemust be enrolled in the State Health Plan and if eligible for Medicare, be enrolled inboth Part A and B. Medicare will be primary with the State Health Plan beingsecondary. If the Eligible Employee or an insured dependent is not yet eligible forMedicare, the State Health Plan is primary.2) Eligible Employees who are retiring with TRS but do not meet the requirements forRetirement and Benefits under this Policy may qualify to purchase health and dentalinsurance under the Health Plan. Depending on the number of Years of Service, aportion of the premium may be paid by the University in accordance with theUniversity’s standard personnel policies.3) To be eligible to purchase this coverage under the Health Plan as described inSubsection (b) above, the Eligible Employee must have at least 10 Years of Servicethat is “Benefits Eligible” employment with the University and provide a copy of theTRS final contract evidencing retirement under TRS. The cost to the EligibleEmployee for this coverage will be as follows:With 10-14 Years of Service and eligible toretire from TRS:With 15-19 Years of Service and eligible toretire from TRS:With 20 or more Years of Service and eligibleto retire from TRS:Eligible Employee to purchase health anddental coverage (University Health Care Plan &Basic Dental Plan) by paying 100% of the cost,Coverage must be elected within 30 days ofbeginning TRS retirement benefit.University will provide coverage (UniversityHealth Care Plan & Basic Dental Plan) and pay25% of the portion of the retiree premium forStandard Coverage otherwise paid by theUniversity. An Eligible Employee will pay theremaining Cost. Coverage must be elected with30 days of beginning TRS retirement benefit.University will provide coverage (UniversityHealth Care Plan & Basic Dental Plan) and pay50% of the portion of the retiree premium forStandard Coverage otherwise paid by theUniversity. Eligible Employee will pay theremaining cost. Coverage must be elected within30 days of beginning TRS retirement benefit.4) In order for the University to pay for the retiree-only Standard Coverage healthinsurance under the University Health Plan after Retirement or to be eligible for theUniversity to pay for such coverage upon incurring of a Disability, the EligibleRetiree or Eligible Employee must have been participating in the University HealthPlan immediately prior to Retirement (including Disability Retirement) for therequired periods as follows:THE UNIVERSITY OF OKLAHOMA 201