Employee Handbook -> Benefits

Definitions
Regular Retiree - Employee whose adjusted employment date is on or after 11/1/93, and whose combined age and regular service equals or exceeds 80 with a minimum requirement of 55 years of age and 15 years of regular service.

Ex: Age 60 + years service 20 = 80.

Grandfathered Regular Retiree I - Employee who is at least 55 on 10/31/93 and whose adjusted employment date is on or before 10/31/93, and who has 15 or more years of regular service on the last day of active employment.

Grandfathered Regular Retiree II - Employee who is less than 55 on 10/31/93 and whose adjusted employment date is on or before 10/31/93, and who has 15 or more years of regular service and who is age 55 or older on the last day of active employment.

Disabled Retiree - Employee receiving Long Term Disability insurance benefits who is expected to be permanently and totally disabled. Such individual is treated as the appropriate retiree above as long as the fifteen-year minimum service requirement is satisfied. Minimum age requirements are waived.

Surviving Dependent - The spouse and/or child(ren) of a retiree who dies while in retirement or the spouse and/or child(ren) of a regular employee eligible for retirement who dies while in active service.

Benefits
All regular retirees are eligible for the following benefits:

1. Retirement plan payout (see carrier(s) for more detailed list of options)
2. University email account
3. Retiree identification card which serves to establish eligibility for 4, 5, and 6 below (Hilltopper Card Office)
4. Free pass for retiree and spouse to athletic events
5. Employee discounts at Mary Moody Northen Theatre
6. Continued library privileges for retiree and spouse
7. Continued access to the Employee Assistance Program
8. Medical continuation plan as provided by the Consolidated Omnibus Budget Reconciliation Act, 1986, as amended.
9. The same tuition remission benefit for children as any similarly situated active employee;
10. Unlimited free courses for retiree and spouse
11. Space to work when on campus (faculty retirees only).

The following categories of Retirees are also eligible to continue in the St. Edward's University group medical plan as indicated below:

A Regular Retiree may continue in the appropriate SEU retiree group medical plan by paying the entire premium.

A Grandfathered Regular Retiree I may continue in the appropriate SEU retiree group medical plan at retirement time. Prior to age 65, the retiree must pay the entire premium. Beginning with the first of the month following the month in which the retiree attains age 65, the retiree is eligible to receive the same employer-paid premium sharing as a similarly situated active employee.

A Grandfathered Regular Retiree II may continue in the appropriate SEU group medical plan at retirement time. Prior to age 65, the retiree must pay the entire premium. Beginning with the first of the month following the month in which the retiree attains age 65, the retiree is eligible to receive employer premium sharing up to $200 per month, as adjusted, not to exceed the employer-paid premium sharing for Grandfathered Regular Retirees I.

A Disabled Retiree may continue in the appropriate SEU retiree group medical plan. The amount, if any, of employer-paid premium sharing is determined by the disabled retiree's adjusted employment date.

A Surviving Dependent may continue in the appropriate SEU group medical plan by paying the whole premium. (Surviving child(ren) must meet the definition of dependent under the medical plan).

Adult children of regular retirees who apply for financial aid and demonstrate need may be eligible for favorable treatment in the packaging of financial aid to meet that need. See Student Financial for Adult Children elsewhere in this Handbook.

Note: As with other policies and benefits, retiree benefits may be amended by the university at any time.