60f62a71_ison___University_of_Baltimore__0
Current PENSION Members & Transfers: Retirees and their dependents are eligible for health benefits with full State subsidy after 16 years of creditable service. Retirees with more than 5 years but less than 16 years, and their dependents, may be eligible for health benefits, depending on the circumstances of their retirement, but with a prorated subsidy. New Members (hired 7/1/2011): 1) 10 years to qualify 2) full premium at 25 years 3) premium subsidy prorated for service between 10-25 years. Spouse eligible at 25 years. Retirees are eligible for health benefits with full State subsidy after 16 years of creditable service, individual only coverage. Retirees with more than 5 years but less than 16 years may be eligible for health benefits, depending on the circumstances of their retirement, but with a prorated subsidy. Must retire directly from USM service. Dependents are eligible for the full State subsidy only after the retiree has 25 years of creditable service; dependent subsidy cannot be prorated for service credit under 25 years. New Members (hired 7/1/2011): Maximum subsidy after 25 years or more (changed from 16 or more years) of service maximum subsidy; orat least 10 years or more (changed from 5 years) of service 1/25 of the State subsidy for each year of creditable service up to 25 years (changed from up to 16 years) Dependent subsidy: no subsidy if retiree has less than 25 years of service; maximum subsidy if retiree has 25 or more years of service [0] 
Retiree Health Benefits
Retirement Plans Comparison - University of Baltimore
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