Council on Postsecondary Education Medical Retirement Plan
for members of PSA, PTAA, Physicians, Maritime Professional Assn.
Non-Union Non-Classified (optional)

Council on Postsecondary Education (COPE) has established a health care insurance coverage plan for employees participating in the COPE Alternate Retirement Plan upon their retirement.  This includes employees who are eligible to participate in a COPE Alternate Retirement Plan (ARP) 403(b) Defined Contribution plan sponsored through TIAA.

Summary
Effective June 21, 2009 all participating employees will be subject to a mandatory payroll deduction of .9% of their salary, as ratified by your union.  Employee contributes 0.9% of his/her salary each biweekly paycheck.

Example:
An employee earning $50,000 per year would have $17.31 per pay period withheld (or $450 annually).

Eligibility
This health benefit applies to all employees (AAUP members are not eligible to participate) who either currently participate in or will be eligible to participate in Council on Postsecondary Education Alternate Retirement Plan as defined in RIGL 16-17.1-1 and 2. This includes employees with a primary retirement plan funded through TIAA 403(b).

Coverage
Eligible employees retiring after June 30, 2008, who are not yet 65 will no longer be entitled to the Pre 65 Medical Coverage, but may purchase health insurance coverage at the actual retiree premium rate for themselves and their spouses.

Employees retiring after June 30, 2008, who are at least 65 years of age, shall receive the Post 65 Medicare supplemental coverage in accordance with the table below for Post 65 Medicare Supplement Coverage.

Post 65 Medicare Supplemental Coverage