Eastern Michigan University Seal

Policies, Rules and Regulations

Chapter Name: Employment, Affirmative Action and Civil Rights

Chapter No. 3.4.2.1

Issue: Retirement Eligibility

Effective Date: 1-16-1980

Revision Date: 06-27-2017

UNIVERSITY POLICY STATEMENT:

 

Eligibility for retirement from the University is based on a combination of age, years of service (YOS), and employee classification (E-Class).

 

The following is a list of benefits currently offered by the University for employees who retire from the University. The University requires employee contributions towards the cost of some or all of these benefits.   For a detailed description of these benefits, including the cost to you, please see http://www.emich.edu/hr/working/employment/forms.php.

 

Where there is an inconsistency between the information contained in this Policy and the applicable collective bargaining agreement, the collective bargaining agreement will govern.


E-Class

EMU Retirement Benefits

Eligibility

Employee-paid Health Care for TIAA Plan Participants

Employee-paid Dental for  TIAA Plan Participants

Life

Insurance

Emeritus

Status (nomination and approval required)

Eligible for Medi-Gap after Age 65 for TIAA Plan Participants

AC

Age 50

w/10 YOS

Offered to age 65

Offered for life

$7,000

15 YOS

Yes

AH

Age 50

w/10 YOS

Offered to age 65

Offered for life

$7,000

15 YOS

Yes

AP

Age 50

w/10 YOS

Offered to age 65

Offered for life

$7,000

15 YOS

Yes

CA

Age 50

w/10 YOS

Offered to age 65

Offered for life

$7,000

15 YOS

Yes

CP

Age 50

w/10 YOS

COBRA

COBRA

$4,000

15 YOS

No

CS

Age 50

w/10 YOS

COBRA

COBRA

$7,000

15 YOS

No

FA

Age 55

w/15 YOS or Age 60

w/10 YOS

Offered to age 65

Offered for life

$7,000

15 YOS

Yes

FM

Age 55

w/15 YOS or Age 60

w/10 YOS 

Offered to age 65  

Offered to age 65  

Age 50

w/10 YOS*

$7,000

15 YOS

No

PS

Age 50

w/10 YOS

COBRA

COBRA

$7,000

15 YOS

No

PE/PT

Age 55

w/15 YOS or Age 60

w/10 YOS 

Offered to age 65

Offered to age 65

Age 50

w/10 YOS

$7,000

15 YOS

No

·       Different eligibility criteria may apply, if retied due to medical reasons (age 40/5YOS)

 

There is no compulsory retirement age for any employee group.  Retirement from Eastern Michigan University affects only the benefits listed above.  It does not impact the amount of or your ability to withdraw your retirement annuity from either MPSERS or TIAA-CREF, which is determined by the terms of the plan. For information regarding the TIAA-CREF and MPSERS retirement plans contact the benefits office at 734-487-3195.

 

Limitations
Eastern Michigan University in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents, subject to collective bargaining obligations. Although the university has elected to provide these benefits, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the university modifies, amends, or terminates the benefits. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the university’s right to modify, amend or terminate them.

Authority for Creation or Revision:

Minutes of the Board of Regents, January 16, 1980; para. .2181M.
Minutes of the Board of Regents, September 23, 1987; para. .3556M.
Minutes of the Boards of Regents, February 15, 2011