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The New York State Health Insurance Program (NYSHIP) premium contribution
sharing arrangement will change for all employees retiring from State
service on or after January 1, 2012. New York State helps pay for your
health insurance coverage in retirement. After the State's contribution, you
are responsible for paying the balance of your premiums. Effective
January 1, 2012, your share of the cost is based upon your retirement date
as well as your salary grade or equivalent as shown in the table below.
|
Retirement Date |
Individual
Coverage
State
Share |
Individual
Coverage
Employee
Share |
Dependent
Coverage
State
Share |
Dependent
Coverage
Employee
Share |
All employees who retiree before
January 1, 2012 |
88% |
12% |
73% |
27% |
|
All employees who retire on or
after
January 1, 2012: |
|
|
Individual
Coverage
State
Share |
Individual
Coverage
Employee
Share |
Dependent
Coverage
State
Share |
Dependent
Coverage
Employee
Share |
|
Salary grade 9 or below |
88% |
12% |
73% |
27% |
|
Salary grade 10 or above (equivalent $40,136 or above) |
84% |
16% |
69% |
31% |
Any eligible employee who retirees on or after January 1, 2012, who
is employed in a position designated salary grade 10 or above or the
equivalent ($40,136 or above) at the time of retirement, will be
required to contribute a higher percentage toward their health insurance
premiums.
If you have any questions, please contact Human Resource Management at
878-4821.
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