Active at time of retirement and receives maximum insurance subsidy available. Must earn one-tenth(0.1) or more years of service in each of the five school fiscal years immediately before their retirementeffective date, or at least one-half (0.5) years of service within the two school fiscal years immediatelybefore their retirement effective date
if Terminated after October 31, 1980, with less than 21 years of service then The participant may enroll (multiple plans?) for the health, prescription drug, and dental/vision insurance, but must pay the full premium.
Terminated on or before October 31, 1980 then The retiree is eligible for the maximum premium subsidy allowed by statute as of their retirement effective date. The maximum subsidy is 80 percent beginning January 1, 2013; 90 percent for those Medicare eligible and enrolled in the insurances as of that date.