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Retiree Healthcare

An important part of your Pension Plus 2 retirement plan is your retiree healthcare plan.

Personal Healthcare Fund

The Personal Healthcare Fund is a part of the Savings Component of your retirement plan that can be used for paying healthcare expenses in retirement. With the Personal Healthcare Fund, you were automatically enrolled in an additional 2 percent contribution to your retirement investment account, earning you a 2 percent employer match.

The Personal Healthcare Fund also gives you a credit to a Health Reimbursement Account (HRA) if you have at least 10 years of service when you first terminate employment. The credit will be $2,000 if you are at least age 60 at termination. If you are less than age 60 at termination, the credit will be $1,000.

A Health Reimbursement Account (HRA) is a tax-advantaged health savings plan funded by your employer to help you pay for eligible healthcare expenses you incur after retirement. HRAs are funded and wholly-owned by the employer; HRA rules do not allow you to contribute. Funds are deposited into a noninterest-bearing account for you when you terminate employment. The Office of Retirement Services (ORS) will send you details about your HRA when you become eligible for your account.

 

 

*The date your plan changes took effect was based on your transition date. The exact date depends on your school district's payroll cycle.

 

 

 
 
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