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Healthcare Benefits

Personal Healthcare Fund

The Personal Healthcare Fund (PHF) is a part of the Savings Component of your retirement plan that can be used for paying healthcare expenses in retirement. Since you have the PHF for your retiree healthcare plan, you were automatically enrolled in an additional 2 percent contribution to your savings component, earning you a 2 percent employer match.

The PHF also gives you a $2,000 credit to a Health Reimbursement Account (HRA) if you have at least 10 years of service when you terminate employment.

Health Reimbursement Account

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.

 
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