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  Introduction to the Handbook
  Message from the President
  About Your College
  Ivy Tech Foundation
  Regional Administrative Centers
  Personnel Policies and Procedures
  Time Off
  Health and Dental Care Programs
  Other Core Benefit Programs
  Voluntary Benefits
  Retirement Programs
  PERF Retirement Plan
  Ivy Tech Retirement Annuity (RA) Plan
  Tax-Deferred Voluntary Retirement Plans
  Social Security
  Other Retiree Programs
  Group Health and Dental Benefit Plans
  Medicare
  Sick Leave Buy Back
  Educational Support
   
  Updates:

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July 2013
September 2012
July 2012
July 2011
February 2011
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Full-Time Employee Handbook
Retirement Programs
   

Group Medical and Dental Insurance

  Refer to section "Retirement and Medical and Dental Benefits" for complete information on this matter.

Medicare

 

Medical insurance after age 65 is a major concern for employees. Medicare, a federally administered program, is an important element of the Retiree Group Medical Insurance outlined above. Medicare provides the primary medical coverage for retirees age 65 and over. The College-Sponsored Retiree Group Medical Insurance is a complement to Medicare and provides coverage for expenses remaining after Medicare has made payment or does not cover.

All College employees, whether still working or retired, should sign up for Medicare Part A at age 65. For this coverage to begin at age 65, you should apply six months in advance of your 65th birthday. Once retired, you should enroll in Medicare Part B as well. Again, it is advised that you apply for Part B coverage six months prior to your retirement date.

Sick Leave Buy Back

  A portion of your accrued sick leave is payable at retirement if you qualify for the sick leave buy back program. The program provides each benefits-eligible employee a benefit payment equal to 50% of the employee's first one-hundred (100) days of unused sick leave accrual balance. To be eligible for this payment an employee must be at least fifty-five (55) years old and continuous benefits eligible years of service plus age must equal seventy-five (75) or more. There is no maximum age limit. Payment of this benefit will be made on the final payroll check. Please contact your Human Resources department to verify eligibility and to complete the necessary forms.

Educational Support

 

As a retiree you may be eligible to enroll for up to twelve (12) credit hours or an equivalent number of non-credit courses (fees remitted for non-credit courses not to exceed credit course fees for twelve (12) credit hours) per semester at Ivy Tech. Educational travel courses are not eligible for fee remission. The College will waive the general fee, technology fee and distance education fee for these credit hours/non-credit courses when a fee remission waiver request form is approved prior to registration for the course.

The College also provides a retiree's spouse and dependent children the opportunity to attend classes offered at Ivy Tech for up to fifteen (15) credit hours or an equivalent number of non-credit courses (fees remitted for non-credit courses not to exceed credit course fees for fifteen (15) credit hours) per semester. Educational travel courses are not eligible for fee remission. The College will waive the general fee, technoloy fee and distance education fee for these credit hours/non credit courses when:

   
  a fee remission waiver form is approved prior to registration for the course
 

a dependent child acknowledgment form is completed when fee remission is for a dependent child.
   
 
This is the most current version of the handbook.
 
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