Other Post Employee Benefits (Retiree Health Benefit)

APPROVED PLAN FOR CURRENT EMPLOYEES

Newly Hired Employees

In March 2009, the School Board approved recommended changes that will only affect new employees who began working for NNPS on or after July 1, 2009. Upon retirement, this group of new hires will receive the VRS health credit for the purchase of NNPS medical insurance, a Medicare supplement, or other individual insurance.

Current Employees With Less Than 10 Years of NNPS Service

View the approved plan for retiree health insurance for current employees with less than 10 years of service as of July 1, 2011 (hired prior to July 1, 2009)

Current Employees With More Than 10 Years of NNPS Service

View the approved plan for retiree health insurance for current employees with 10 or more years of service as of July 1, 2011

TIMELINE

• Effective Date of Changes - July 1, 2011
• Achieve full funding of Annual Required Contribution - Fiscal Year 2016