Premium Contribution Rate for Pre-65 Retirees

Effective July 1, 2013: the contribution percentage that a retiree pays toward the cost of premiums is determined by service credits paid into the UNM Voluntary Employee Beneficiary Association (VEBA). The percentage of contribution toward the cost of premiums for Pre-65 post-retirement benefits will increase 5% each year until Fiscal Year 2019-2020, when it reaches a split of 60% retiree contribution and 40% UNM contribution. For more information on the VEBA, please refer to UNM Policy and Procedure 3600, section 3.1.

Pre-65 Retiree Premium Contribution Rate Schedule

Pre-Retirement Salary FY 2015 FY 2016 FY 2017 FY 2018

$35,000 and above

45% retiree

55% UNM
50% retiree

50% UNM
55% retiree

45% UNM
60% retiree

40% UNM

$25,000 to $34,999

35% retiree

65% UNM
40% retiree

60% UNM
45% retiree

55% UNM
50% retiree

50% UNM

$24,999 and below

25% retiree

75% UNM
30% retiree

70% UNM
35% retiree

65% UNM
40% retiree

60% UNM