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). For more information on the VEBA, please refer to UNM Policy and Procedure 3600, section 3.1.

PRE-65 RETIREES

Number of VEBA Service Credit Years Contributed Less than $25,000 $25,000 - $34,999 $35,000 and Above
UNM Retiree UNM Retiree UNM Retiree
5 - 9 25% 75% 20% 80% 15% 85%
10 - 14 30% 70% 25% 75% 20% 80%
15 - 19 35% 65% 30% 70% 25% 75%
20 - 24 40% 60% 35% 65% 30% 70%
Grandfathered with 25+ Service Credits 60% 40% 50% 50% 40% 60%