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Retiree Information 

 

Opt Out with Financial Incentive

Non-Medicare State Employees’ Retirement System (SERS) annuitants who are currently enrolled in the State Employees Health Program may elect to opt out of the health program and receive a $150.00 financial incentive per Public Act 94-0109. Members interested in this option must complete the Opt Out Election Form with Financial Incentive (PDF 505 KB) and submit to the SERS Group Insurance Representative (GIR) (PDF 314 KB).

Annuitant Waiver

Public Act 93-553 changed the State Employees Group Insurance Act to allow an annuitant who is currently enrolled as a dependent of their State-covered spouse or civil union partner to remain a dependent and waive coverage in their own right. To qualify for this waiver, the annuitant must be enrolled as a dependent under their State-covered spouse or civil union partner for a year or more.  The annuitant must indicate the election to continue as a dependent on the retirement system’s Participation Election Form.  Annuitants who do not return the form within the required time frame will have their coverage as a dependent of their spouse/civil union partner terminated.  The spouse/civil union partner cannot carry Spouse Life on the annuitant; instead, the annuitant will have Basic Life coverage as a member. 

For further information regarding retirement benefits, contact your retirement system.