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Retiree Life Insurance Program Concluding July 2026

March 5, 2026

Âé¶¹´«Ã½AV, in partnership with Idaho higher education peers, will be sunsetting the Retiree Life Insurance program effective July 1, 2026. Employees currently eligible have been notified of this upcoming change.

  • Current retirees already enrolled in the program will continue to be covered.

  • Employees retiring before July 1, 2026, or faculty retiring at the end of their Fiscal Year  2026 contract, will also maintain eligibility for enrollment under the current program.

Current Program

  • ISU pays life insurance premiums for retirees for decreasing term life insurance coverage.

  • Coverage provides death benefits to a retiree’s  dependents upon passing.

  • Coverage value is based on annual salary at retirement:

    • Up to age 65 → 100%

    • Age 65–70 → 75%

    • Age 70 until death → 50%

Eligibility

  1. Retirement Eligibility:

    • At least 5 years of service at ISU

    • Age 55 or older

  2. Retiree Life Insurance Eligibility:

    • Must meet the Rule of 80 (age plus years of service at ISU ≥ 80)

Planning Ahead

Employees considering retirement are encouraged to review this benefit and contact HR for guidance.

Questions?
Reach out to Janice Romero at benefits@isu.edu or (208) 282- 3106


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