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
- Retirement Eligibility:
- At least 5 years of service at ISU
- Age 55 or older
- 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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