Qualifying employees may use their unused accrued leave to pay for their PEIA health insurance premium upon retirement. The portion of the premium that is paid by accrued leave depends on the employee�s effective date of coverage in the PEIA eligibility system. Employees hired on and after July 1, 2001, are not eligible for this benefit.

Employee's Hired Before July 1, 1988

Employees covered by PEIA (or one of the managed care plans offered through PEIA) continuously since before July 1, 1988, 100% of the premium shown on the chart will be paid. The days convert as follows:

• 2 days of accrued leave = 100% of the premium for one month of single coverage
• 3 days of accrued leave = 100% of the premium for one month of family coverage

Employees Hired Between July 1, 1988-June 30, 2001

Employees who came into the PEIA PPB Plan (or one of the managed care plans offered through PEIA) after July 1, 1988, or have had a lapse of coverage since then, only 50% of the premium shown on the chart for each month�s coverage will be paid, and the employee will be responsible for paying the remaining monthly balance.

The days convert as follows:

• 2 days of accrued leave = 50% of the premium for one month of single coverage
• 3 days of accrued leave = 50% of the premium for one month of family coverage

Extending Coverage for Higher Education Faculty

Full-time faculty members employed on an annual contract basis for a period other than 12 months may extend employer-paid insurance coverage based on years of teaching service as follows:

• 3 1/3 years of teaching service = 100% of the premium for one year of single coverage
• 5 years of teaching service = 100% of the premium for one year of family coverage