Page 70 - 2019-20 CAFR

Rogue Community College

Notes to Basic Financial Statements
Year ended June 30, 2020

9. Post‐Employment Health Care Costs (continued)

Plan Description (CA OPEB) (continued)

The following details and/or additional requirements apply to the College’s contributions:

 Any subsidy paid by the College toward healthcare premiums ends when access to this

coverage ends, i.e., at the earlier of age 65 or upon the retiree’s eligibility for Medicare, except

in certain very rare situations where coverage may extend to retirees eligible for Medicare
prior to age 65.

 Retirees who do not meet the minimum age and service requirements described on the above

table are ineligible to participate in the College’s healthcare plans.

 Employees retiring on disability are subject to the same age and service eligibility
requirements described above.
 Coverage and premiums are provided through the Oregon Educators Benefit Board (OEBB),

and include medical, dental, and vision benefits.

 Service requirements are based on years of College service while eligible for benefits. In

general, part‐time employees are not eligible for benefits. For part‐time employees who later
attain full‐time faculty status, each two years of part‐time (adjunct) faculty experience counts
as an additional one year of benefit service.
 Retirees may choose (at the time of
retirement only) to add dependents at their own cost if
not already subsidized by the College as outlined in the above table.
 Benefit subsidies are not extended to dependents after the retiree’s death, although a
surviving spouse may continue coverage at their own expense after the retiree’s death.

 Similarly, if the retiree reaches age 65 or becomes eligible for Medicare prior to his or her

spouse, the College’s subsidy, if any, ends. However, the spouse may continue coverage at
his or her own expense until also attaining age 65 or becoming eligible for Medicare.
 There is one retiree not subject to the maximum subsidy.
Employees Covered by Benefit Terms (CA OPEB)
Benefits under this plan vary by employee group and date employed. The chart below summarizes
the information:

r
o

Inactive employees beneficiaries currently receiving benefit payments 26
Active Employees 276
Total 302
Funding Policy (CA OPEB)

The benefits from this program are fully paid by the College. Employee and retiree contributions may

be required, depending on retirement date and employee group. There is no obligation on the part of

the College to fund the benefits in advance. The College covers this obligation through annual
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