The effective date of this new vision benefit is January 1, 2009. This Plan is available to all benefits eligible CSU retirees and their dependents, who reside in or outside the state of California.
General Terms of Enrollment
Retirees who enroll in the CSU Retiree Voluntary Vision Plan will be required to maintain enrollment for a minimum period of 12 months. Length of the required enrollment period may be greater depending upon when the retiree enrolls in the Plan. After the implementation date of January 1, 2009, employees who retire and subsequently enroll in this Plan will be required to maintain their enrollment for the balance of the plan year in which they enroll and for 12 months in the following plan year, unless a permitting event occurs to change their enrollment.
The CSU Retiree Voluntary Vision Plan is a voluntary benefit and the premium is fully paid by enrolled retiree with a monthly premium deducted from their retirement warrant issued by CalPERS. The new CSU Retiree Voluntary Vision Plan has a three-tier rate, allowing participants to enroll eligible dependents of their choice. Monthly premium rates for the CSU Retiree Voluntary Vision Plan are as follows:
Retiree Only (One Party)………………………….…$9.19
Retiree + One Dependent (Two Party)…………..$16.48
Retiree + Family (Three Party).…………………...$17.63
To be eligible for coverage, a person must meet the following eligibility criteria:
1. Currently either a CalPERS or CalSTRS benefits eligible annuitant or an eligible survivor who is receiving a retirement warrant from either retirement system; or
2. A CSU benefits eligible employee who meets vesting requirements (separates from the CSU at age 50 or older with at least five (5) years of CalPERS service credit, and subsequently retires from the CSU within 120 days of separation from CSU.
If either of the eligibility criteria has been met, the individual has the option to enroll in the CSU Voluntary Vision Plan at the time of retirement, or within sixty (60) days of retirement, or within 60 days of loss of coverage on another vision plan, or during any future open enrollment period.
Please note: Faculty Early Retirement Program (FERP) participants are eligible for employer-paid vision coverage for the duration of the FERP assignment. Consequently, FERP participants are ineligible to enroll in the CSU Retiree Voluntary Vision Plan unless the FERP assignment ends or time base drops below half-time.