CSU Retirees

Voluntary Benefits in Retirement

Not all CSU employees who retire from CalPERS will be eligible for the benefits listed below. Individuals must have already been enrolled in these voluntary benefits as an employee prior to retirement and requested to continue coverage upon separation from CSU service within the timeframes specified below.

Voluntary Life Insurance

Portability: You may be eligible to take your voluntary life coverage (coverage you enrolled in and paid for) with you if you leave the CSU. You may be enrolled in this coverage after employment for as long as the CSU continues to offer insurance from the same insurance provider you purchased insurance with as an active employee. To continue your insurance under this provision, you must apply in writing and pay your first premium within 60 days of separating from the CSU. The cost to you will be the same as if you were an active employee.

Conversion: If you separate from the CSU for any reason, you may elect to “convert” your voluntary life insurance to an individual policy based on age and amount of coverage. No evidence of insurability is required if the application is mailed within 31 days of separating from the CSU. The cost to you is based on published rates for standard risks, which could be different than the rates you paid as an active employee for the same coverage.

For more information, contact The Standard Insurance Company at (800) 378-4668 or visit the website.

Basic Life Insurance (Employer Paid)

Portability (port): You may be eligible to take your basic life coverage (coverage you were automatically enrolled in and paid for by the CSU) with you if you leave the CSU. To continue your insurance under this provision, you must apply in writing and pay your first premium within 60 days of separating from the CSU.

Conversion (convert): If you separate from the CSU for any reason, you may elect to “convert” your basic life insurance to an individual policy based on age and amount of coverage. No evidence of insurability is required if the application is mailed within 60 days of separating from the CSU.

For more information, contact The Standard Insurance Company at (800) 378-4668 or visit the website.

Voluntary Group Critical Illness

Portability (port): You may be eligible to take your critical illness coverage (coverage you enrolled in and paid for) with you if you leave the CSU. You may be enrolled in this coverage after employment for as long as the CSU continues to offer insurance from the same insurance provider you purchased insurance with as an active employee. To continue your insurance under this provision, you must pay your first premium within 31 days of separating from the CSU. The cost to you will be the same as if you were an active employee.

For more information regarding portability, contact Aflac at (800) 433-3036 or visit the website.

CalPERS Long Term Care

CalPERS retirees also may continue to contribute to the CalPERS Long Term Care Program. For further information about participation into retirement, contact the program at (800) 982-1775 or visit the CalPERS website.