The San Diego Unified School District (SDUSD) and the San Diego Education Association (SDEA) are pleased to announce an increased monthly benefit for retirees participating in the Retiree Medical Fund.
Effective retroactively to April 1, 2024, the monthly benefit will jump from $375 to $450. This increase comes after a joint recommendation by the SDEA-SDUSD Retiree Medical Trust and an actuarial study that confirmed the fund’s solvency. The additional benefit is intended to help retirees offset rising healthcare costs when participating in a VEBA sponsored health benefit plan. Here is a link to the new side letter that allows for this increase of this benefit.
Eligibility to receive this benefit:
- The fund is open to those who have retired with 17 years of service to the SDUSD (excluding unpaid leave).
- They need to be under age 67 and already be receiving a monthly retirement benefit from CalSTRS or CalPERS.
- If they’re 65 or older, they must be enrolled in Medicare Parts A and B.
- They must have been covered under an SDUSD medical plan as an employee immediately before their retirement and have maintained continuous coverage since then.
