With AMSC Retiree Benefits Plans, Retirees have two plans to choose from

1. Retiree Benefits Plan to Age 70

The Retiree Benefit Plan is a fully insured plan and is on a stand-alone basis.

Eligibility:

Current Retirees - must be age 55 or older (regular municipal employees and elected officials). (Please note that the policy terminates at age 70.)

New Retiree Choices:

Retiree Benefits Plan - New retirees must enroll within 60 days of retirement date to qualify. No medical evidence is required.
Choose between Option 1 or Option 2. (Terminates at age 70.)

Administration of the Plan:

The Municipality's responsibilities is to provide New Retirees with Retiree Packages.

Click here to access forms

2. Reduction Formula - Retiree Employee Life to Death

AMSC offers a reducing retiree life benefit available to all participating members of the AMSC group benefits plan. Upon the event of a retiree's death, Sun Life will pay a death benefit to the beneficiary.

This life insurance benefit is administered by the municipality with the premiums reflected on the monthly invoice.

Basic Life (Reduction Formula):

For employees who retire on or after reaching age 65 but before reaching age 70 (plan terminates at death).

At retirement	80% of the amount of life coverage prior to retirement
On the 1st anniversary of retirement	60%
On the 2nd anniversary of retirement	40%
On the 3rd anniversary of retirement	20%
On the 4th anniversary of retirement	10%
Age 70	10%

For more information or a no-obligation quotation, contact us.

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