Oakland County, MI
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Oakland County Retirement
retirement@oakgov.com
Retirement Health Savings Plan (RHS)
Employees hired on or after January 1, 2006 will not be eligible for retiree health, dental or vision coverage through Oakland County. A Retirement Health Savings (RHS) account will be set up for full-time eligible employees* at a contribution amount of $75 per pay**.
The RHS account may only be used to pay for medical, dental and vision expenses based on Internal Revenue Regulations. These expenses may include paying for health care premiums, co-pays, and deductibles.
A participant may access their RHS account after retirement or separation from Oakland County based upon the following vesting schedule:
At Completion of: | Vesting Schedule |
---|---|
Up to 6 Years | 0% (Not Vested) |
6 Years | 60% |
7 Years | 70% |
8 Years | 80% |
9 Years | 90% |
10 Years or more | 100% |
* A part-time eligible employee hired on or after January 1, 2006 will not be eligible for Oakland County contributions towards his/her RHS account.
** Some bargaining units may differ.