Retiree Medical Credits & Retiree Group Life Insurance
When you leave K-C, you may be eligible for Retiree Medical Credits (RMCs) based on your age and eligible health and welfare service.
Retiree Medical Credits
If you were hired before January 1, 2004 and are age 55 or older with 15 or more years of eligible health and welfare service when you leave K-C, you may be eligible for RMCs. RMCs provide financial support you can use toward the cost of your medical coverage and medical expenses in retirement. Payment comes in the form of RMCs if non-Medicare eligible (under age 65 and not disabled) or a Health Reimbursement Account if Medicare eligible (disabled or age 65 or older).
For more information about RMCs, refer to the My K-C Benefits app (link to the app page on mykcbenefits.com) and select Wealth > Other Retirement Benefits > Retiree Medical Credits. You can also call Empyrean for additional assistance.
Retiree Group Life Insurance
If you were hired before January 1, 2012, age 55 or older and have 15 or more years of eligible health and welfare service when you leave K-C, you may be eligible for Retiree GLI.
K-C provides Retiree GLI coverage equal to $15,000 at no cost to you. If eligible, this coverage remains in effect during your retirement until death. You're automatically enrolled when you retire, but your beneficiary for active GLI doesn't carry over into retirement. Be sure to designate a beneficiary for your Retiree GLI.
Call Empyrean for more information.
Note: Dates and amounts vary for bargaining units. Refer to your Collective Bargaining Agreement for more details.
| Years of Service | Credits | Years of Service | Credits |
|---|---|---|---|
| 15 | 40,000 | 23 | 74,400 |
| 16 | 44,300 | 24 | 78,700 |
| 17 | 48,600 | 25 | 83,000 |
| 18 | 52,900 | 26 | 87,300 |
| 19 | 57,200 | 27 | 91,600 |
| 20 | 61,500 | 28 | 95,900 |
| 21 | 65,800 | 29 | 100,200 |
| 22 | 70,100 | 30+ | 104,500 |
Note: Dates vary for bargaining units. Refer to your Collective Bargaining Agreement for more details.