SHBP Annuitant Years of Service Subsidy Policy
Be aware of a change in the State Health Benefit Plan (SHBP) subsidy policy for retirees that took effect on January 1, 2017.
Please visit the SHBP website at https://shbp.georgia.gov/annuitant-years-service-subsidy-new-policy-rates for information about the Annuitant Years of Service Subsidy Policy, including Retiree Rate Calculators. This change could have a substantial impact on the cost of healthcare for retirees and their eligible dependents. Visit https://shbp.georgia.gov/retiree-rates to determine which rate structure applies to you.
It’s important to understand if and how this change affects you and to take steps today to prepare for the future increase in medical premiums. GCPS employees have the opportunity to participate in a GCPS Retirement Savings Plan (RSP), which is an excellent element of GCPS retirement benefits allowing participants to save today in order to meet these future financial needs.