HEALTH BENEFIT SUPPLEMENT
To help manage the costs of healthcare ERF pays retirees a health benefit supplement in addition to his or her pension.
If, as a beneficiary, you are entitled to a monthly benefit you will receive $25 per month for each full year of service credit, up to $125 per month. The Health Benefit Supplement is a taxable amount and will be included in your gross income for tax purposes.
AM I REQUIRED TO USE THE SUPPLEMENT FOR HEALTHCARE?
You are not required to use the health benefit supplement for healthcare costs. It is meant to ease the rising costs of healthcare after retirement, but as it is included in your monthly payment, it may be used in any way that benefits you.