This provision offered funds to employers who continue to provide health insurance to the early retirees up to age 65. The law said the federal government would reimburse employers for 80 percent of any claim they paid to an early retiree between $15,000 and $90,000. The law allocated $5 billion to find this reinsurance program. It was intended to run until January 1st, 2014, when early retirees could apply for health insurance on the exchanges. But, some would argue, it turned out to be a slush fund for big unions, corporations, and state governments to recoup federal money for obligations that otherwise we have met themselves. The program ran out of money halfway through 2011 and was shut down. Among the largest beneficiaries were California Public Employees Retirement System, with a $57.8 million claim, and United Auto Workers, with a $206 million claim.