Leaving Ohio State - Human Resources at Ohio State
Leaving Ohio State
The following information will help you manage the transition when you leave the university. If you are retiring from Ohio State or one of the state retirement systems, please see Preparing to Retire.
University medical, dental, and vision coverage terminates on the last day of the pay period in which the termination date occurs. Medical, dental, and vision coverage may be continued in accordance with COBRA, which in general allows for coverage continuation for 18 months beyond the termination date at the expense of the faculty or staff member.
Enroll in health insurance offered through the Health Insurance Marketplace (Marketplace), which may be more affordable than COBRA continuation coverage. You have 60 days to enroll in the Marketplace after your University health coverage ends. For more information about the Marketplace, visit www.HealthCare.gov or call 1-800-318-2596.
Your participation in an FSA will terminate on the date your employment with the university terminates. You may submit reimbursement requests for expenses that were incurred during your employment toward the balance in your FSA until the end of the plan year in which your employment terminates.
You may choose to continue Health Care FSA participation on an after-tax basis. For information, contact TASC Customer Service at (855) FLEX-OSU (353-9678).
Group term life insurance, dependent term life insurance, and voluntary group term life insurance coverage ends upon your termination from the university.
You may be able to continue all or a portion of your insurance or convert to an individual policy. If you wish to port or convert your coverage, you can apply directly to Minnesota Life. You must apply and pay the first premium within 31 days after your Ohio State coverage ends. For more information, contact Minnesota Life at (866) 293-6047.
The contributions you and Ohio State make to your university-sponsored retirement plans end upon your termination from the university.
For information on your options relative to your retirement accounts following your separation from employment, please contact OPERS, STRS, or your provider. See Distributions, Loans & Hardships (Movement of Account Funds After Separation from Service) for an overview of options after separation from employment.
If you have been covered for at least 12 consecutive months and your employment ends, you may be eligible to convert LTD to an individual policy. You must apply for conversion coverage within 31 days of losing group coverage and you may be required to provide medical evidence of insurability. You may contact Integrated Absence Management and Vocational Services for assistance.
If you participate in the pre-tax parking program and have a CampusParc parking pass, you must return it to CampusParc and cancel your participation in the program. Until you do so, you will be considered an active participate and charged a permit fee.
Payment for unused accrued vacation is made at time of termination according to the terms of the Paid Leave Programs, Policy 6.27. No payment is made for unused accrued sick leave at termination, although your accumulated sick leave can be transferred to the State of Ohio or any of its political subdivisions and remains on record for 10 years.
Employees who retire from active service with Ohio State with 10 or more years of state service are paid one-fourth the unused accrued sick leave balance up to a maximum of 240 hours. See Preparing to Retire for additional information.
Unemployment compensation is wage replacement for individuals who suffer a job loss and qualify for benefits. Any Ohio State employee may apply for unemployment benefits. You should apply as soon as you become unemployed. Usually, individuals file during the first calendar week after losing a job. Weekly benefits are not paid retroactively (the sooner you file, the sooner you may be eligible for benefits). You may register for Unemployment by telephone with Ohio Job and Family Services.
The Ohio State University provides a severance program combining working notice and severance pay periods to ensure consistent economic support for eligible staff whose positions are eliminated. The severance program is designed to provide financial support during a period of employment transition. See Policy 2.40, Staff Severance Program, for more information.