Auburn University - PEB - Termination Information

Termination Information for Employees

This information was gathered to provide an employee leaving the University with information concerning termination.

W-2 Address
If applicable, update your address:

Through Self-Service Banner or
Notify the Office of Human Resources

Health/Dental Insurance
Coverage will be discontinued effective with the last day of the pay period which includes your last day worked. However, you may continue medical and dental insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA). Information regarding your rights to coverage continuation will be mailed to your address of record. Completed forms must be returned to the address and by the deadlines included in the materials sent to you. Questions should be directed to Sylvia Holman in the Payroll & Employee Benefits Office, 334-844-1779.

Flexible Spending Accounts (FSA)
Eligible expenses may be incurred up until termination date. You will then have 90 days following termination to file for reimbursement of eligible expenses. Questions should be directed to Teresa Coker in the Payroll & Employee Benefits Office, 334-844-1789.

Contact Information for Other Health and Welfare Benefits:

Vision Care	Kori Davis @ Johnson Sterling, Inc.	334-887-5533
Cancer Ins. With Colonial	Kori Davis @ Johnson Sterling, Inc.	334-887-5533
Group Life Ins. w/The Standard	Joyce Sims	770-431-1162
Supplemental Life Ins. w/Colonial	Kori Davis @ Johnson Sterling, Inc.	334-887-5533
Supplemental Long-term Disability	Kori Davis @ Johnson Sterling, Inc.	334-887-5533

Retirement Systems of Alabama
Once a member terminates employment prior to retirement eligibility, he or she has three options:

If the member is vested (has at least 10 years of service), retirement contributions may be left in the system until age 60. The member may apply for service retirement to be effective the first of the month following attainment of age 60.
With less than 10 years of service, the member may leave contributions in the system for up to five years. If the member has not returned to employment as a participating member, the account will be terminated and contributions plus any refundable accrued interest will be payable to the member.
The member may withdraw all retirement contributions and refundable interest. Member contributions are only refunded at the request of the member upon termination of employment and application for refund. To request a refund complete RSA Form 7, Notice of Final Deposit and Request for Refund and send to the Payroll & Employee Benefits Office. Refunds may be subject to a federal tax penalty.

Tax Deferred Annuities Plan 403(b) and Deferred Compensation Plan 457(b)
Withdrawn contributions which were made on a tax deferred basis will be considered taxable income in the year in which they are received and, if you are younger than 59 1/2 years of age, the amount will be subject to a tax penalty.

Questions concerning withdrawal of funds or retirement income should be directed to the contacts listed below:

Fidelity Investments	Salvatore Bria	770-580-9998
Lincoln Financial Group	Che' Bailey	866-489-4821
TIAA-CREF	Jim Hogan	800-842-2003 x 263508
VALIC	Cindy Haynes Brian Ledbetter	334-444-1533 334-444-7874

Payroll & Employee Benefits
212 Ingram Hall Auburn University, AL 36849 Phone 334-844-4183 Fax 334-844-1799