Benefits Change Connection
Transfer to Position Not Eligible for Benefits
Upon transfer to an ineligible employment class or position, employees are no longer eligible to actively participate in the benefit plans listed below. However, participants in these plans have certain rights and privileges.
To take advantage of any residual value the benefit plans may provide, you will need to:
- Read the booklet, Participant Rights and Responsibilities Upon Transfer or Termination.
- Familiarize yourself with the opportunities available to you after your participation ceases.
- Follow-up on required actions described in the booklet sections titled "Participant Responsibilities."
Customer contacts are listed in Participant Rights and Responsibilities Upon Transfer or Termination booklet.
|Basic Life Insurance||Coverage may be converted to an individual policy by employee or dependent|
|IU Tuition Benefit (formerly Fee Courtesy)||Participant may complete coursework for a semester/session|
|IU Retirement Plan (all levels)||IU contributions cease; contributions remain invested|
|IUSERP||IU contributions will cease. If vested, continue to monitor investment of plan account. If not vested, plan account will be forfeited.|
|IU 457(b) Retirement Plan||IU contributions cease; contributions remain invested|
|IU Tax Deferred Account (formerly Tax Deferred Annuity Plan)||Ability to contribute ceases; contributions remain invested|
|Long-term Disability (LTD)||Employee may purchase insurance under a conversion policy|
|Medical plan||Employees and covered dependents may temporarily extend their coverage at group rates (COBRA)|
|PERF||IU contributions cease; participation continues if Annuity Savings Account balance remains invested|
|Personal Accident Insurance (PAI)||Insurance may be converted to an individual policy by employee, and in some cases a dependent|
|Supplemental Life Insurance||Coverage may be converted to an individual policy by employee or dependent|
|Tax Saver Benefit (TSB) plan||Possible reimbursement for health and dependent care expenses|
|Time off Accruals||Time off accruals can be granted, paid, or transferred. See the specific time off policy (vacation, income protection, sick leave, PTO) for your employee group.|