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Indiana University
Benefits Change Connection

Separation from IU Employment

Upon separation of IU employment, 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:

  1. Read the booklet, Participant Rights and Responsibilities Upon Transfer or Termination.
  2. Note: If you are retiring from IU employment with Retiree Status, go directly to the Retiree section of this booklet.

  3. Familiarize yourself with the opportunities available to you after your participation ceases.
  4. 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.


Benefit Plan Opportunity
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; full accumulated value is retained; cash-out or transfer is permitted but not required
IUSERP IU contributions will cease.  If vested, participant must take a complete distribution or roll over account from plan.  If not vested, plan account will be forfeited.
IU 457(b) Retirement Plan Ability to contribute ceases; full accumulated value is retained; cash-out or transfer is permitted but not required
IU Tax Deferred Account (formerly Tax Deferred Annuity Plan) Ability to contribute ceases; full accumulated value is retained; cash-out or transfer is permitted but not required
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
Separation Pay Separation pay at the employee's regular rate of pay for certain time-off accruals.
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