To take advantage of any residual value the benefit plans may provide, you will need to:
Customer contacts are listed in each plan description. You may also direct your questions to a campus Human Resources office.
| Benefit Plan |
Opportunity |
| Basic Life Insurance |
Coverage may be converted to an individual policy by employee or dependent |
| 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 Retirement Savings Plan |
Ability to contribute ceases; full accumulated value is retained; cash-out or transfer is permitted but not required |
| IU 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 |
