Current Employees
You will be leaving The University of Toledo 鈥� the following will help you manage the transition.听 If you are retiring from The University of Toledo, please see the section on Retirement.
Types of Separation
Resignation or Retirement
A resignation or retirement separation means that you are leaving the university by
choice.
Involuntary
An involuntary separation for classified employees are due to disciplinary actions,
abolishment or layoffs.听 An involuntary separation for an unclassified employee, unless
an unclassified employee is appointed pursuant to a contract stating a definite term
of employment, unclassified employees serve at the will of an appointing authority.
Further information can be found in our
Separation Documents
Vacation and Sick Leave Payouts
Any eligible payment for unused accrued vacation will be paid out according to University policy and will be processed within twenty-eight (28) days of last regular pay.听 Sick time is only paid out upon retirement, and is paid out based on University policy. For all other separation reasons, sick time will remain on record for a period of up to 10 years and can be transferred to other state agencies.听听Refer to policy.
Benefit Details
University Medical, Dental and Vision Plans
If you are a current participant in one of the Health Plans, this coverage will continue
through the end of the month in which you end employment.听 University medical, dental
and vision plans may be continued in accordance with COBRA, which generally allows
for coverage continuation for 18 months beyond the separation date at the expense
of the employee.
Life and Accidental Death and Dismemberment Insurance
If you have life insurance and/or dependent life insurance coverage, this coverage will end on the effective date of your separation from employment.听 You may apply to the insurance company directly to convert this policy however you must apply in writing and pay the first premium to the insurer within thirty-one (31) days of the effective date of your separation.
Long Term Disability
Coverage ends on the effective date of your separation from employment
Retirement Plan/s (refer to our Retirement Page for further information)
- Ohio Public Employees Retirement System (OPERS):听 You have several options that you will want to discuss with an OPERS representative at 1-800-222-7377.
- Alternative Retirement Plan:听 you may contact your carrier directly for options.
Supplemental Retirement/Tax-Deferred Annuities (403b, 457)
The employee contributions will cease with your last regular pay.听 You will need to
check directly with the financial institution regarding distribution options.
Other Deductions & Services
If your pay statement shows deductions for loan payments, child support, etc., contact your appropriate source to make arrangements for payment.
Employees should directly contact the following areas to return any material and/or pay any outstanding fines:
- Library
- Rocket Wireless
- Accounts Payable
- University Rec Center
Employees should directly contact the following areas to continue using their services:听
- University of Toledo Federal Credit Union
- University of Toledo Medical Center
You will be leaving The University of Toledo 鈥� the following will help you manage the transition.听 If you are retiring from The University of Toledo, please听see the section on Retirement.
Types of Separation
Resignation or Retirement
A resignation or retirement separation means that you are leaving the university by
choice.
Involuntary
An involuntary separation for classified employees are due to disciplinary actions,
abolishment or layoffs.听 An involuntary separation for an unclassified employee, unless
an unclassified employee is appointed pursuant to a contract stating a definite term
of employment, unclassified employees serve at the will of an appointing authority.
Further information can be found in our
Separation Documents
Vacation and Sick Leave Payouts
Any eligible payment for unused accrued vacation will be paid out according to University policy and will be processed within twenty-eight (28) days of last regular pay.听 Sick time is only paid out upon retirement, and is paid out based on University policy. For all other separation reasons, sick time will remain on record for a period of up to 10 years and can be transferred to other state agencies.听听Refer to policy.
Benefit Details
University Medical, Dental and Vision Plans
If you are a current participant in any of the Health Plans, this coverage will continue
through the end of the month in which you end employment. 听University medical, dental
and vision plans may be continued in accordance with COBRA, which generally allows
for coverage continuation for up to 18 months beyond the coverage end date at the
expense of the employee.
- 9-Month Faculty: 听If your separation date is in May, your active benefit coverage will extend through July 31 of the year you separate.
- 12-Month Faculty: 听Your active benefit coverage will end the last day of the month in which your separation occurs.
Life and Accidental Death and Dismemberment Insurance
If you have life insurance and/or dependent life insurance coverage, this coverage will end on the effective date of your separation from employment.听 You may apply to the insurance company directly to convert this policy however you must apply in writing and pay the first premium to the insurer within thirty-one (31) days of the effective date of your separation.
Long Term Disability
Coverage ends on the effective date of your separation from employment
Retirement Plan/s (refer to our Retirement Page for further information)
- State Teachers Retirement System of Ohio (STRS): You have several options that you will want to discuss with a STRS representative at 888鈥�227鈥�7877.
- Alternative Retirement Plan:听 you may contact your carrier directly for options.
Supplemental Retirement/Tax-Deferred Annuities (403b, 457)
The employee contributions will cease with your last regular pay.听 You will need to
check directly with the financial institution regarding distribution options.
Other Paycheck Deductions
If your pay statement shows deductions for loan payments, child support, etc., contact
your appropriate source to make arrangements for payment.
Other Deductions & Services
If your pay statement shows deductions for loan payments, child support, etc., contact your appropriate source to make arrangements for payment.
Employees should directly contact the following areas to return any material and/or pay any outstanding fines:
- Library
- Rocket Wireless
- Accounts Payable
- University Rec Center
Employees should directly contact the following areas to continue using their services:听
- University of Toledo Federal Credit Union
- University of Toledo Medical Center