Final Pay
Full-time employees will be paid for their time worked up until their separation date. If the separation date falls in the middle of the pay period, the final payment will be prorated to reflect that.
If the employee is eligible for a payout of their leave balance, that payment will be made on the paycheck following the final regular paycheck.
Benefits
Health Insurance and VRS benefits will continue through the end of the month following the separation date. For example, if an employee separates on July 8th, benefits coverage will continue through July 31st.
Healthcare, VRS, Optional Group Life Insurance, Flexible Spending Accounts and Miscellaneous Insurance plans are considered to be monthly contributions/deductions. If the separation date occurs in the first pay period of the month (25th through 9th), contributions/deductions for these plans will be doubled to ensure payment for the full month of coverage.
If you are enrolled in Health Insurance coverage, COBRA information containing healthcare continuation and premium information will be mailed to your home address.
If you are a member of VRS, you may contact them directly at (888) 827-3847 to obtain information on your retirement plan or to request a refund of your own contributions.
If you are enrolled in Optional Group Life Insurance coverage and want this coverage to continue, you will need to contact Securian Financial directly at (800) 441-2258.