Termination

When you terminate employment, you may be eligible to continue or convert your benefits. Notify your department benefits office of your termination so that you will be provided with the appropriate forms.

If you are retiring, other provisions apply.

For detailed information about plans, premiums and plan administrators, see Employee Information.

Benefit Plans

Wisconsin Retirement System (WRS)

If you terminate all WRS covered employment before your minimum retirement age (age 55, or age 50 for those with Protective category WRS service) or before you are vested* in the WRS, you may either leave your money in the WRS to accumulate interest, or you may take a separation benefit. If you take a separation benefit, you will lose the employer contributions and interest, and you will lose your creditable service earned prior to the separation benefit.

If you are vested and wait until age 55 (age 50 for those with Protective category WRS service) you will be entitled to a retirement benefit based on the total value (employee and employer contributions) of your WRS account.

*Employees first covered by the WRS on or after July 1, 2011 must have five years of WRS creditable service to be vested. Employees covered by the WRS prior to July 1, 2011 are immediately vested.

To request a Separation Benefit, contact ETF.

State Group Health Insurance (SGH)

Coverage ends at the end of the month in which your employment terminates.

You may continue coverage by submitting a Continuation-Conversion notice to ETF within 60 days of your insurance coverage end date or the receipt of the continuation form, whichever is later. The Continuation-Conversion notice will be mailed to your home address. You are responsible for the entire premium; there is no employer contribution.

Health Savings Account (HSA)

If you are enrolled in a High Deductible Health Plan, you have an associated HSA. After you terminate employment, you may no longer contribute to your HSA. You may continue to use the funds to pay for qualified medical expenses.

At termination, you may move the HSA funds to another HSA or you may keep your account with TASC.

If you keep your account with TASC, you will be charged a monthly $3.00 maintenance fee that will be automatically deducted from your account.

Epic Benefits+

Coverage ends at the end of the month in which your employment terminates.

You may continue coverage by submitting a continuation form to Epic Life Insurance Company within 60 days of the coverage end date or the receipt of a continuation form, whichever is later. Continuation forms will be mailed to your home address.

Dental Wisconsin

Coverage ends at the end of the month in which your employment terminates.

You may continue coverage for 18 months by submitting a continuation form to Epic Life Insurance Company within 60 days of the coverage end date or the receipt of a continuation form, whichever is later. Continuation forms will be mailed to your home address.

VSP Vision Insurance (VSP)

Coverage ends at the end of the month in which your employment terminates.

You may continue coverage for 18 months by submitting a continuation form to VSP within 60 days of the coverage end date or the receipt of a continuation form, whichever is later. Continuation forms will be mailed to your home address.

State Group Life Insurance (SGL)

Coverage ends at the end of the month in which your employment terminates.

You may be eligible to either convert or continue coverage. If you continue coverage, you pay the same premiums that active employees pay. If you convert coverage to an individual policy, premiums may increase.

You are eligible to continue your group policy if:

In order to continue coverage, you must submit a continuation form to ETF within 31 days of your coverage end date.

You are eligible to convert your coverage to an individual policy if:

You may convert coverage to an individual whole life insurance plan by submitting a conversion form to Securian, the plan administrator, within 31 days of your coverage end date.

Individual and Family Life Insurance (I&F)

Coverage ends at the end of the month in which your employment terminates.

You may convert coverage to an individual whole life insurance plan by submitting a conversion form to Securian, the plan administrator, within 31 days of your coverage end date.

UW Employee’s Inc. Life Insurance

Coverage ends at the end of the month in which your employment terminates.

You may convert coverage to an individual whole life insurance plan by submitting a conversion form to Securian, the plan administrator, within 31 days of your coverage ends date.

University Insurance Association (UIA) Life Insurance

Coverage continues until September 30th following your termination date, provided the premium is paid through that date.

You may convert coverage to an individual whole life insurance plan by submitting a conversion form to Securian, the plan administrator, within 31 days of your coverage ends date.

Accidental Death and Dismemberment (AD&D) Insurance

Coverage ends at the end of the month in which your employment terminates.

You may convert to an individual policy by contacting Zurich American Insurance Company, the plan administrator, within 60 days of your coverage end date. Reference UW System Policy #GTU-8364005.

Income Continuation Insurance (ICI)

Coverage ends on the date your employment terminates. There is no option to continue or convert coverage.

Flexible Spending Account (FSA) - Health Care

You have the following options:

If you do not contribute your annual election amount, you may be reimbursed for expenses incurred through the end of the month in which your last paycheck is paid. Any expenses incurred after that date will not be reimbursed.

If you contribute your full annual election amount, you may continue to be reimbursed for expenses incurred through the end of the plan year (December 31).

If you have carryover funds from the prior plan year, but do not participate in the current plan year, your carryover ends at termination. Expenses must be incurred by your last day of employment.

Flexible Spending Account (FSA) - Dependent Care

You cannot continue dependent care contributions after your employment terminates. You may continue to request reimbursement for eligible expenses incurred from January 1 (or your FSA effective date) through the end of the month in which your last paycheck is paid until you exhaust your account or until the end of the plan year, whichever occurs first, even if you have not contributed your full annual election amount.

Tax Sheltered Annuity 403(b) Program (TSA)

Deductions will automatically end with your last paycheck. Contact your investment company for distribution options.

Wisconsin Deferred Compensation 457 Program (WDC)

Deductions will automatically end with your last paycheck. Contact Wisconsin Deferred Compensation for distribution options.

Long Term Care Insurance

Deductions will automatically end with your last paycheck. Contact your vendor for information.

Paid Leave

Any remaining vacation, personal holiday floating legal holiday or banked hours will be paid out to you. You may be able to use your remaining leave to extend your time on payroll with employer approval.

Sick leave is not paid out to you. Please refer to the Sick Leave Policy for information regarding reinstatement.

If you have 20 years of WRS creditable service, you are eligible to convert your sick leave to pay for health insurance in retirement.