Termination of Employment

 
When terminating employment from the University of South Florida, an employee enrolled in any benefit program should contact their local Human Resource Benefits Office.

Insurance:

Employees that are enrolled in health, dental or vision insurance at the time of termination are eligible for COBRA coverage. Since premiums are paid a month in advance, the employee will still have coverage through the month following termination.

Once the termination is completed in GEMS and sent to People First, COBRA information will be sent to the home address the employee has on file with the University. To obtain COBRA coverage, the employee must complete the appropriate paperwork and return it to People First within the specified time frame.

Conversion policies are available for the following plans:

* State Basic Life and Optional Life Insurance through Prudential Life Insurance Company
* Life Insurance Policies through The Gabor Agency
* Disability Coverage or Personal Accident Coverage through Colonial Life & Accident Insurance Company
* Cancer Policies through AFLAC and/or Colonial Life & Accident Insurance Company
* Supplemental Hospital Plans through ALTA and/or The Gabor Agency
* Long Term Care through The Gabor Agency
* Medical Flexible Spending Account by contacting your local Human Resource Benefits Office


Retirement:

FRS Pension Plan: no action required

FRS Investment Plan: No action required. Employee will continue to receive annual statements. If employee has an address change or for any other changes after termination of employment, contact Ernst and Young at 1-866-446-9377.

Optional Retirement Program: No action required. Employee will continue to receive statements. If employee has an address change or for any other changes after termination of employment, contact the appropriate provider company.


Parking Services:

When an employee leaves/terminated employment at the University, parking permits must be returned to Parking Services for a pro-rated refund depending on the date the permit is returned.
 

Termination - Impact on Benefits