When terminating or resigning from the university, supervisors and employees should discuss the procedures for leaving the university. Contact HR if you have questions about leaving the university or changes in benefits. If you're resigning, submit a signed letter of resignation that includes the date of your last workday to your department.
PTO payouts are based on university FTE which is tied to base pay only. In cases of termination or retirement, no payment will be made for hours remaining in the ESL account.
When you leave the university, your Paid Time Off (PTO) balance will be paid to you up to your maximum annual accrual amount. If you have additional accrued PTO above this amount, you may want to consider donating it to the Shared Leave Program. Any PTO donations to the Shared Leave Program must be approved prior to your resignation or termination and could decrease the amount of your PTO payout.
When terminating or resigning from the university, supervisors and employees should discuss the procedures for leaving the university. Please contact HR if you have questions about leaving the university or changes in benefits.
If an employee terminates on the first day of the month, all insurance coverage ends at midnight. If an employee terminates after the first day of the month, all insurance coverage ends at midnight on the last day of the month in which the individual's employment terminates. A Certificate of Coverage will be mailed to the employee's home address by the insurance company after coverage ends.
Once terminated, eligible employees and covered dependents qualify for continued coverage through COBRA continuation coverage.
Employees will be paid their paid time off leave balances up to their annual accrual amount. Extended sick leave balances are not paid when an employee leaves OU.
If you end employment and you have unspent money in your Healthcare Flexible Spending Account (FSA), you can claim reimbursement only for service dates up to the last day of your termination month.
You can protect your unspent balance by extending your Healthcare Flexible Spending Account through COBRA and continuing your contributions through the end of the calendar year. If you elect to continue your Healthcare Flexible Spending Account through COBRA, the plan will terminate at the end of the current calendar year subject to the same service deadline and claims filing deadline as the active employee plan.
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