Being impacted by a layoff can feel overwhelming and unexpected. This site will provide you with resources that can help you toward your next stop on your career journey.
If your employment at Rutgers is terminated, you will need to consider important information about:
- Continuing Health Insurance Coverage
- Continuing Life Insurance Coverage
- Long Term Disability Insurance Coverage
- Managing Retirement Accounts
- Paid Time Off
- Claiming Unemployment Benefits/Form BC-10
- When an Employee Leaves Rutgers
- Counseling Services & Resources
- Credit Union Membership
Continuation Health Insurance Coverage
Effective January 2, 2020: Medical, dental and prescription drug coverage will terminate at the end of the month the termination of employment occurs. Example: employment termination date is January 29th, insurance coverage will end on January 31st. University Human Resources will send COBRA information when notified of employment termination.
Continuation Life Insurance Coverage
Life insurance coverage continues for 31 days after termination of employment date Conversion without medical exam is available and the application for conversion must be submitted within 31 days of termination of employment.
Long Term Disability Insurance Coverage
PERS/PFRS/Federal Retirement Plans:
- UNUM - Voluntary Long Term Disability Insurance is available for members of PERS/PFRS in Administrative, Professional, or Supervisory titles and members of the Federal Retirement Systems:
- Coverage ends on the date of termination.
- A conversion privilege, without medical exam, is available and an application for conversion is required within 31 days of termination of coverage.
- Long term disability coverage ends on the date of termination
- No conversion privilege
Managing Retirement Accounts
- If you have more than ten years of service and are vested, you may apply for deferred retirement.
- If you lose your job through no fault of your own, you may leave the account open for up to ten years. Contact the Division of Pensions and Benefits at 609-292-7524 for more information.
- If you have less than ten years of pension service, you may leave your account open for up to two years.
- You have the option of withdrawing your pension contributions and ending pension membership. To do so, complete an Application for Withdrawal.
- If you are vested, you do not have to withdraw funds until you are age 70-1/2.
- If you are vested and choose to withdraw funds, you are considered retired and may not enroll in a New Jersey State pension plan again.
- If you have participated in ABP for less than twelve months, you will receive only your own contributions and earnings, but will not receive Rutgers’ contributions.
Contact your state-authorized investment carrier for more information:
|AIG (formerly VALIC)||1-800-448-2542|
Paid Time Off
Any unused vacation days, including days accrued, will be paid at the time of termination. Unused sick leave, AL, ML, and PH days will not be paid at termination. Paid-Time Off At Separation Calculation Report Available. These reports can be provided to anyone separating from the University.
Employees or ARS administrators may request a projection of available paid time off to be earned and/or paid prior to separation of employment. Please provide the following information in an email request to ARS@HR.RUTGERS.EDU:
- Full Employee Name and email address
- Department or Unit (also OrgID, if known)
- Projected Date of Separation
- Any future planned scheduled time off prior to separation
- ARS administrator name and email address
All requests should be made prior to the employee’s last day of attendance, and at least 1 calendar month prior to separation date. A summary report will be provided to the requestor within 7 days.
Credit Union Membership
Notify the Rutgers Federal Credit Union in writing of your change of status, providing updated address information. For additional assistance, contact the Rutgers Federal Credit Union.
In order to assist you in establishing a smooth transition from workforce to retirement, University Human Resources (UHR) has prepared the following checklist which may be used in planning for your retirement. Please note that the information presented below is intended for illustrative purposes only, and you should check with your department supervisor and divisional/departmental policies to determine if any other special requirements may exist Please note: This checklist will reset each time you visit the page. For a printable Adobe PDF copy of the checklist, clear here.