Action Items Checklist
- Notify your supervisor. Exempt employees should give four weeks notice and non-exempt employees should give two weeks notice.
- Decide whether you want to continue your health, dental, vision, Flexible Spending Account or Health Reimbursement Account, if applicable, on a self-pay basis through COBRA. You will receive a COBRA packet from the COBRA Administrator, Benefit Express. You must complete the enrollment form and return it to Benefit Express by the deadline specified in your packet. If you do not submit a completed enrollment form by the specified date, you will lose your right to elect continued coverage.
- Contact your investment company (or companies) if you wish to request a distribution or rollover of your money in the Vanderbilt Retirement Plan. For details, please see "Retirement Benefits" below.
- If you will be moving, please notify Human Resources of your change of address. Log in to Oracle Cloud to access and edit your personal information. You need a VUnetID and Password to use Oracle Cloud. If you no longer have a VUnetID, contact Human Resources.
- Return any Vanderbilt property to your departmental administrator on your last day of work.
Health, Dental, Vision Coverage
- Your health, dental and vision coverage ends on the last day of the month in which you leave Vanderbilt.
- You may choose to continue your health, dental and/or vision coverage on a self-pay basis through COBRA for up to 18 months. You have 60 days to elect COBRA coverage from the date of your COBRA-qualifying event. Initial payment is required within 45 days of election date in order for benefits to be provided under COBRA.
- A letter of credible coverage will be mailed to health plan participants after your coverage ends.
Flexible Spending Account (FSA)
- Your contributions to your FSAs stop with your last paycheck (unless you are eligible and elect to continue contributions to your FSA under COBRA).
- You can submit claims for expenses that you incurred on or prior to your last day of employment.
- Claims are due by April 15, following the Plan Year of participation. You can file claims for eligible expenses incurred while you were in an eligible employment status by the filing deadline. You can still use the Flexible Spending Account Reimbursement Request Form and submit your claims to Benefit Express by the deadline of the run-out period, which is April 15. To obtain claim forms and review your balance you must register at myfsaexpress.com . For tips on registering click here .
- If you have a Visa for the Health Care Flexible Spending Account or Health Reimbursement Account, you must destroy the card and NOT use it past your termination date. You can file claims for eligible expenses incurred while you were in an eligible employment status by the filing deadline. If you use the Visa past your end of employment date, you are responsible to repay those charges. See the Summary Plan Description for more information.
Health Reimbursement Account
- HRA funds must be used on or before your termination date, however you have until the following April to submit those claims for reimbursement. For more information visit the Health Reimbursement Account page.
Limited Purpose Reimbursement Account
- LPHRA funds must be used on or before your termination date, however you have until the following April to submit those claims for reimbursement.
You may request a distribution or rollover of any or all of your Vanderbilt retirement funds at any time after you leave Vanderbilt or you may choose to leave your retirement funds with your investment companies. Effective October 15, 2015, Vanderbilt requires most former employees with balances less than $1,000 in the Vanderbilt University 403(b) Retirement Plan to roll their savings over to another plan or account, or take the balance as a distribution. Click here to learn more.
You may contact your investment company to make an appointment to discuss the details of your account. These representatives will be able to view your account information and discuss your future distribution options with you.
To request a distribution or rollover:
- Contact your investment company(ies) to request the appropriate form(s):
- Fidelity at 800.642.7131 (once completed, send forms directly to Fidelity)
- TIAA at 800.842.2776 (once completed, send forms directly to TIAA)
- VALIC/AIG at 800.448.2542 (once completed, send forms directly to VALIC/AIG to upload onto SponsorFit portal)
Your life insurance policy with MetLife ends on your last day of employment with Vanderbilt. If applicable, you might consider converting your Group Term Life within 31 days of your last day of employment. Contact Vanderbilt University Benefits Department (firstname.lastname@example.org) or/and contact MetLife toll-free by calling 800.GETMET8, for more information.
PTO: PTO is paid out at the end of employment when the employee leaves Vanderbilt. Any accrued PTO will be paid following the university central employee's last day of employment generally in the last paycheck; accrued PTO may not be paid when employment is ended for serious misconduct under the Progressive Discipline policy. Ending employment for serious misconduct and any decision regarding payment of accrued PTO time will be determined by Human Resources.
Legacy sick time is not paid out upon leaving Vanderbilt.