Comparison Chart

Comparison Chart
VSP III Option Will My Employer Retirement Contribution continue? Will I Receive A Lump Sum Payout? Will My Current Salary continue? Can I be Rehired? Active Employee Health Insurance (H.I.) Retiree Health Insurance (H.I.)
Title F Leave six months
Plus
50% base salary lump sum payment
Yes-during your Title F Leave

No retirement contribution on the lump sum payment.
Yes-At the end of your Title F Leave Yes during your Title F Leave. It will end at the expiration of the Title F Leave No Yes-regular H.I. continues during your Title F Leave After Title F Leave ends retiree will be eligible for Retiree Health Insurance.
Title F Leave six months
&
Reappointment up to 2 years, 30K limit per year
Yes-during your Title F Leave

*Contributions will not continue after retirement or during reappointment period.
No Yes during your Title F Leave. It will end at the expiration of the Title F Leave Yes for up to 2 years Yes-regular H.I. continues during your Title F Leave After Title F Leave ends retiree will be eligible for Retiree Health Insurance.
Title F Leave for twelve (12) months

(12 month & GFT)
Yes-during your Title F Leave No Yes during your Title F Leave. It will end at the expiration of the Title F Leave No Yes-regular H.I. continues during your Title F Leave After Title F Leave ends retiree will be eligible for Retiree Health Insurance.
Lump sum payment Retirement/Resignation

Must Resign or Retire by December 31, 2011
No retirement contribution on the lump sum payment. Yes No No Your active H.I. will end 28 days from the last period in which you work If eligible you will receive your Retiree Health Insurance.