Home > Voluntary Separation Program Phase III - Faculty > 12 Month > Comparison Chart
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. |
