Human Resource Services

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The 2022 Benefits Open Enrollment period is Monday, November 1 through Tuesday, November 30, 2021. For more information and to enroll in a 2022 FSA please visit the Open Enrollment website.

Any enrollment changes you make will take effect January 1, 2022.

Retire From UNI

Retire From UNI

Administered by Human Resource Services

UNI is thankful for the years of service provided by eligible retirees and is proud to provide continued benefit options to assist in a smooth transition to retirement. Contact HRS Benefits at hrs-benefits@uni.edu or call 319-273-2423 for questions or to set up a meeting regarding retirement benefits.

Retirement Eligibility

Employees must be 55 years of age or older and have 10 or more years of non-temporary, active service.

  • 55 Age Minimum Age
  • 10 Years Non-temporary UNI Service

Date of Retirement

Staff

Staff must retire on a working day (non-holiday) and must work on their last day of employment. Staff may not use vacation on their last day or use vacation to extend their retirement date.

Wood filled office desk with monthly calendar with the date of the 12th circled in red

You must work the last day.

Large amounts of vacation cannot be used to extend your retirement date.

Faculty

Faculty retiring at the end of the fall semester will normally use a December 31 retirement date. For spring retirements, faculty will normally use a June 1 retirement date.

  • Summer and Winter Appointments*

    If a faculty member is retiring following a summer or winter appointment that is for teaching specifically, a retirement date of 3 business days after the end of the summer appointment should be used to allow for 3 days for grading (e.g. faculty member SMR appointment is for teaching the July session that ends July 30, the retirement date would be three business days following the end of the summer appointment).

    For faculty summer or winter appointments that are not for teaching, the retirement date would coincide with the last date that the activity ends (e.g. A faculty member is assisting with summer internships that ends on August 5, the retirement date would be August 5).

*Faculty entered in a phased agreement must retire at the end of their agreement. Employees who have resigned or retired cannot be rehired prior to the beginning of the next pay period following their termination date.

Notice of Retirement

Staff are asked to provide 30 days notice of retirement. Faculty are asked to notify their department head and/or dean before class assignments are made for the upcoming semester. A retirement letter should be provided to your supervisor/department head, and a copy provided to Human Resource Services. The letter should be dated, provide a date of retirement, and signed. If the retirement letter is in email it should be sent from the employee’s uni.edu email address. It can be emailed to hrs-benefits@uni.edu or mailed to 27 Gilchrist Hall, 0034.

  • 1Prepare It

    @UNI Email or Letter Staff 30 days advance Faculty before next semester assignments
  • 2Review It

    Remember Retirement Date
  • 3Send It

    Department Human Resource Services hrs-benefits@uni.edu

Phased Retirement

Faculty and Staff that have entered a phased retirement agreement must retire at the end of their phased retirement agreement. No additional notice is required unless the faculty or staff member wishes to end their phased retirement agreement early. In this case a retirement letter will be required.

Emeritus Status

Administrators, Faculty and P&S employees who have a minimum of 20 years of creditable full-time or part-time service in higher education including a minimum accumulation of 10 years of service at the University of Northern Iowa may apply for Emeritus Status. Faculty must have at least 10 years of meritorious service at UNI.

*Interested Faculty and Staff should complete the form once eligible and when a retirement date has been established. Status completion is subject to all levels of approval and may require several months to complete.

Vacation and Sick Leave Payout

Vacation

All accrued vacation is paid out in full, with the total hours of accrual multiplied by the hourly wage.

You will receive a payout for all accrued vacation.

Taxes and TIAA contributions will be withheld. IPERS contributions are not.

$

Payout may be the month following the final paycheck.

Sick Leave

Sick leave is paid out to a maximum of $2000 per Iowa Code, with the total hours of accrual multiplied by the hourly wage. Both vacation and sick leave payouts are typically made with the final paycheck. However, it may need to be payed out the month following retirement depending on the retirement date, form completion, and processed timecards.

$2,000
$0 Taxes and TIAA contributions will be withheld, IPERS contributions are not.

Employer Paid Benefits Coverage

Employer paid coverage for health, dental, and vision will end the last day of the month in which you are retiring. Contributions to the university sponsored TIAA retirement plan will cease upon final payouts. Employer paid life and long term disability Insurance will end on the last day worked. New health, dental, and/or Medicare and Medicare supplements should begin on the first day following the month in which the employee retirees.

  • Faculty
    December 31 Or June 30 (Typically)
  • Staff
    End of retirement month

Retirement Benefits Options

Health Insurance Options Age
55 - 64
Age
65+
UNI Comprehensive Health Insurance Plans Yes Yes
Healthcare.gov Yes No
Spouse/Domestic Partner's Health Plan Yes Yes
Medicare Supplement & Medicare Part D No Yes
Medicare Advantage No Yes
Wellmark Blue Cross Blue Shield Medicare Group Program F No Yes
Group Prescription Drug Plan No Yes

Dental Insurance Coverage

Delta Dental of Iowa Logo

Same plan, you pay for the full cost of the premiums.

Includes the DeltaVision® discount program.

Vision Through Delta Dental

Retirees enrolled in Delta Dental of Iowa are automatically eligible for the vision discount program through DeltaVision® at no extra cost. A list of participating providers may be found at deltadentalia.com. You may also ask providers whether they have a participating agreement with Delta Dental, or contact Delta Dental at (800) 544-0718 to inquire about the status of specific providers.

Additional Health Care Options Before 65

Retirees that decide to waive coverage through UNI may continue coverage through a spouse/domestic partner’s health plan. Enrollment in plans through healthcare.gov is another additional option. Retirees may also choose to work with an insurance broker to obtain and purchase additional coverage options.

Health Insurance Options Retired Age 55-64

  • $ h
    o
    p
  • UNI Insurance You pay for the full cost of the premiums. Includes prescription drug coverage and one eye exam per year.
    A
  • Government Marketplace
    B
  • Spouse/DP's Health Plan
    C

Medicare in Retirement

Retirees age 65 and older will need to enroll in Medicare Part A (if not already enrolled) and Part B. To enroll in Part B without penalty, retirees should work with Human Resource Services in completing an application and affidavit using Social Security form number CMS-L564. Human Resource Services must sign the affidavit. Medicare becomes your primary insurance in retirement, and retirees maintaining a UNI Comprehensive Health Insurance Plan will experience a premium reduction.

Health Insurance Options: Option 1 Age 65+

Coverage is similar to Medicare Supplement Insurance (Medigap)

  • Medicare
    Part A person in hospital bed getting treatmentHospital
    Coverage
  • +
  • Medicare
    Part B medial care kitMedical
    Coverage
  • +
  • UNI
    Insurance Unversity of Nothern Iowa logoComprehensive Coverage
  1. Primary
    Medicare will become the primary payer on all claims
  2. Secondary
    UNI will pay secondary on all claims

Medicare Supplement Options

*An enrollment form is required for each individual enrolling. A spouse or domestic partner wishing to enroll would need to complete a separate enrollment form.

Health Insurance Options: Option 2 Age 65+

Combination of Medicare parts and a prescription drug plan.

  • Medicare
    Part A Figure lying on a hospital bedHospital
    Coverage
  • +
  • Medicare
    Part B Medical kit with handleMedical
    Coverage
  • +
  • UNI
    Supplement Bandages forming an x shapeMedicare Group Program F
  • +
  • Part D Or Group Prescription Plan Two pills next to eachotherPrescription
    Coverage
  1. Primary
    Medicare will become the primary payer on all claims
  2. Secondary
    Supplemental will pay secondary on all claims

Health Insurance Options: Option 3 Age 65+

Combination of all Medicare parts and helps pay for copayments, coinsurance, and deductibles.

  • Medicare
    Part A Figure lying on a hospital bedHospital
    Coverage
  • +
  • Medicare
    Part B Medical kit with handleMedical
    Coverage
  • +
  • Supplement
    Plan Bandages forming an x shapeMedigap
    Coverage
  • +
  • Part D Two pills next to eachotherPrescription
    Coverage
  1. Primary
    Medicare will become the primary payer on all claims
  2. Secondary
    Supplemental will pay secondary on all claims

Health Insurance Options: Option 4 Age 65+

Medicare Advantage

A type of Medicare health plan offered by a private company that provides all of your Part A and Part B benefits.

Most Medicare Advantage Plans offer prescription drug coverage.

Medigap policies can't work with Medicare Advantage Plans.

Health Insurance

Plan Comparison
Considerations

  • Premiums
  • Network
  • Deductibles
  • Co-pays
  • Coinsurance
  • Prescription Drug Costs
  • Maximum
    Out-of-Pocket
  • Maximum Out-of-Pocket costs for prescriptions

Life Insurance

  • Once retired, life insurance coverage ends the day following retirement. Life Insurance may be ported (continuing a term life policy to age 70) or converted (continuing a universal life policy) from a group term life insurance coverage to an individual policy.

  • Important Resources

    • Call For questions on Portability: 800-986-3343 x76398.
    • Call For questions on Conversion: 800-986-3343 x79994.

Continuation of Coverage

Option to continue Term Life or Universal Life Policy with no medical questions.

COBRA

UNI is required under federal law to offer covered employees and their covered family members the opportunity to temporarily extend group coverage of health, dental, vision, and health care flexible spending accounts.

Ending Coverage

Employees may end UNI comprehensive coverage for health, dental, Group Program F, or Group Prescription Drug coverage at any time. Waived coverage will end the last day of the month you are ending coverage. New coverage should be effective the first day of the following the month in which the coverage ended. Once coverage is ended you may not re-enroll at a later date. If you end coverage, coverage on spouses and dependents will end at the same time.

Retiree Contact Information

Please keep your personal contact information up-to-date with Human Resource Services. All information regarding your benefits will always be sent to the last known address we have on file.

Returning to Work

If a retiree returns and is eligible for benefits, they can either:

  1. Select the active employee benefits and waive retiree coverage
    or
  2. Waive the active employee benefits and continue with the retiree benefits.

An employee can only retire from UNI once. Once the retiree coverage has been waived, the retiree cannot re-enroll in retirement coverage.

  • TIAA

    If a retiree returns to work at UNI and previously participated in TIAA, they cannot return in a TIAA eligible position and receive distributions. Therefore, even if the employee is now participating in IPERS, they cannot hold a non-temporary appointment of half-time or greater, and earn an annual salary of $7,800 or more at the university and receive TIAA distributions.

    IPERS

    If a new employee has retired and previously participated in IPERS at UNI or another state agency, they cannot receive IPERS distributions if they earn an annual salary of $30,000 or more at any state agency. It is necessary to establish a clear separation from IPERS-covered employment after retirement. This includes not allowing a retired member from becoming an independent contractor for their former IPERS-covered employers during a bona fide retirement period. For more information on retirement restrictions with IPERS members returning to work, please visit the IPERS website.

    IPERS Update Effective July 1, 2018

    An employee may not return to work as an independent contractor during the bona fide retirement period (the first four months the employee receives an IPERS retirement benefit payment). Also, the employee may not enter into a written or oral agreement to perform services as an independent contractor until at least one benefit payment has been received from IPERS.

Important Resources

Your Insurance Plan Contacts in Retirement

Wellmark Blue Cross and Blue Shield

Delta Dental

Retire From UNI Next Steps

Learn more about steps to guide you one year, months prior, and days leading up to your retirement date.

Frequently Asked Questions

  1. 1Q: Will I receive a payout for my sick leave once I retire?

    1A: Per Iowa Code, if you are over the age of 55, you are eligible to receive a payout of your unused sick leave up to a maximum of $2,000. The total payout will be the number of hours accrued on the date of retirement multiplied by the hourly wage rate up to a maximum of $2,000.

  2. 2Q: What happens to my health and dental insurance after I retire?

    2A: If you are age 55 of over when you retire, you will be able to continue your health and dental insurance for life, if you choose. Currently the surviving spouse of a UNI retiree is allowed to continue coverage unless they are eligible for another employer group plan. You are responsible for the full premium payment to Wellmark and/or Delta Dental.

  3. 3Q: When will my employer paid health and dental coverage end when I retire?

    3A: Coverage will end on the last day of the retirement month.

  4. 4Q: What happens if I retire and then return to work at the university?

    4A: You may only retire once from the university.

  5. 5Q: If I don't elect to continue health or dental coverage at the time of retirement, can I enroll later?

    5A: If you discontinue (waive) either the health or dental plan, you cannot enroll later.

  6. 6Q: Do I have to wait until I am retired to apply for Emeritus status?

    6A: No, you can apply once you are eligible and know your retirement date. Emeritus status will not be added to your UNI record until you have a separation of employment (e.g. retirement).

  7. 7Q: Am I required to include a letter of recommendation to apply for Emeritus status?

    7A: A letter of recommendation is not required. Faculty may choose to include a letter of recommendation that would be reviewed by the Faculty Senate.

  8. 8Q: If I elect to maintain UNI comprehensive coverage, can I change coverage to Program F?

    8A: Retirees 65 and older may elect to change to Program F during open enrollment. They may also elect to change during a qualifying life event (e.g. change in eligibility due to recently turning 65).

  9. 9Q: If I waive UNI comprehensive coverage when I retire can I later enroll in the Program F?

    9A: Retirees must continue UNI comprehensive coverage when you retire or enroll in the Program F to maintain coverage with UNI. Once coverage is waived you can not later re-enroll in either comprehensive or Program F.

  10. 10Q: How will I receive my final payslip after I retire?

    10A: Your final payslip will be mailed out to the address that we have on record for you.

  11. 11Q: How will I receive my W2 and/1095C (if applicable)?

    11A: These documents will be mailed to the address on file once they are updated and become available.

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