Will I receive a payout for my sick leave once I retire? If you are over the age of 55, you are eligible to receive a payout of your unused sick leave. 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.
What happens to my health and dental insurance after I retire? 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. 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.
When will my health and dental coverage end when I retire? Coverage will end on the last day of the retirement month.
What happens if I retire and then return to work at the University? You may only retire once from the University.
If I don't elect to continue health or dental coverage at the time of retirement, can I enroll later? If you discontinue either the health or dental plan, you cannot enroll later.
