|
Department of Human Resources
Frequently Asked Questions
Retirement/Resignation
Q: What do I need to
do in order to retire or resign from Wright State?
A: Employees who intend to retire should complete the
documentation required by the applicable retirement system and
provide notice of the date of retirement to their supervisor and the
Department of Human Resources. Classified employees who resign
should provide their resignation to their supervisor and the
Department of Human Resources at least two (2) weeks prior to their
separation. Unclassified employees who resign should provide their
resignation to their supervisor and the Department of Human
Resources 30 days prior to their separation, if possible.
hr_benefits@wright.edu
Q: If I leave the
university without retiring, how do I withdraw my contributions and
how much will I receive?
A: If you leave the university without retiring, you can
obtain contributions through your respective retirement system.
Members of the state retirement systems can only withdraw employee
contributions to the retirement systems for the first ten years of
participation. After ten years, members can withdraw both employee
and employer contributions.
hr_benefits@wright.edu
State
Teachers Retirement System of Ohio (STRS
Ohio Public
Employee Retirement System (OPERS)
Q: When can I withdraw
money from my state retirement plan?
A: An employee who is covered by a state retirement plan can
withdraw money from the plan upon retirement, or upon separation
from state service.
hr_benefits@wright.edu
State
Teachers Retirement System of Ohio (STRS
Ohio Public
Employee Retirement System (OPERS)
Q: How do I buy extra
service credit to add to my years of service for retirement?
A: Employees who have previous qualifying public service can
purchase service credit from their respective retirement system by
contacting the Department of Human Resources or their retirement
system.
hr_benefits@wright.edu
State
Teachers Retirement System of Ohio (STRS
Ohio Public
Employee Retirement System (OPERS)
Q: What are the phone
numbers for PERS and STRS?
A: The Ohio Public Employee Retirement System (OPERS) can be
contacted at 800-222-7377. The State Teachers Retirement System (STRS)
can be contacted at 888-227-7877.
hr_benefits@wright.edu
Q: Can I be paid for
my unused vacation and sick leave when I leave Wright State?
A: Except for special contract employees, when an employee
separates employment from the university with more than one year of
service will be paid their current vacation balance up to the
maximum accrual based upon their appointment type and length of
service. No employee can be paid above the maximum vacation
accrual. Employees who retire from state service are eligible to be
paid one fourth (1/4) of their current sick leave accrual up to 240
hours upon retirement.
hr_benefits@wright.edu
Wright Way Policy - Vacation
Wright Way Policy - Sick Leave
Q: Can I continue my
medical insurance after I leave Wright State?
A: Yes, employees who separate employment are eligible to
continue health insurance under the Consolidated Omnibus Budget
Reconciliation Act (COBRA) of 1985.
hr_benefits@wright.edu
Q: How long do I have
to wait after retirement in order to work again for an Ohio public
employer?
A: One day. However, state retirement systems provide that
employees who return to work within two (2) months after retirement
may forfeit retirement benefits.
hr_benefits@wright.edu
State
Teachers Retirement System of Ohio (STRS
Ohio Public
Employee Retirement System (OPERS)
Q: If I resign, can I
later be reinstated?
A: Classified employees who resign can be reinstated at the
discretion of the Appointing Authority. The Appointing Authority's
decision will be based upon the recommendation of the supervisor
and/or departmental management.
human_resources@wright.edu
|