RIF and Non-Renewal Benefits Information
Continuation of Benefits
Three-Month Health and Life Insurance ExtensionEmployees whose employment with WVU is being terminated involuntarily may be eligible for a three-month extension of their PEIA health and life insurance benefits (if applicable) at their current employee premium rate beyond their termination date. Employees who would like to opt into this extension of benefits must complete the "RIF and Non-Renewal Benefits Form" linked in their RIF or non-renewal letter by the date listed in the letter to be eligible for these benefits. Failure to complete and submit this form or otherwise contact Benefits Strategy may result in loss of continued health insurance.
Sick and Annual Leave
Upon separation from WVU, employees have two options to receive payment for unused annual leave:
Option 1: Receive a lump sum payment of the salary value of any unused accrued annual leave. There is no 401(a) retirement contribution with this option.Option 2: Remain on payroll beyond the last physical day of employment to exhaust the value of any remaining annual leave. This option does allow for retirement contributions into the employee's 401(a) account. Note that employees selecting this option are not eligible to receive additional leave accruals, holiday pay or any other type of paid leave during the exhaustion period.
Mandatory 401(a) and Supplemental 403(b) and 457(b) Accounts
401(a) retirement account funds and any supplemental WVU retirement accounts are fully vested. Once the employee's last contribution is made to their retirement vendor by WVU, employees have several options for handling their account(s):
Option 1: Leave the account(s) alone. The funds in the 401(a) would continue to reflect market conditions based on account investments.
Option 2: Transfer funds to another retirement vendor.
Option 3: Request withdrawal of funds. Withdrawals may be subject to penalty.
Retiree Health Insurance
No Hardship Payment
Updating Contact Information
It is important that WVU maintains current address and phone information for employees affected by a RIF or non-renewal. Employees with active WVU credentials may log in to WVU Portal, select "MyHR", then click "Personal Information" to update phone numbers and home address. Employees without active WVU credentials or former employees must complete the Change of Address/Email Form or reach to WVU Shared Services at 304-293-6006 or SharedServices@mail.wvu.edu.