Benefits available to retirees that are not continued during the leave or layoff will be reinstated as of the date of retirement. Age and service requirements to retire must be met during a period of pay. If you were eligible to retire prior to beginning a leave of absence or layoff (RIF), you may retire during or at the end of the leave or layoff (RIF). Periods of non-appointment for instructional faculty, approved leaves of absence without salary, and layoffs/reductions in force (RIF) are counted as active service and maintain continuity of service as long as the individual returns to an appointment eligible for accrue service to retire with benefits after the leave or layoff. Leaves, Layoff/Reduction in Force (RIF), Non-Appointment Periods His accrual of years of service to retire with benefits begins on because his previous service was at an appointment effort less than 50%. His appointment effort increases to 50% on. Example: LEO I Below 50%īrian is hired as a LEO Lecturer I at 25% effort. Her accrual of years of service to retire with benefits begins on. She becomes a full-time assistant professor. Sue is hired as a House Officer and completes her residency on. Supplemental, Adjunct, and LEO I titles with appointment effort below 50% Service in the following job titles does not accrue towards retirement: Recovery of previously accrued service when there is a reduction in effort below 50% may be possible under Bridging Service Periods if certain criteria are met. Recovery of previously accrued service when rehired may be possible under Standard Practice Guide 201.49 – Reinstatement and Prior Service Credit. A subsequent appointment that is eligible to accrue service to retire with benefits will restart the service accrual over at zero. Reduction in appointment effort below 50%.Ĭhange in job title to one that is not eligible to accrue service to retire.įailure to return to an active appointment following a leave of absence, layoff/reduction in force (RIF), or period of non-appointment.Ī break in service results in the loss of years of service to retire with benefits that were accrued prior to the break. Breaks in ServiceĪccrual of years of service to retire with benefits must be continuous and without interruption. If you work part-time for a portion of the calendar year and full-time for the remainder of the year you will receive the same credit toward retirement as individuals with a 100% appointment. Employees subject to a collective bargaining agreement should refer to the terms of the agreement. Employees with appointments of 80% or greater receive the same credit toward retirement as full-time employees. This does not affect credits accrued before 2013. Accrual Rate for Part-Time EmployeesĮffective January 1, 2013, part-time benefits-eligible employees (appointments of 50% - 79.9%) accrue 0.8 years of credit toward retirement eligibility per entire calendar year worked. See Bridging Eligible Service Periods After Reduction in Effort. See Accrual Rate for Part-Time Employees regarding the rate of accrual if you appointment if less than 80% effort. If you have a temporary reduction in hours below 50% you may still receive service credit to retire depending on the duration of the reduction. Your appointment effort must be at 50% or greater to accrue service to retire. Temporary Furlough and Temporary Reduction in Hours Temporary Staff FurloughĮligible individuals who take the temporary staff furlough continue to accrue service credit to retire during the furlough. You may retire during the furlough if you are eligible to retire prior to beginning the furlough. Age and service requirements to retire must be met during a period of pay. Therefore, if you do not have enough points to retire prior to beginning the furlough you need to return to an active appointment until you have accumulated enough points to retire. Each appointment must be at least four continuous months with university funding. U-M Medical School faculty physicians who have an appointment with the VA Ann Arbor Healthcare System accrue service time to retire at the same rate as a faculty physician who has a 100% U-M appointment regardless of the actual appointment ratio of the affiliation (i.e., it is not pro-rated). Service at another employer (including another university or the State of Michigan) does not count as service to retire from U-M. You must have been eligible to enroll in the Basic Retirement Plan and health benefits during all the years of continuous service needed to retire. Your eligible years of service toward retirement with benefits (including health, prescription drug, dental, vision, legal, and life insurance coverage, if eligible) are determined by counting the years that you have been continuously employed at the University of Michigan as a regular or supplemental faculty or staff member with a 50% or greater appointment without interruption or a break in service.
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