At the end of the specified period, an appointment may be renewed, depending on the needs of the Institution. The Institution will automatically process any insurance or retirement death benefits that are due the employee's beneficiaries. A term appointment is for a fixed period and implies no commitment by the Institution for continued employment. A lay off may occur due to lack of funding, reduction in force or lay-up of a vessel. Coverage under the group life insurance policy stops 31 days the day after termination of employment.
Conversion privileges to a whole life policy are available.
Coverage under the group health plans will normally stop at the end of the month in which the termination is effective. Payment must be sent to the Human Resources at the beginning of each month for that month's coverage. B. Specific questions on eligibility can be addressed in Human Resources at the time of check-out. Should you require assistance in the interpretation of this procedure, please contact your H.R. Representative.