Income protection hours. Employees enrolled in PERF with more than 152.0 income protection hours receive pay at the rates listed below. Professional staff on the PA time off plan Refer to Policy 6.3, Basic Retirement Plans , for information about qualifying for retired status. In addition to the items listed in the above section, Benefits received due to a voluntary or involuntary separation, some professional staff on the PA time off plan receive terminal pay for accrued sick leave hours. To be eligible, the employee must be enrolled in PERF or IU Retirement 11.25 Plan and have more than 152.0 sick leave hours.
Eligible staff receive pay at the rates listed below.
Contact University Benefits Office for details.