Upon request, to facilitate re-employment of persons subject to layoff, assistance in resume development, interviewing skills, and job search strategies will be provided by Human Resources or other designated offices or agencies during the notice period and for up to one year following the date of layoff. Benefits Eligibility Employees who are laid off will be eligible to continue their existing University group health and dental plans for at least 18 months provided that the employee pays the full premiums, both the University's and the employee's contributions, on a timely basis. In addition, conversion of group life insurance is available. Severance Pay Upon layoff, each regular employee with one or more years of continuous University employment will receive a severance payment from the University to assist the person's employment transition. Severance pay will be calculated by using either the base monthly pay at time of layoff, or the average base monthly pay earned over the immediately preceding 12 months, whichever is greater.
Severance is payable on the employee's last day of work as a regular employee.
Severance pay will be according to the following schedule. If an employee is reemployed by the University sooner than the number of months of severance pay received by the employee, the portion of the severance pay equal to the base pay the employee would have earned if not terminated may be retained. The balance must be repaid to the University within 90 days of reemployment. For example, if a terminated employee received 6 months of severance pay and then was reemployed 2 months later, the employee would repay 4 months of the severance pay. A former regular employee who is reemployed by the University in regular status after a break in service exceeding one year will be considered rehired.