ADMINISTRATIVE POLICY
Nicole Hobbs
Policy Statement
The purpose of this policy is to describe the Pre-Retirement Leave benefit available to benefits eligible employees.
Purpose and Scope
This policy outlines the university’s pre-retirement leave available for eligible employees – those of at least sixty-two (62) years of age and have completed at least fifteen (15) years of continuous service with the University. It provides allowance of medical coverage for eligible employees and their dependents until Medicare age is reached.
Applicability of this Policy
All eligible faculty and staff employees.
Contacts
Policy Clarification and General Information
Definitions
Health Insurance Coverage: Legal entitlement to payment or reimbursement for your health care costs, generally under a contract with a health insurance company, a group health plan offered in connection with employment, or a government program like Medicare, Medicaid, or the Children's Health Insurance Program (CHIP).
Medicare: Medicare is the federal health insurance program for: People who are 65 or older. Certain younger people with disabilities.
COBRA: Consolidated Omnibus Budget Reconciliation Act of 1985.
Policy and Procedures
If you are at least sixty-two (62) years of age and have completed at least fifteen (15) years of continuous service with the University, you are eligible for an unpaid leave of up to eighteen (18) months.
This leave allows you to maintain continuous health insurance coverage for you and your eligible dependents at your own expense for the entire duration of your Pre-Retirement leave, until you become eligible for Medicare.
The cost for Pre-Retirement leave health insurance coverage is 100% of the premium for you and your eligible dependents.
After Pre-Retirement leave, your employment will be terminated, and you and your eligible dependents will become eligible for Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).
Please contact the Office of Human Resources and Institutional Equity for more information.
Consequence of Violating the Policy
Violation of this policy may result in disciplinary action, up to and including termination. For consequences of violating the policy refer to the Faculty and Staff handbooks found at policy.tulane.edu.
Other Relevant Information
Staff Voluntary Phased Retirement
Personal Leave of Absence
Military Leave
Non -FMLA Medical Leave