Duke Benefits - Other Benefit Plans
Children's Tuition Grant Program: You may be eligible to participate in the
Children's Tuition Grant Program if you
were eligible for this benefit at the time of retirement and you meet either of
the following conditions as of your retirement date:
- You met the Rule of 75 (this rule requires that the sum of your age and
your years of continuous service with Duke must be equal to or greater than
75); or
- You retire on or after age 65.
Duke Disability Insurance: The Duke Disability Insurance is not portable and may
not be continued into retirement. Employee Tuition Assistance Program:
This program may not be continued into retirement. Long Term Care Insurance: If you are
currently enrolled in the
Long Term Care Insurance
Plan and wish to continue coverage, contact Aetna at 1-800-287-9145. You may
continue the insurance on a direct bill basis, and you may designate the billing
cycle (monthly or quarterly). Personal Accident Insurance:
The Personal Accident Insurance benefit is not portable and may not be
continued into retirement.
Personal Casualty Insurance: If you are enrolled in the
Personal Casualty Insurance Plan (home and auto
insurance) and would like to continue coverage, contact Marsh @ Work Solutions
at 1-800-552-9670. Post Retirement
Certificate: If you were hired before December 1, 1974, have participated
in Duke's group life insurance plan for at least ten years, and are at least age
65, you may be eligible for a certificate. If eligible, you will receive this
certificate through the mail after retirement. The certificate generally
provides a $2,500 death benefit to your surviving spouse or estate. The
certificate has no cash surrender value and is not transferable.
Reimbursement Accounts: If you are participating in the
Reimbursement
Accounts, you may continue to submit claims for expenses incurred up to
your last day worked. The plan year is January 1 through December 31. You
have a grace period - ending on April 15 - to submit paperwork for expenses
incurred up to your retirement date during the previous plan year. Vacation, Sick Time or Paid Time Off (PTO)
University and Medical Center Staff
Vacation Time: Staff in monthly paid or biweekly paid positions are
eligible for payment for unused accrued vacation time upon retirement. As a
retiree, you may elect to have your vacation time paid out over time or in one
lump sum. Contact your payroll clerk at least 30 days before your retirement
to choose your payment option.
Sick Pay: Staff paid on a biweekly basis and covered by the
Employees' Retirement Plan (ERP) will have their accrued sick time added to
their years of credited service earned as of their retirement date.
Note: Employees are not paid out for unused sick time.
Duke University Health System (DUHS)
Short Term Bank (STB) & Long Term Bank (LTB): Monthly and
biweekly paid staff are eligible for payment for unused accrued hours in their
short term and long term banks upon retirement. As a retiree, you may elect to
have your paid time off paid out over time or in one lump sum. Contact your
payroll clerk at least 30 days before your retirement to choose your payment
option.
Carry Over Bank (COB): Staff paid on a biweekly basis and covered by
the Employees' Retirement Plan (ERP) will have their Carry Over Bank (COB)
hours added to their years of credited service earned as of their retirement
date. Note: Employees are not paid out for unused COB time.
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