Thinking of Retirement? 

 As you prepare for your next exciting chapter, please review important information below.

 RSFH Retirement

• To qualify for retirement status at RSFH, you must meet the following criteria:
  • 15 years of service and 55 years or older; or
  • 65 years of age at separation
•  With this status, you are eligible to receive a 403b employer discretionary contribution, if one is made in the plan year in which you separate employment, without needing to work until December 31.
• You are also eligible for a commemorative gift as an expression of our appreciation.

 For teammates who do not meet this criteria, the benefits noted above do not apply.  All of the information below applies to all teammates separating from the system.

Health, Dental & Vision Coverage

• Coverage will continue through the end of the month in which the separation occurs.
• A COBRA informational packet will be mailed directly to the home address on file within the month following separation of employment.
• If you are transitioning to Medicare, resources are available at the Trident Area Agency on Aging (www.tridentaaa.org or 843-554-2275).

Roper St. Francis Healthcare 403(B) Retirement Plan

• To discuss your retirement planning, contact a Fidelity Retirement Planner to schedule an individual consultation at 800-343-0860.

Flexible Spending Accounts

• Coverage ends on the date of separation from RSFH.
• Claims may be filed within 90 days of your separation date; however, only services received during your coverage period under the Flexible Spending Account plan with RSFH will be reimbursed.
• For claims questions, please contact Optum Financial (formerly known as ConnectYourCare) at 844-973-3919 or visit Optum Financial.

 Basic Term Life and AD&D Insurance, Supplemental Term Life Insurance, Dependent Life Insurance

• Coverage ends on the day your employment terminates with RSFH. A Conversion/Portability letter and information will be mailed to you following the separation date.

Short-Term Disability

• Coverage ends on the date of separation from RSFH, and the benefit can not be continued.

Long-Term Disability

• Coverage ends on the date of separation from RSFH and the benefit can not be continued.

Final Paycheck

• Any payment due for hours worked will be paid on the next regularly scheduled pay period.
• The funds will be paid via direct deposit and a pay stub will be mailed to your home.

PTO Payout Eligibility

• Exempt Teammates
  • Since PTO hours are front-loaded and must be used by the end of the year, PTO hours are not paid out if/when an exempt teammate retires from RSFH.

• Non-Exempt Teammates
  • PTO hours will be paid out if/when a non-exempt teammate retires with RSFH (assuming voluntary separation with proper notice) based on years of service.
    • Teammates resigning from RSFH with less than two (2) years of service are not eligible for payment of Paid Time Off accruals upon separation.
    • Teammates with two to five years of service will receive 50% of the base rate for payment of Paid Time Off accruals upon separation.
    • Teammates with greater than five years of service will be eligible for payment of Paid Time Off at 100% of the base rate up to the maximum hours allowed per policy.
  • If PTO payment is due, it will be paid via direct deposit and will be included in your final check.

Other

Please ensure that all RSFH property is returned promptly to your manager or to HR, preferably on/by the final day of employment.