If you have questions about the recent Anthem data breach, please visit anthemfacts.com for the most up-to-date information. The University of Colorado will continue to work with Anthem to provide you timely information related to the breach and resources to protect your personal information.
Managing retiring, resigning or terminating employees
Phased retirement agreements
If you have an employee who has signed a phased retirement agree-ment, follow these steps to ensure he or she receives the proper pay and benefits:
- Enter the employee's revised job data into the HRMS.
- Email a copy of the employee's phased retirement agreement to Employee Services' Shelley Brown to make necessary benefits adjustments.
Departing academic-year faculty
If you have academic-year faculty members who are either resigning or retiring, please carefully review the type of contract they have to ensure they're paid properly.
9-pay-12 faculty contracts for employees departing after the academic year
Check for any adjust-ments necessary for the May payroll—particularly to ensure these faculty members receive any earned-not-paid funds. Any 9-pay-12 employees who will continue working past spring will be paid throughout the summer, and will continue to contribute to their ben-efits plans.
Please note: Large, final payouts to employees on 9-pay-12 contracts may affect their tax with-holding amounts by bumping them into a higher tax bracket. As such, these employees may wish to adjust their W-4 tax withholding amount, which they must do so by Tuesday, May 13, 2014. If you have questions, see our step-by-step instructions for terminating 9-pay- 12 contracts.