Samford University

Exiting Employee Information

Health and Dental Insurance
If you are a member of the Samford University Health and Dental Plans and terminate your employment, your coverage will continue through the end of the month in which you terminate, provided that you have paid the premium currently in effect for employees. You also have the right under COBRA to continue your coverage by paying the full premium (employer and employee portions) currently in effect. A letter explaining this coverage in more detail and an application for COBRA Continuation Coverage will be mailed to you upon your termination. Please contract Human Resources for further information about this coverage.
Life Insurance

As a Full Time employee of Samford University, you were enrolled in the Group Term Life Insurance and you may have participated in the optional Group Term Life Insurance plan. If you would like to continue with VOYA Life Insurance, you must do so within 31 days of your termination date. A letter, as well as, a conversion application will be mailed to you upon termination. If you have any questions, please contact Human Resources. 

Pension Plan
If you have completed five years of service with Samford University you are vested in the pension plan. A letter will be sent to you in the mail within thirty business days following your termination date to inform you of your benefit and will include instructions on how and when you can start your monthly benefit. If you have any questions concerning the pension plan, contact Human Resources.
Employee Tuition Benefit
If you were participating in the employee tuition benefit at the time of your termination you may be liable for a portion of the value of the ETB for that term. If your termination date is before the end of the term during which you or your spouse or dependent received the ETB, the student will be billed pro rata for the remaining value of the ETB for that term.
Tax Deferred Annuities

If you participated in the tax deferred annuities, you will need to contact your TDA provider for instructions on your payment/rollover options. The contact numbers for the providers are as follows:

  • TIAA-CREF: 800-842-2776 Monday – Friday from 8am to 10pm and Saturday 9am to 6pm EST
  • AIG-VALIC: Bill Smith 800-892-5558 ext. 88290
  • Fidelity Investments: 1-800-343-0860, Monday - Friday 8am to midnight EST
  • GuideStone: 1-888-984-8433 Monday – Friday 7am to 6pm CST
  • Merril Lynch: contact Human Resources
  • Insurance Investors: contact Human Resources
Flex Spending Account
If you were participating in the health care spending account or the dependent care spending account, your enrollment will continue until the end of the month in which you terminate. If you have been reimbursed for more than you have contributed to the account, you will be billed for the difference. You may choose to continue contributions to the account by enrolling in continued coverage with BCBS. However, be advised that these deductions will no longer be made with pre-tax payroll deductions. If you have questions concerning your flex spending account or wish to apply for COBRA coverage, please contact BCBS at 1-800-213-7930.
Sick and Personal Time
Sick and personal time will not be paid out upon termination from Samford.
Vacation Time
Unused vacation will not be paid out upon termination from Samford.
Recognition upon Termination
If you terminate your employment with Samford following ten or more years of service, but do not retire, the University will allot an amount equal to $10.00 per full year of service to be used as the budget unit supervisor deems appropriate for a gift, luncheon, reception, or other recognition. The Office of Human Resources will fund such activity. For further information, please contact Human Resources.