After you have contacted TRS with your intent to retire, they will send you a packet of information. In that packet will be a TRS 7 form that you will need to submit to Ginger Gamble, Senior Accountant, Payroll.
Your final paycheck will be processed based on the pay period where your resignation date fell. Final paychecks will go Direct Deposit in the current banking institution Payroll has on file for you. If that information changes, please contact Payroll immediately.
You will continue to have access to MyPayInfo to view your paycheck stubs and W-2s. Former employees who have not registered with this site prior to leaving NEISD must contact the Payroll Department to receive an e-mail invitation to the site. You will be asked to provide a personal e-mail address and to confirm your identity. (Current employees may register at any time.)
Your current year W-2 will be mailed to the last address we have on file for you. Please make sure that HR has your most current address on file.
Leave Payout Information
Leave payouts do not affect your TRS annuity payments. Board Policy DEC (LOCAL) provides information regarding payment for unused leave upon separation. The Policy states on page 10:
Upon resignation from the District, an employee with ten consecutive years of service in the District immediately preceding the effective date of his or her resignation and who is eligible to receive benefits from TRS shall be entitled to reimbursement for any unused local and state personal or sick leave earned in the District.
If you are eligible for a Leave payout of your unused leave, it will be paid on the check after your last salary check is paid. Any overuse of earned Local Sick or State Personal Leave will affect your final check.
Leave is paid out at this rate:
State Sick, Local Sick and State Personal Leave earned prior to 7/1/2005:
First 80 days: 1/2 of employee’s daily rate of pay at time of resignation up to $40/day max
After 80 days: 1/4 of employee’s daily rate of pay at time of resignation up to $20/day max
Local Sick and State Personal Leave earned on or after 7/1/2005:
First 80 days: 1/2 of employee’s daily rate of pay at time of resignation up to $75/day max
After 80 days: 1/4 of employee’s daily rate of pay at time of resignation up to $65/day max
*NOTE: Summer exception for end of the month benefits marked with a red asterisk *. If your resignation date is on or after the last day of instruction, then benefits marked with a red asterisk * will continue through August 31.
Separation date: 11/15, disability will end on 11/15 and medical benefits will end on 11/30
Separation date: 3/31, disability will end on 3/31 and medical benefits will end on 3/31
Benefits You Can Keep After Separation
Benefits Continued Through COBRA:
Employee Assistance Program
Flexible Spending Account Medical (if you have claimed less than you have contributed)
Benefits Continued through Portability with the insurance company:
(Note: Late notification of your resignation from NEISD may preclude you from continuing Cancer and Life Insurance benefits.)