Collin College Important Exit Information
Important Exit Information
- Exit Notification Procedure
- Final Pay Check
- Vacation Pay
- Comp Time/Over Time
- Sick Time/Personal Time
- Medical/Dental Insurance
- COBRA Information
- Group Life/AD&D Coverage/Voluntary AD&D
- Teachers Retirement System (TRS)
- Texas Optional Retirement Program (ORP)
- Tax Sheltered Annuity (TSA)
- Change of Address
Exit Notification Procedure
Professional written notice of at least two weeks for staff and four weeks for administrators
is expected. The final day of employment will be the last actual day worked; it may
not be a day of time off.
Final Pay Check
Your final paycheck (for time worked through your last day of work) will be paid via
direct deposit. NOTE: All Collin College employees are paid current; there is no lag in pay. The check will be mailed to the address you have on file with Collin College on the
last working day of the month of separation. Final pay is prorated based upon the
actual days worked by the terminating employee.
Vacation Pay
You will receive unused earned vacation time (up to 80 hours of rolled over vacation
time, plus any unused vacation earned for the current fiscal year) payable to you
during the first week of the month following your separation. This will be a paper
check and will be mailed to the address on record with the College.
Comp Time/Over Time
You will receive a check for any unused comp time and/or over time payable to you
during the first week of the month following your separation. This will be a paper
check and will be mailed to the address on record with the College. Please note that
if you are owed both vacation pay and comp time and/or over time, they will be on
the same check.
Sick Time/Personal Time
Collin College does not pay out any unused sick or personal time.
Medical/Dental Insurance
Coverage through your employment will end at the end of the month of separation, provided
all premiums have been paid. For example, if your last day worked is January 16th,
your coverage will end on January 31st.
COBRA Information
All COBRA information will be sent directly to your home address by ERS. COBRA rates
can be found on the ERS website. If you have questions regarding COBRA benefits prior
to receiving this information, contact ERS at (877) 275-4377 or visit www.ers.texas.gov..
Group Life/AD&D Coverage/Voluntary AD&D
Your group life, AD&D and Voluntary AD&D coverage will terminate on the last day of
the month of termination. Conversion options may be available to you, please visit
the Securian webpage for more information.
Teachers Retirement System (TRS)
Should you choose to withdraw your TRS account, please download the form you must
complete a TRS-6, Application for Refund, and return it to TRS. (NOTE: If you withdraw your account
by receiving a refund, you will end your membership in TRS. By ending your membership,
you lose your service credit and forfeit any retirement benefits that you have accrued
and may affect your eligibility for ERS retiree insurance. It is important that you
fully understand the TRS and insurance benefits that you are waiving. Therefore,
if you have five or more years of TRS service credit, you must sign a form acknowledging
that you are waiving all rights to future TRS retirement benefits.) If you have questions
regarding your TRS account, please contact TRS directly at 1-800-223-8778 or visit
the TRS website at www.trs.texas.gov.
Texas Optional Retirement Program (ORP)
If you have an ORP account and have questions regarding available options, please
contact your financial advisor. For general ORP questions, please contact Christina
Canales in the Collin College Human Resources Department at 972-599-3164 or ccanales@collin.edu.
Tax Sheltered Annuity (TSA)
For legacy 403b accounts, please contact your financial advisor or financial investment
provider. For accounts through AIG, please contact Bentley Craft or Dana Hodges.
Change of Address
If you have a change of address, you must update this information in Workday prior
to your last day of employment under your profile/contact tab or as part of your exit
process.