Go to navigation Go to content
opener

Total Rewards frequently asked questions

Browse FAQs or filter by topic, audience, or program.

Audience
Program
Topic
 

What is the vacation waiver, and why did I receive a communication about it?

If you received a vacation waiver comminucation, UM System records estimate you may be impacted by changes to retiree insurance eligibility, effective January 1, 2018. If you have the desire to retire before changes take effect, the waiver may provide peace of mind if unavoidable circumstances arise and push your official retirement date into 2018.

The waiver allows you to receive a lump sum payment for unused accrued vacation that, without the waiver, would be used after December 30, 2017.

Please note, any vacation accruals paid as a lump sum will not be included in creditable service or salary in your final pension calculation.