Severance and Other Post Employment Benefits
Non-bargaining, management and professional, and senior administrative management employees
At a meeting held Dec. 5, 2019, Memorial’s Board of Regents approved changes to severance and other post-employment benefits (OPEB) for non-bargaining, management and professional, and senior administrative management employees. These changes ensure consistency in the application of severance and OPEB practices for Memorial’s staff employee groups.
Severance: Within the above-mentioned employee groups, only employees hired before Oct. 1, 2004 accrue severance. This severance accrual will cease effective Dec. 31, 2021. Severance accrued to that date will be paid to the applicable employees over the following 12 months. Employees may, at their option, request an earlier payout of severance prior to Jan. 1, 2022.
The university will use its best efforts to accommodate early payment as soon as practicable following receipt of the request; however, the payment of severance to CUPE and NAPE employees that is underway will take precedence over early payouts to members of these groups.
Please click here to read the severance guidelines.
Frequently Asked Questions document for non-bargaining, management and professional, and senior administrative management employees.
Severance Payment - RRSP Process and FAQs - declaration of intent included.
Severance Payment Election Form for non-bargaining, management and professional, and senior administrative management employees.
OPEB: Other Post-Employment Benefits (OPEB) are the group insurance benefits provided by the university to retirees and their beneficiaries in respect to coverage under the life insurance, supplementary health, travel and dental plans. The eligibility criteria for OPEB will change effective Jan. 1, 2020.
Please click here to read the OPEB changes in full.
NAPE and CUPE
Memorial and the Newfoundland and Labrador Association of Public and Private Employees (NAPE) signed collective agreements for locals 7803, 1804, 7804, 1809 and 7801 on April 8, 2019. The university and the Canadian Union of Public Employees (CUPE) signed a collective agreement for local 1615 on Nov. 6, 2019. Included in the agreements is the payout of severance for eligible employees. The university is currently processing these severance payments. For detailed information on eligibility and the payout process, please see below.
Frequently Asked Questions document for NAPE employees.
Severance payment election form for CUPE members.
Frequently Asked Questions document for CUPE members.
If additional information or clarification is required, employees should email firstname.lastname@example.org.