This document presents a summary of benefits and programs offered by Memorial Sloan Kettering Cancer Center. It is not intended as a
complete description of each plan or program. The terms of your benefits are governed by the legal plan documents. In the event of any
discrepancy between this summary and the legal plan documents, the provisions of the legal documents will govern. The plans, program,
eligibility, and corresponding employee contributions are subject to review and may be modified or discontinued by Memorial Sloan Kettering
Cancer Center, in its discretion, at any time.
1
Benefits Information for Exiting Employees
Below is information to help you understand the transition of your MSK benefits. This
document contains an at-a-glance visual benefits summary and high-level information about
your benefits, as well as contact information. Please note that all current MSK benefits will
continue during your 90-day Notice Period and certain benefits will continue through the
Severance Period.
Please review this handout and refer to your individual Separation Agreement for full details.
The HR Resource Center is available at hrrc@mskcc.org or (646) 677-7411 from 8 a.m. to 7 p.m.
ET, Monday through Friday to answer questions and/or direct you to the appropriate resource.
Medical/Prescription
Dental
Vision
Cancer Care Program
Health Savings Account
Employee Assistance (Magellan)
Retirement Savings Plan
KESSP
Commuter Spending
Healthcare FSA
Dependent Care FSA
Life Insurance
AD&D
MSK Short-Term Disability
Long-Term Disability
Vacation/Holiday Accruals
Benefits Continuation At-A-Glance
Notice Period (90 days) Severance Period (per agreement)
Termination
Date
Last Day of Work - Your last day of
active employment at MSK
Notice Period - 90 days from your
Last Day of Work
Severance Date - Date marking your
transition from the Notice Period to
the Severance Period. Certain
benefits end.
Termination Date - The last day of
your Severance Period. Pay ceases
and benefits cease on the last day
of the month.
Last Day of
Work
Severance
Date
This document presents a summary of benefits and programs offered by Memorial Sloan Kettering Cancer Center. It is not intended as a
complete description of each plan or program. The terms of your benefits are governed by the legal plan documents. In the event of any
discrepancy between this summary and the legal plan documents, the provisions of the legal documents will govern. The plans, program,
eligibility, and corresponding employee contributions are subject to review and may be modified or discontinued by Memorial Sloan Kettering
Cancer Center, in its discretion, at any time.
2
If your contact information changes, please provide MSK with updated information by
contacting the HR Resource Center at hrrc@mskcc.org or (646) 677-7411. This ensures you
will continue to receive important benefits information (e.g., COBRA, continuation notice,
Retirement Savings Plan notices, etc.).
During Your Notice Period
Throughout the Notice Period (as defined on page one of this document), all of your current
MSK benefits will continue, and you will continue to see the regular benefits deductions taken
from your biweekly paycheck (see special note about Commuter Spending Account deductions
below).
During Your Severance Period
BENEFITS THAT ARE CONTINUED
Throughout your Severance Period (as defined on page one of this document), the following
MSK benefits will continue, as outlined below.
• MEDICAL, PRESCRIPTION, DENTAL, AND VISION COVERAGE
If you are enrolled in an MSK healthcare plan, your coverage (and the associated payroll
deductions) will continue until the last day of the month in which your Severance Period
ends. Before your MSK coverage ends, HealthEquity/WageWorks will send you
information about continuing your coverage through COBRA.
o If you elect COBRA coverage, you will be responsible for paying the associated
administrative fees and premiums. For COBRA information and rates go to
MSKbenefits.mskcc.org/keyword/COBRA.
o If you intend to join another group plan, you can use your COBRA notice as proof
of coverage loss.
If you have questions about the MSK healthcare plans, you can find all plan provider
contact information at mskbenefits.mskcc.org/contacts.
Note: If you are eligible for MSK Retiree Medical coverage, you will receive notification
during your Notice Period.
This document presents a summary of benefits and programs offered by Memorial Sloan Kettering Cancer Center. It is not intended as a
complete description of each plan or program. The terms of your benefits are governed by the legal plan documents. In the event of any
discrepancy between this summary and the legal plan documents, the provisions of the legal documents will govern. The plans, program,
eligibility, and corresponding employee contributions are subject to review and may be modified or discontinued by Memorial Sloan Kettering
Cancer Center, in its discretion, at any time.
3
• MSK CANCER CARE PROGRAM
Your cancer care program coverage will continue through your Severance Period. If you
or a family member would like to seek care at MSK, please call MSK Direct at (844) MSK-
4MSK or (844) 675-4675, 8 a.m. – 6 p.m. ET
• HEALTH SAVINGS ACCOUNT (HSA)
If enrolled, your Health Savings Account will continue, and you will continue to receive
the MSK contribution until the end of your Severance Period. You can keep your HSA
with Optum Bank after the Severance Period ends, but you will be responsible for
paying the monthly administrative service fee. For questions about your HSA, please
contact Optum Bank at (866) 234-8913, or log in to your HSA portal at optumbank.com.
• EMPLOYEE ASSISTANCE PLAN (MAGELLAN)
You will continue to have access to mental health support and short-term counseling
services through Magellan until the end of your Severance Period. Contact Magellan at
MagellanAscend.com or (800) 327-8793.
BENEFITS THAT ARE DISCONTINUED
The following MSK benefits will cease following your Notice Period, as outlined below.
• RETIREMENT SAVINGS PLAN (RSP)
After your Notice Period ends, you will no longer be able to make contributions to your
MSK 403(b), nor receive any MSK contributions, if applicable. You can leave your vested
balance in your account, transfer the funds to a new place of employment or an IRA, or
cash out of the account. Keep in mind that the money you cash out could be subject to
tax and a penalty.
You are always 100% vested in any contributions that you have made to your 403(b)
account. However, MSK Base and Match Contributions are generally not vested until
after three Years of Service, or the attainment of age 55 (unvested MSK contributions
will be forfeited).
Please note, one Year of Service is defined as one Plan Year during which an employee
completes at least 1,000 Hours of Service. For questions about your RSP or distribution
options, contact TIAA at (877) 658-6411, or visit MSKbenefits.mskcc.org > Retirement >
Retirement Savings Plan (RSP): 403(b).
This document presents a summary of benefits and programs offered by Memorial Sloan Kettering Cancer Center. It is not intended as a
complete description of each plan or program. The terms of your benefits are governed by the legal plan documents. In the event of any
discrepancy between this summary and the legal plan documents, the provisions of the legal documents will govern. The plans, program,
eligibility, and corresponding employee contributions are subject to review and may be modified or discontinued by Memorial Sloan Kettering
Cancer Center, in its discretion, at any time.
4
• KEY EMPLOYEE SUPPLEMENTAL SAVINGS PLAN (KESSP)
If you are eligible for and contributing to the KESSP, contributions will end on your
Severance Date. TIAA will send an election package to your address on file in their
system at the end of the Notice Period. You will have ninety days from your Severance
Date to make your KESSP distribution election, otherwise it will be paid out to you in a
single lump sum. For questions about your KESSP or distribution options, contact TIAA at
(877) 658-6411, or visit MSKbenefits.mskcc.org > Retirement > Key Employee
Supplemental Savings Plan (KESSP): 457(b).
• PENSION
If eligible, you will receive a pension package approximately 8 weeks after your Notice
Period begins. If you are age 65 or older, you will be required to commence your
pension benefit on the first of the month following the end of your Notice Period.
• COMMUTER SPENDING ACCOUNT PROGRAM
Any Commuter Spending Account(s) will end after your Notice Period. In the event you
would like to stop deductions, beginning with the February deduction, please email the
HR Resource Center at hrrc@mskcc.org with your written request by Friday, February 3,
2023, at 7:00pm ET.
You may be reimbursed for any unused post-tax contributions by contacting
HealthEquity/WageWorks at (877) 924-3967.
o Transit Account: You will have 90 days from the end of your Notice Period to use
any pre-tax funds on your transit commuter card. After 90 days, any remaining
unused funds will be forfeited.
o Parking Account: Any unused pre-tax funds in your parking commuter account or
on your parking commuter card will be forfeited once your Notice Period ends.
To view your account(s), visit WageWorks.com and log in. If you have previously only
used SSO via Workday to access your account, you will need to register the first time
you log in. Go to LOG IN/REGISTER > Employee Registration, then follow the steps. (Your
ID code is the last four digits of your Social Security Number.)
• FLEXIBLE SPENDING ACCOUNTS (FSAs)
Any claims incurred after your Notice Period will not be eligible for reimbursement,
unless you elect to continue your HealthCare FSA under COBRA and have not already
used more funds from your HCFSA than you have contributed. While claims may only be
This document presents a summary of benefits and programs offered by Memorial Sloan Kettering Cancer Center. It is not intended as a
complete description of each plan or program. The terms of your benefits are governed by the legal plan documents. In the event of any
discrepancy between this summary and the legal plan documents, the provisions of the legal documents will govern. The plans, program,
eligibility, and corresponding employee contributions are subject to review and may be modified or discontinued by Memorial Sloan Kettering
Cancer Center, in its discretion, at any time.
5
incurred through your Notice Period (or later if you elect COBRA), you will have until the
plan filing deadline date to submit claims for reimbursement.
When your MSK coverage ends at the end of the Notice Period,
HealthEquity/WageWorks will send you information about extending your benefits
through COBRA. For questions about your Flexible Spending Account(s), contact
HealthEquity/WageWorks at (877) 924-3967.
• LIFE INSURANCE
Your Life insurance coverage will continue until the last day of the month in which your
Notice Period ends. You have the option to port or convert your coverage to an
individual policy by submitting an application and paying the first premium directly to
Securian Life within 31 days of your last day of coverage. For more information, visit
MSKbenefits.mskcc.org > Other Benefits > Life Insurance. You may also contact Securian
directly for more information at (866) 365-2374.
• ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) COVERAGE
If enrolled, your AD&D coverage will continue until the last day of the month in which
your Notice Period ends. You have the option to convert your coverage to an individual
policy by paying applicable premiums directly to AIG within 31 days of your last day of
coverage. You may contact the HR Resource Center at (646) 677-7411 or
hrrc@mskcc.org to request application forms.
• SHORT- AND LONG-TERM DISABILITY (STD & LTD) INSURANCE
Disability coverage ends after your Notice Period. You have the option to convert your
Long-Term Disability coverage to an individual policy. Contact MetLife at (800) 929-1492
(select option 5) to request the application forms. Your application and first premium
payment must be sent directly to MetLife within 31 days of the end of your Notice
Period.
• INDIVIDUAL DISABILITY INSURANCE (IDI)
If enrolled, your IDI payroll deductions will end after your Notice Period. You will be sent
a conservation notice offering you the opportunity to keep the policy by paying
premiums directly to Unum within 30 days of the end of the Notice Period. For more
information, contact Paul Warren at (857) 205-8321 or paul.warren@mercer.com.
This document presents a summary of benefits and programs offered by Memorial Sloan Kettering Cancer Center. It is not intended as a
complete description of each plan or program. The terms of your benefits are governed by the legal plan documents. In the event of any
discrepancy between this summary and the legal plan documents, the provisions of the legal documents will govern. The plans, program,
eligibility, and corresponding employee contributions are subject to review and may be modified or discontinued by Memorial Sloan Kettering
Cancer Center, in its discretion, at any time.
6
• VACATION/HOLIDAY TIME
Vacation (including legal and personal holidays) will stop accruing at the end of your
Notice Period. You will receive a lump-sum payment for all accrued unused
vacation/holiday time within 30 days of your Severance Date.
• EMPLOYEE TUITION REIMBURSEMENT
If you’re in the process of taking an approved course through the tuition reimbursement
program or awaiting reimbursement for a previously completed course, please contact
the HR Resource Center at (646) 677-7411 or hrrc@mskcc.org for more information.
• INFORMATION AND REFERRALS THROUGH LIFECARE / EMPLOYEE DISCOUNT
PROGRAM(S)
Access to LifeCare, LifeMart, Plum Benefits, and other employee discount programs
ends after your Notice Period. If you need assistance with accessing these benefits,
please contact the HR Resource Center at (646) 677-7411 or hrrc@mskcc.org.
You can find additional details about these programs at MSKbenefits.mskcc.org > Other
Benefits > Work/Life.
• ADOPTION AND SURROGACY ASSISTANCE PROGRAM
If you are utilizing this benefit and need more information regarding reimbursement,
please contact the HR Resource Center at (646) 677-7411 or hrrc@mskcc.org for more
information.
• BRIGHT HORIZONS PROGRAMS
Access to College Coach, Specials Needs Guidance, Enhanced Family Support, and Child
and Elder Care through Bright Horizons ends after your Notice Period. If you need
assistance with accessing these benefits, please contact the HR Resource Center at (646)
677-7411 or hrrc@mskcc.org.
• GUIDED WELLBEING PORTAL
Access to the Guided Wellbeing portal ends after your Last Day of Work.
