Dear colleagues,
I am writing to inform you that our records indicate that you are eligible to apply for the voluntary retirement incentive program recently announced to the campus. The program offers one-time incentives to eligible faculty and staff who opt to retire either Jan. 1, 2025, or June 1,听 2025. The application period is now open.
If interested in the program, I encourage you to visit the VRIP webpage for full details about the program, how to apply, and what the review/approval process entails.
A few key items to keep in mind if you鈥檙e considering this opportunity include:
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Participation is voluntary: Each of you is a valued member of 彩民宝典 whose contributions have been vital to the university fulfilling its mission of education and research. Please know that units cannot require participation in the VRIP. Retirement is a personal decision to be made only by the employee, and influence from supervisor/colleagues is prohibited.
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The incentives: Faculty and staff approved to participate in the program will receive the following:听
- Faculty: 9 months of base pay, including for faculty who work year-round (Note: Roles whose positions are funded through soft funding are not eligible.)
- University staff: 9 months of base pay
- Classified staff: In accordance with state law, up to 18 weeks of pay, determined by years of service听听
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Application period/process: The application period for the 彩民宝典 voluntary retirement incentive program is now open, and the application form can be accessed via the VRIP webpage.听听
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The application period will close on Sept. 30.听
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Participation in the program is not guaranteed. Applications will be reviewed by the units, campus HR and campus leaders, and applicants will be notified by mid-October whether they are approved for the program.
- In addition to retirement eligibility, in order for applications to be approved, units must articulate a business case demonstrating that the retirement best serves the university鈥檚 interests.
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Upon approval, employees will have the opportunity to review their specific incentive details and make a final decision on whether to participate.听
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Information forums: We will hold a pair of webinars on Friday, Sept. 6, and Wednesday, Sept. 11, where we will present on the VRIP and answer your questions. Registration for these is available on our webpage.听
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Financial advice: If you are considering this program, we strongly encourage you to discuss it with your financial and benefits advisor to help ensure that you make a decision that best fits your financial and career goals.听
We are grateful for your dedication and service to the university. Our central Human Resources team is ready to assist you to ensure you have the information and resources you need to decide whether to participate in the VRIP and how to navigate the process.
Sincerely,听
Robyn Fergus
Chief People Officer and Vice Chancellor of Human Resources听
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