Phased Retirement Program. Subd. 1. Eligibility. Pursuant to M.S. 354.66, 354A.094 or 354B.31 unlimited full-time faculty members who are fifty-five (55) years of age, and who have at least ten (10) FTE years of service credit in Minnesota state colleges shall be granted, upon application a phased retirement subject to the provisions below. In order for the phased retirement program to be easily understood and administered, the MSCF and the Employer are in agreement to the following provisions:
Phased Retirement Program. The University shall maintain a Voluntary Phased Retirement Program for tenured faculty that provides a gradual transition to a date certain full retirement. The program will permit tenured faculty to phase down their work expectations in the final years of their career. It responds to the expressed desire of many faculty members to move into retirement gradually, and it enables the University to plan for the replacement of faculty members in advance of their actual full retirement. Eligible faculty members are not required to use the phased retirement program.
Phased Retirement Program. 19.4.1 The University will make a phased retirement program (“Program”) available to Members who satisfy the following conditions. The Member must:
Phased Retirement Program. 19.4.1 A program for phased retirement over one (1) to three (3) years will be instituted effective July 1, 2006. Members will give notice of their intention to participate in the one (1), two (2) or three (3)-year phased retirement program one (1) year in advance of the proposed commencement date for phased retirement (which shall be at July 1) so as to facilitate planning within Programs and Colleges. Such notice of intention will be irrevocable, but with sufficient notice the phased retirement period may be shortened.
Phased Retirement Program. The Phased Retirement Program is available for those full-time faculty unit members who are tenured, and who:
Phased Retirement Program. The UCF Phased Retirement Program (PRP) allows eligible employees to transition to retirement while their department or unit benefits from their effort and experience. The PRP is voluntary and provides reduced duties for one to five years at commensurate compensation. Eligible employees may elect annually to participate in the PRP.
Phased Retirement Program. Subd. 1.
Phased Retirement Program. Employees enrolled in this program at the time of its ratification shall be permitted to remain enrolled until their participation ends. No employees shall be permitted to enroll in this program 60 days after the date of ratification of this document. If, on or before July 31, 2021, the UFF chooses to re-open enrollment in the Phased Retirement Program, the Transition to Retirement Program (“T2RP”) will be closed for future enrollment.¶ ¶
Phased Retirement Program. With the approval of the Xxxxxxx, appropriate Vice President, or designee, a Department may offer eligible professional staff an opportunity for a pre-retirement reduction of full-time service, while gradually phasing into retirement over a defined period, not to exceed three years. A professional staff member’s eligibility to participate in the program is within the discretion of the Department. A Phased Retirement Program may also be offered on a University-wide basis.
