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Deadline for Voluntary Phased Retirement Option
Posted 1/28/2005
This is a reminder that Tuesday, Feb. 15, is the enrollment deadline for the new voluntary phased retirement option for eligible full-time faculty.
The Provost’s Office announced the option in November. It allows faculty members who are contemplating retirement a gradual disengagement from their current responsibilities. Over a limited number of years, eligible faculty members can choose to reduce their workload and salary while retaining their full benefits at the same contribution rates as regular full-time faculty members.
To be eligible, full-time faculty members must be tenured, must be at least 55 years of age, and must have at least 10 years of full-time service at the University of Hartford by August 15, 2005. The phased retirement plan is entirely voluntary. Faculty members may choose to retire without entering into a phased plan.
The details of the Voluntary Phased Retirement Plan and the agreement forms can be found at http://ned.hartford.edu/forms.
Open enrollment for the Plan began on Jan. 3, 2005, and runs through Feb. 15, 2005. Please note that the opportunity to sign up for the Voluntary Phased Retirement Plan is limited to this year only.
Completed forms (with faculty member’s and dean’s signature) must be submitted to the Provost’s Office (CC 311) no later than February 15, 2005, so that faculty contracts issued on March 1 can reflect the phased retirement agreement.
Any questions about the plan should be directed to Katherine Black, Assistant Provost, at kablack@hartford.edu or 768.5103.
The Provost’s Office announced the option in November. It allows faculty members who are contemplating retirement a gradual disengagement from their current responsibilities. Over a limited number of years, eligible faculty members can choose to reduce their workload and salary while retaining their full benefits at the same contribution rates as regular full-time faculty members.
To be eligible, full-time faculty members must be tenured, must be at least 55 years of age, and must have at least 10 years of full-time service at the University of Hartford by August 15, 2005. The phased retirement plan is entirely voluntary. Faculty members may choose to retire without entering into a phased plan.
The details of the Voluntary Phased Retirement Plan and the agreement forms can be found at http://ned.hartford.edu/forms.
Open enrollment for the Plan began on Jan. 3, 2005, and runs through Feb. 15, 2005. Please note that the opportunity to sign up for the Voluntary Phased Retirement Plan is limited to this year only.
Completed forms (with faculty member’s and dean’s signature) must be submitted to the Provost’s Office (CC 311) no later than February 15, 2005, so that faculty contracts issued on March 1 can reflect the phased retirement agreement.
Any questions about the plan should be directed to Katherine Black, Assistant Provost, at kablack@hartford.edu or 768.5103.
