The University is implementing a voluntary Staff Early Retirement Program (SERP) to provide staff flexibility in navigating their personal response to the pandemic. The Office of Human Resources is currently working with Responsibility Centers across the University to determine the final list of eligible staff.

Eligible staff will receive information about the SERP, including an election form, frequently asked questions (FAQ), and other resources, by July 15, 2020. Eligible staff will also be invited to a virtual information session to learn more about the SERP and retiree benefits. After receiving the SERP packet, eligible staff will have until July 31, 2020 to submit the election form that signifies their intent to retire.

Timeline for the SERP

Date	Action Item
Week of June 29, 2020	OHR partners with RC/departments to review and confirm eligibility lists
July 15, 2020	Information about the SERP sent to eligible staff (will include an election form, FAQ, and other resources)
July 31, 2020	Last possible day for those eligible to submit the election form (if mailing, must be postmarked by July 31)
August 15, 2020	Eligible participants receive a review copy of the retirement incentive agreement (with a release of claims)
September 30, 2020	Last possible day of work
September 30, 2020	Last possible day to deliver your signed retirement incentive agreement (with release of claims)* *Individuals may reverse their decision to accept or reject the terms of the SERP within seven (7) days of signing the retirement incentive agreement

Questions

Questions or concerns regarding the SERP should be directed to the Office of Human Resources by submitting an online inquiry.

As a reminder, eligibility is determined by University records and will be verified by OHR and individual RCs. Please do not submit inquiries regarding consideration for the program or eligibility. Eligible staff will be notified by or on July 15, 2020.