|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$20,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$30,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$40,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$50,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$60,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$70,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$80,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$90,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$100,000
|
|
|
|
|
|
|
|
|
|
|
|
|||
| Example: If you are a STAFF member with a 12 month appointment, are age 55 with 20 years of service as of October 1, 2000 and earn $40,000 per year, you will receive $26,920.00 (before taxes***) in voluntary separation incentive wages. | ||||||||||||||
| Example: If you are a NON-TENURED FACULTY member with a 12 month appointment, are age 55 with 25 years of service as of October 1, 2000 and earn $50,000 per year, you will receive $33,650.00 (before taxes***) in voluntary separation incentive wages. | ||||||||||||||
| * Post-retirement benefits and a grandparented health care premium are only available to those age 50 or older | ||||||||||||||
| (bridging required from age 50 to 55) | ||||||||||||||
| ** Mandatory minimum years of full-benefits eligible service to qualify for voluntary separation. | ||||||||||||||
| *** All voluntary separation incentive wages are subject to federal and state taxes, social security and medicare. | ||||||||||||||