Phased Retirement Program
The Phased Retirement Program enables eligible Career Staff members (except the Senior Management Group) to voluntarily reduce their working time and corresponding pay in exchange for a lump sum incentive upon retirement at the end of participation. The intent of the program is to help eligible employees who are 55 or older transition into retirement and allow for longer-term planning for employees, their families and the departments they work in. The reduction also helps departments achieve temporary salary savings during this period of budgetary shortfall.
The program runs from January 1, 2012 through December 31, 2014.
For exclusively represented employees, participation is subject to collective bargaining. Human Resources will notify the campus as soon as possible with regard to PRP participation for specific unions as they occur.
Currently the following Staff groups are eligible to participate in PRP:
- Non-represented (99)
- Clerical (CX)
- Skilled Crafts (K8)
For additional information please see the following links:UCOP Information, Forms & FAQs