Voluntary Separation Option (VSO)
We are pleased to offer to eligible employees an opportunity to participate in the UCSB Voluntary Separation Option (VSO). The purpose of the VSO is to promote salary savings by encouraging eligible employees to end their employment with the University and receive severance pay in accordance with their job title and years of service. The VSO participant agrees to not be reemployed by any University of California location for a period of 3 years, and his/her position is not filled for a period of 18 months after separation. The effective date of separation under this program is Friday, October 30, 2009.
VSO information workshops
Human Resources Learning Center, 3101 SAASB:
- Thursday, August 6th, 11:00 am - 12:00 noon
- Monday, August 10th, 2:00 pm - 3:00 pm
- Wednesday, August 19th, 11:00 am to 12:00 noon
(for employees who also wish to retire after the VSO separation date of October 30, 2009.)
Human Resources Learning Center, 3101 SAASB
- Tuesday, August 11th, 3:00 pm to 4:00 pm
Voluntary Separation Option (VSO) Resources
- Election Form Packet
- Frequently Asked Questions
- Severance Calculation Example
- PowerPoint Presentation
Processing Dates
What |
When | Notes |
| Submit Election form | 8/14/2009 thru 9/14/2009 | Send to HR |
| If withdrawing application | Withdraw by 9/28/2009 | Signed & dated letter to HR |
| If retiring, request appointment with Retirement Counselor | Month of August | Call HR Benefits, x2489 |
| If deferring severance to 457(b) | 9/1/2009 thru 9/25/2009 | Contact Fidelity Retirement Services, 1-866-682-7787 or http://www.netbenefits.com |
| If deferring severance to 403(b) | 10/1/2009 thru 10/18/2009 | |
| Submit release form (Participants age 40 & over) |
Within 45 days after receipt | Return to HR. Allowed 7 days after signature date to revoke release. |
| Submit release form (Participants under age 40) |
Within 14 days after receipt | Return to HR. No revocation of release |
| Separation | 10/30/2009 |
Contacts:
Coni Edick, program coordinator
X3197, coni.edick@hr.ucsb.edu
Amy Jacobs, document tracking
X4664, amy.jacobs@hr.ucsb.edu
Edna Arellano, service credit
X4048, edna.arellano@hr.ucsb.edu