Dear CU Boulder faculty and staff,听
I am pleased to announce the opportunity for CU Boulder faculty and staff to apply for a campuswide voluntary retirement incentive program (VRIP). This opportunity is open to retirement-eligible faculty and staff who meet the program criteria based on age and length of service. It provides two retirement date options, Jan. 1, 2025, and June 1,听 2025, for those who apply and are approved to participate.听
Why CU Boulder is offering the VRIP
The VRIP enables eligible employees to make positive life or career changes that fit their goals and needs. The VRIP is not driven by any financial crisis on campus; rather, the program supports campus Transformation and Financial Resilience efforts by enabling CU Boulder to repurpose salary savings toward campus strategic priorities that best help us deliver on our mission of education and research.听
The incentives
Retirement-eligible employees who apply and are approved for the VRIP program can retire Jan. 1, 2025, or June 1, 2025. Employees will receive the following:听
- Faculty: 9 months of base pay, including for faculty who work year-round (Note: Roles听whose positions are funded through soft funding are not eligible.)
- University staff: 9 months of base pay听
- Classified staff: In accordance with state law, up to 18 weeks of pay, determined by years of service听
- 401A and PERA eligible
Application period/process
- The application period for the CU Boulder voluntary retirement incentive program opens today, and eligible employees will receive a follow-up email with details about how to apply.听听
- The application period will close on Sept. 30.听
- Applicants must choose a Jan. 1, 2025, or June 1, 2025 retirement date.听
- Applications will be reviewed, and applicants will be notified by mid-October whether they are approved for the program.
- In addition to retirement eligibility, for applications to be approved, units must articulate a business case demonstrating that the retirement best serves the university鈥檚 interests.
- We advise all interested parties to meet with their financial and benefit advisors before and during the application process to ensure the program meets their needs.听
- Upon approval, employees will have the opportunity to review their specific incentive details and make a final decision on whether to participate.听
Full program details
Please visit our voluntary retirement incentive program website for full details on the program, including:听
- Who is eligible
- Application/approval process and timeline
- 贵础蚕蝉听
We will also be hosting a pair of webinars on Friday, Sept. 6, and Wednesday, Sept. 11, during which we will present about the program and answer questions.听
Retirement is a personal choice that includes many factors that ultimately influence your decision. We are grateful for our faculty and staff's dedication to the campus mission. Our HR team will work closely with those interested in this program to ensure they have the information and resources to decide what best aligns with their career and life goals.听
厂颈苍肠别谤别濒测,听
Robyn Fergus听
Chief People Officer and Vice Chancellor for Human Resources听
听
听