Voluntary Separation Incentive Program deadline May 30

May 24, 2017 | UToday
By Christine Wasserman

All eligible employees are reminded that the deadline to apply for The University of Toledo’s Voluntary Separation Incentive Program is approaching. Forms must be submitted no later than Tuesday, May 30, by 5 p.m. to be considered.

To date, the University has received nearly 100 applications from eligible employees. Eligible employees are continuing employees who are retirement-eligible under the State Teachers Retirement System, Ohio Public Employees Retirement System, Ohio Public Employees Retirement System-Law Enforcement or Alternative Retirement Plan.

Please note that completing the form does not guarantee approval; Human Resources and Talent Development will review the forms to confirm eligibility. Following a review of all applications after the May 30 deadline, senior leadership will be informed of the individuals on their teams who are eligible for separation. This will enable departments to assess the impact of the separations and determine appropriate paths for their areas.

Employees who apply for the program will be informed whether they are eligible to separate during the week of June 12. Separations will be effective Friday, June 30.

More information about the plan and forms can be found at utoledo.edu/depts/hr/voluntary-separation. If you have any questions about eligibility or the program, contact the Voluntary Separation Incentive Program administrator at  humanresourcesdepartment@utoledo.edu.

Savings from the program will provide flexibility to the University in managing limited growth in state support, including freezes on tuition and fees.

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