You may have seen an announcement from UCOP regarding the implementation of the UC Phased Retirement Program for January 1, 2015, through December 31, 2019. The intent of the Phased Retirement Program is to help eligible employees who are 55 years or older transition into retirement and allow for longer-term planning for employees, their families and the unit they work in.
ANR has decided that it will not offer the program in 2015 to avoid adding to the workload of our already thin workforce. One of the primary guidelines in the program prohibits the department from adding capacity to offset a participating employee's reduction in time.
Linda Marie Manton, Executive Director
Human Resources—Staff...
- Author: Pamela Kan-Rice
Dear Colleagues,
The University of California is seeking comments on its proposed Phased Retirement Program that would help employees who are 55 or older transition into retirement. Senior Management Group members and academics would not be eligible for this program. The program would be subject to collective bargaining for represented employees.
UC wants to offer this program as an optional tool that locations and organizational units may choose to provide to eligible career staff employees as an opportunity to transition into early retirement. The program would allow staff members to reduce their work hours by at least 10 percent a year over a fixed period, from 120 days up to three years, before retiring. In exchange,...