Voluntary Early Retirement Program for Tenured Faculty - 403.22
| University of Arkansas at Little Rock |
| Policy Name: Voluntary Early Retirement Program for Tenured Faculty |
| Policy Number: 403.22 |
| Effective Date: February 25, 2010 |
Policy
The voluntary early retirement program (”the Program”) of the University of Arkansas (”the University”) for tenured faculty is made available to eligible tenured faculty. Under the terms of the Program, the faculty member will receive certain benefits in exchange for his/her immediate retirement and relinquishment of tenure. Participation in the Program is voluntary and is not mandated upon either tenured faculty or the University. Participation in the Program is not an entitlement but may be made available to eligible tenured faculty members when:
- A savings to the University can be demonstrated; and
- the terms and circumstances of the retirement would not be detrimental to the University and its programs including, but not limited to, sufficient financial and staffing resources available to the department, campus, and unit from which the individual is retiring.
If the faculty member and the head of the unit agree on an early retirement request, in accord with the Program, an Agreement should be completed and forwarded for approval through administrative channels, together with a letter of recommendation from the appropriate Chancellor or the Vice President for Agriculture, to the President of the University. Each Agreement must be accompanied by a statement signed by the requesting faculty member, assuring University officials that the faculty member’s participation in the Program is voluntary; and an “early retirement worksheet,” in a form substantially corresponding to the form. Early Retirement request form may be found at this webpage, http://ualr.edu/provost/docs/ERApprovalForm.doc
Source: Faculty Handbook Universitywide Memorandum
Revised:
Approved By:
Custodian: