UC Phased Retirement Program

Program Summary  UCSC Implementation Procedures
Overview Procedures for Enrolling
Authority Time Reduction Requirements
Eligibility Changing a Phased Retirement Contract
Details Ending a Phased Retirement Contract
Cash Incentive Formula Deadlines for Processing Contracts
Impact on Benefits Forms/Resources
Transfer, Promotion, Reappointment  
   

UCSC Implementation Procedures

Deadlines for Processing Contracts and Effective Dates

Monthly Paid Employees

For monthly paid employees requesting participation in the Phased Retirement Program, a completed and approved Phased Retirement Program contract form must be received by the appropriate Employee & Labor Relations (ELR) Analyst no later than the last working day of the month prior to the effective date. The ELR Analyst will have three business days from the effective date of participation to process applications and forward to Operations for processing.

A Phased Retirement Program contract for monthly paid employees must begin on the first day of a month. Ending dates are dependant upon the employee's separation date due to their impending retirement.

No requests that require retroactive payroll processing can be considered. If contract forms are received after these published processing deadlines, the Phased Retirement Program effective date will be modified to the following pay period. Departments should develop internal processes to ensure sufficient time for review and approvals.


Biweekly Paid Employees

For biweekly paid employees requesting participation in the Phased Retirement Program, a completed and approved Phased Retirement Program contract form must be received by the appropriate ELR Analyst at least 5 working days in advance of the effective date. The ELR Analyst will have three business days from the effective date of participation to process applications and forward to Operations for processing.

A Phased Retirement Program contract for biweekly paid employees must begin on the first day of the biweekly pay period. Ending dates are dependant upon the employee's separation date due to their impending retirement. Reference the UCSC Biweekly Payroll Calendar.

No requests that require retroactive payroll processing can be considered. If contract forms are received after these published processing deadlines, the Phased Retirement Program effective date will be modified to the following biweekly pay period or quadriweekly pay cycle. Departments should develop internal processes to ensure sufficient time for review and approvals.

Questions regarding the Phased Retirement Program should be directed to your ELR Analyst.

Questions regarding any potential impact upon your benefits and/or retirement should be directed to the campus Benefits Office.

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