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

Time reduction requirements

Participants may retire at the end of 120 days of being in the program and up to a maximum of three years in the program. However, if they continue beyond one year, they must reduce their appointment percentage by at least an additional 10% for year two and at least an additional 10% for year three or forfeit their incentive. Once participants reduce their appointment percentage to 50 percent, they must retire at the end of the year or forfeit their incentive. Participants will not be allowed to take other paid work at UC during the program contract period.