51社区

At the October 2021 meeting, the 51社区 Board of Trustees approved a resolution authorizing the University to establish and implement a Voluntary Separation or Retirement Program (VSRP) for full time tenure track (tenured and probationary) faculty members and administrative staff with the academic rank of tenured professor or tenured associate professor in strategically defined academic programs.

Individual emails will be distributed to Faculty and Staff who are eligible to participate in the 2022 Voluntary Separation or Retirement Program.

This web page contains summary information regarding the plan. If there is any discrepancy between summary information and the official plan, the official plan documents will govern.

VSRP Plan Overview and Forms

Frequently Asked Questions

Important Dates

Open Meeting Schedule

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VSRP Plan Overview and Forms

• 51社区 2022 Voluntary Separation or Retirement Program Summary document [PDF]
• VSRP Election Form (Exhibit B) [PDF]
• Release and Waiver of Claims Agreement (Exhibit C) [PDF]
• Sick Leave Conversion Form* [PDF]

*Only for those eligible employees who are retiring with ten or more years of service in accordance with Section 124.39 of the Ohio Revised Code.

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Important Dates

• January 14, 2022 is the first day that individuals can indicate their interest to participate in the VSRP.

• February 1, 2022 is the date used for calculating the salary incentive payment and the additional payment based on enrollment in the university's health insurance plan.

• March 7, 2022:  Intention to participate and necessary forms and paperwork must be submitted on or before March 7, 2022 in order to receive the cash incentives associated with the plan.

• Those who participate in the program must separate service or retire on one of the four official exit dates of May 15, 2022, June 30, 2022, August 15, 2022 or December 31, 2022.

Exit Dates	Number of Incentive Payments	Incentive Payment Schedule
May 15, 2022	4 equal payments	7/31/2022, 12/31/2022, 7/31/2023 & 12/31/2023
June 30, 2022	3 equal payments	12/31/2022, 7/31/2023 & 12/31/2023
August 15, 2022	3 equal payments	12/31/2022, 7/31/2023 & 12/31/2023
December 31, 2022	2 equal payments	7/31/2023 & 12/31/2023

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Open Meeting Schedule

51社区 Human Resources Specialists will hold open meetings to review the plan and assist individuals who are considering the VSRP.  Meetings will be held online using Microsoft Teams. Visit OIT's website for assistance accessing Teams on your desktop or mobile device.

Individual appointments are available but cannot be guaranteed. Individuals requesting individual appointments should contact Human Resources at benefits@ohio.edu.The Human Resources staff that will be available for individual appointments are knowledgeable about a range of benefit issues, but they cannot provide financial advice.

Please contact your financial advisor and/or your retirement plan provider as appropriate Please be aware that 51社区 does not have access to the individual STRS or Alternative Retirement Plan (ARP) information you may need in determining whether the program is the best choice for you.

• State Teachers Retirement System (STRS)
  1-888-227-7877 and
• Alternative Retirement Plan (ARP) Providers

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