Special Retirement Program (PDAD&C #26)
From: Kelly Hannah-Moffat, Vice-President, Human Resources & Equity;
Heather Boon, Vice Provost, Faculty & Academic Life
Date: November 29, 2019.
Re: Special Retirement Program (PDAD&C #26)
We are pleased to advise you that we have reached agreement with the Faculty Association regarding a Special Retirement Program for faculty members and librarians. The program, which is offered on a one time only basis, will provide a financial option for eligible faculty members and librarians who choose to retire or commence a paid leave of absence leading to retirement as of June 30, 2020. Faculty members or Librarians who wish to take advantage of the program would be required to notify the University of their election by April 1, 2020.
The Special Retirement Program is not intended to reduce our overall complement of faculty and librarians, but rather to offer options for those considering retirement. As such, the University agreed with UTFA that searches will be undertaken within a three year period for 90% of the vacancies and within a five year period for 100% of the vacancies created across the University as a whole as a result of this program.