Benefits - Phased Retirement Program

PHASED RETIREMENT PROGRAM OPEN ENROLLMENT

September 1, 2011 – November 23, 2011

The open enrollment period for tenured faculty who wish to enter the Phased Retirement Program (the “Program”) beginning in the 2012 - 2013 academic year is September 1, 2011 through November 23, 2011. Participants must attend a meeting in Human Resources and review enrollment materials by November 23, 2011.

The Program is available only to full-time tenured faculty members if, by August 1, 2012, they:

  1. Have at least five years of full-time service at UNCW;
  2. Are age 62 or older for members of the Teachers’ and State Employees’ Retirement System (TSERS) or 59 ½ or older for participants in the Optional Retirement Program; and
  3. Are eligible to receive retirement benefits through either TSERS or the ORP, as applicable.

Interested faculty are strongly encouraged to attend an informational meeting in on September 14th from 9:00 – 10:30 am in the FSC Sunset Beach Room or September 22nd from 3:00 to 4:30 pm in the FSC Topsail Island Room. To register for a session or to receive enrollment information, e-mail halep@uncw.edu or call Patti Hale at 962-2033.

Important Dates
Eligibility Work Sheet
Application Instructions
Application & Reemployment Agreement
General Release
Employee Benefit Information
Plan Summary

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