Voluntary Separation (Retirement) Plan
The University System of Georgia has approved a voluntary separation plan as one strategy to navigate the budget reductions for Fiscal Year 2021 which begins on July 1, 2020. This plan provides an incentive to employees who are eligible for retirement under The Board of Regents Policy 220.127.116.11 on the effective date of retirement. In accordance with policy, this plan does not provide for an “early” retirement option by giving employees service credits they have not already earned. Georgia Southern will honor this plan for employees who have notified us of their intent to retire beginning May 15, 2020 – July 17, 2020 with an effective date between August 1, 2020 and October 1, 2020. The plan provides a four month salary package to qualifying employees.
Employees considering this plan should review the information available on our Voluntary Separation Plan web page. It is important to note that the deadline for the application to participate in this program is July 17, 2020.
Please review the information available on the website. If you have any questions about the plan, please submit them to email@example.com.
Posted in Benefits