Common Contracts
1 similar Phased Retirement Agreement contracts
AGE: YEARS OF SERVICE: RETIREMENT PLAN:Phased Retirement Agreement • November 8th, 2017
To participate in the University of North Carolina Phased Retirement Program (the "program"), I understand that I hereby voluntarily resign my full-time employment with the University of North Carolina ("UNC")/ The University of North Carolina at Pembroke (“UNC Pembroke”), give up my tenured status, and accept a half-time, non-tenured phased retirement position. I further understand that I may elect to start receiving the benefits I have accrued under either the Teachers’ and State Employees’ Retirement System ("TSERS") or the Optional Retirement Plan ("ORP"), but am not required to do so. Furthermore, all retirement benefits for which I am eligible shall be determined in accordance with the applicable plan. I understand and acknowledge that my decision to participate in this program is voluntary and irreversible.
