Common Contracts
1 similar Phased Retirement Agreement contracts
UNIVERSITY OF NORTH CAROLINA PHASED RETIREMENT APPLICATION ANDPhased Retirement Agreement • November 21st, 2023
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 Chapel Hill, 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 and retiree health is contingent on a monthly benefit from TSERS or the ORP. I understand and acknowledge that my decision to participate in this Program is voluntary and irreversible.
