WVU'S INCENTIVIZED PHASED SEPARATION PROGRAM.
Incentivized Phased Separation is a voluntary program that provides eligible faculty and staff a gradual transition from employment by offering reduced work and reduced pay for a designated period of time. Upon exit, the employee would receive an incentive payment for participating in the program.
Learn More About Incentivized Phased SeparationProgram Overview and Eligibility
Incentivized Phased Separation is a voluntary program that provides eligible faculty and staff a gradual transition from employment by offering reduced work and reduced pay for a designated period of time. Upon exit, the employee would receive an incentive payment for participating in the program.
In general, the program is open to all faculty and staff across the WVU System who meet eligibility requirements*, which include:
- The employee currently holds a regular, benefits-eligible position at the University.
- The employee has 15 or more years of benefits-eligible service (as of Feb. 26, 2021).
- The employee must remain benefits-eligible during the phasing period.
Note: While many employees may elect to officially retire in conjunction with participation in the Incentivized Phased Separation program and take advantage of retiree benefits, the employee’s eligibility to retire upon exit is not required.
Separation Incentive Options
Eligible faculty and staff will be provided three separation incentive options through the program based on their FTE/effort reductions:
- Faculty and staff who sign an agreement with an exit date on or before Dec. 31, 2021 , will receive a monetary payment upon exit equal to 100% of the annualized value of their salary reduction.
- Faculty and staff who sign an agreement with an exit date after Dec. 31, 2021 , but on or before June 30, 2022, will receive a monetary payment upon exit equal to 75% of the annualized value of their salary reduction.
- Faculty and staff who sign an agreement with an exit date after June 30, 2022, but on or before Dec. 31, 2022, will receive a monetary payment upon exit equal to 50% of the annualized value of their salary reduction.
Note: The annualized value of the salary reduction is based on the employee’s fiscal year appointment for one year and is not based on the length of the phasing period.
Example:
A 12-month, 1.00 FTE employee with an
annual base salary of
$85,000 who reduces their effort/hours by 30% effective July 1, 2021,
would receive a lump-sum payment after their exit of:
Exit Date | Annualized Value of 30% Effort/Hours Reduction | Percentage of Annualized Value Based on Exit Date | Lump-Sum Payment Upon Exit |
---|---|---|---|
On or before Dec. 31, 2021 | $25,500 | 100% | $25,500 |
After Dec. 31, 2021, but on or before June 30, 2022 | $25,500 | 75% | $19,125 |
After June 30, 2022, but on or before Dec. 31, 2022 | $25,500 | 50% | $12,750 |
Process
Faculty and staff who meet eligibility requirements will receive an invitation via email to express their interest in the program. Employees will have until Friday, Feb. 26, at 5 p.m. to respond.
The HR partners will share each expression of interest with the employee’s dean or division leader. If the dean or division leader determines a phased separation is operationally and financially feasible, a collaborative process will begin with the chair/supervisor and the employee to determine the specific details of the transition. Additional approvals by senior administrators may be required in certain cases.
If you would like to speak with someone about the program, contact the WVU Separation
Incentives team at
WVUSeparationIncentives@mail.wvu.edu or
304-293-4399. You also may contact your
HR partner.
View the Incentivized Separation Program FAQs
Learn More About Retirement Options
Learn More About the Osher Lifelong Learning Institute
Learn More About the WVU Retirees Association
Program Timeline
Event |
Date |
Incentivized Phased Separation program launches; interest period for eligible faculty and staff opens |
Friday, Jan. 15 |
Interest period for eligible faculty and staff closes |
Friday, Feb. 26 – 5 p.m. |
University administrators review expressions of interest and conduct an operational and financial assessment |
Beginning Monday, March 1 |
Begin 45-day consideration period for faculty and staff who receive an offer |
Varies depending when Incentivized Phased Retirement program contracts are delivered to employees |
All Incentivized Phased Separation contracts must be finalized |
Friday, May 14 |