Faculty Council subcommittee has input on early retirement incentive

Group will suggest expansion of proposal under consideration
By Staff

Faculty suggestions for an early retirement incentive plan being considered by administration and pending changes to administrative policy statements are on the agenda for Thursday's meeting of the Faculty Council.

The council's budget committee will present a resolution it passed Monday, a response to a proposed early retirement incentive for tenured faculty. E. Jill Pollock, senior associate vice president and chief human resources officer, presented her review of the university's early retirement programs at last month's Faculty Council meeting.

Under consideration is a new addition to a faculty member's phased retirement program: an early retirement incentive, tied to immediate retirement on a date agreed upon by the faculty member and university administration. The incentive might be paid in a lump sum or over a period of time.

The budget committee's resolution recommends increasing the proposed offer of two years' base salary to three years' base salary. It also suggests that a revenue source — such as tax anticipation notes or bonds — be developed specifically to fund the early retirement incentive program.

Also at Thursday's meeting, set for noon to 3 p.m. at 1800 Grant St., Denver, the council's personnel committee and educational policy and university standards committee will suggest minor revisions to administrative policy statements on conflict of interest and commitment, intercampus transfer of students, and performance ratings for faculty.