District Board of Trustees Approves Retirement Incentive Program Transition Plan

A message from Amy Bosley, Vice President, Organizational Development and Human Resources

I’m writing to share that the District Board of Trustees approved the transition plan to close the Retirement Incentive Program at its regular meeting this morning. The plan was approved without any modifications.

As a reminder, the following Transition Period and Extended Transition Periods have been established:

rip-change-chart-grove*One-time, lump-sum payout not tied to calculation of retirement incentive payout in existing policy, paid after last day worked

As we have shared, those employees who are in one of the three transition periods will be notified tomorrow, Thursday, September 24, 2015, via email. At that time, eligible employees will be able to make an appointment for a meeting with a certified financial planner from Ernst and Young between Thursday, October 1, 2015, and Friday, November 20, 2015.

If you have any questions about eligibility after tomorrow, please contact your campus director of organizational development and human resources.

If you have any questions, comments or concerns about the transition plans and program closure, please don’t hesitate to contact me at abosley@valenciacollege.edu or extension 8255.

Thank you for your patience, support and feedback.

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