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Early Retirement Incentive Program 2011

Early Retirement Incentive Program 2011. APAS/Excluded Professional Administrative Plan. Important Dates.

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Early Retirement Incentive Program 2011

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  1. Early Retirement Incentive Program 2011 APAS/Excluded Professional Administrative Plan

  2. Important Dates • Complete and sign the irrevocable notice of intent to retire on the Application for Participation & Record of Separation for Employees NOT Covered by the YSU/ACE Agreement Form by January 31, 2011. • . (Please note, if you do not submit notice by January 31, 2011 you will move to the bottom of the second tier participation list.) • Retirement Dates can range from February 1, 2011 through March 1, 2012.

  3. Retirement Process • The completed Application for Participation & Record of Separation form must be submitted to the Benefits Area of Human Resources. • Any changes to the retirement date listed on the Application for Participation & Record of Separation Form must be communicated at least three months prior to the actual retirement date but no later than November 1, 2011. • Any additional eligible non-ACE bargaining unit employees from the first 100 who submitted their irrevocable notice after January 31, 2011 will be at the bottom of the participation list.

  4. Retirement Process Cont. • If any service credit has been purchased by non-payroll deduction after June 30, 2009 and you are not already in the first 100 on the list, you must notify the Executive Director of Financial Services. • Human Resources/Benefits will prepare for the employee’s signature, Form F111C (ERIP Employee and Employer’s Agreement Form). Participating employees must submit to Human Resources/Benefits the following at the time the employee signs Form 111c: • Proof of birth • Proof of any legal name change • Human Resources/Benefits will send the completed Form F111c to OPERS. Absolutely no changes can be made after OPERS has received the form.

  5. Additional Information • An updated participation list has been posted to the Human Resources website at http://www.ysu.edu/hr/.

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