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Voluntary Separation Incentive Program

 

As President Ramsey announced in his 21st Century Status Report to the University community, the University of Louisville is considering a Voluntary Separation Incentive Program (VSIP) that would provide eligible faculty and staff a financial incentive to separate from employment status. This is a one-time opportunity; we do not anticipate offering similar incentive plans in the future. In order to determine the level of interest in such an incentive and the feasibility of offering the program, we need to know how many individuals are likely to take advantage of it.

Please review the proposed eligibility criteria and benefits as outlined in the documents below. Then, if you qualify and are interested in the program, please complete the confidential expression of interest  by Monday, April 1. The expression of interest is non-binding and does not obligate you to accept the incentive or to separate from employment. You do not need to disclose your interest to your department chair or director at this time.

 


Click the links below for more information:

VSIP Processing Guidelines    (May 15, 2013)

Voluntary Separation Announcement (PDF)

VSIP Overview (PDF)

Frequently Asked Questions (PDF)

Non-Binding Expression of Interest (Electronic Form)

Withdraw from VSIP Expression of Interest (Electronic Form)

2013 VSIP and Retiree (under age 65) Health Plan Premiums (PDF)

VSIP Benefit Conversion Information (PDF)

Draft VSIP Agreement – Faculty with Tenure (PDF)

Draft VSIP Agreement – Administrators & Staff (PDF)

Benefit Transition Guide (PDF)

Grawemeyer Ceiling

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