In response to numerous requests, we have changed the years of service requirement to apply for the voluntary retirement incentive. Tenured faculty members with at least 15 years of service at UNC are now eligible. The deadline for all applications is now Friday, March 15.

To generate savings from a voluntary retirement incentive, UNC must keep vacant positions open or fill them at lower salaries, so the faculty retirement incentive is not a guarantee. Decisions will be made in the university’s best interests. Because it is difficult to re-fill staff positions at lower salaries, retirement incentives are not effective for staff.

Tenured faculty members with at least 15 years of UNC service (including this year) who are not in transitional retirement, and have not accepted other employment in a tenured or tenure-track position at another higher education institution may apply. Those who apply, are approved and decide to participate will receive 50 percent of their current base salary and remain eligible for the dependent tuition waiver until May 15, 2020. They may also remain eligible for health insurance for 18 months following their separation from UNC, with UNC continuing to pay 60 percent of the cost (through COBRA).

More information is on the Human Resources website, or call HR at 970-351-2718.