Voluntary retirement incentive program offered for FY11

NAU President John Haeger has announced that Northern Arizona University again will offer the Voluntary Separation and Retirement Incentive Program for eligible faculty and staff to allow the university to redirect budget resources amid cuts to state funding.

“Northern Arizona University is looking for ways to be flexible during these challenging economic times,” Haeger said. “As we prepare for the difficult decisions the state Legislature has to make, offering this opportunity to our employees and freeing up a portion of our budget is a win-win situation.”

Tenured faculty and academic professionals who are at least 60 years old by June 30 and have worked at NAU for at least 10 years are eligible for the program. Approximately 140 individuals are eligible for the program this year.

Participants in the program will receive a cash incentive equal to 90 percent of their base academic year salary for FY11. NAU will accept enrollment in the Voluntary Separation and Retirement Incentive program between mid-January and the end of March. Faculty and academic professionals eligible for the program will receive details by mail last week.

If you are eligible and have not received notification, contact Dan Kain at (928) 523-7122 or Daniel.Kain@nau.edu.

The program previously was offered for FY10 with more than 40 employees taking advantage.