As part of our continuing efforts to prioritize funding for investment in our most strategic initiatives, West Virginia University is launching a Voluntary Separation Incentive Plan program for eligible faculty and staff. Through the program, the University may offer a lump-sum incentive payment to eligible faculty and staff, who in return would agree to separate from employment with WVU either by resignation or retirement.
In general, the program is open to all faculty and staff across the WVU System who meet eligibility requirements*, which include:
The employee currently holds a regular, benefits-eligible position at the University; and
The employee has 20 or more years of benefits-eligible service (as of March 31, 2019).
Eligible employees will be provided two exit date options through the program:
Dec. 31, 2019 (employees will receive a lump-sum incentive payment equal to 100% of their annual base salary for their primary assignment); or
End of FY20 appointment or June 30, 2020, whichever comes first (employees will receive a lump-sum incentive payment equal to 50% of their annual base salary for their primary assignment).
Beginning today, faculty and staff who meet eligibility requirements will receive an invitation via email to express their interest in the program. Eligible employees will have until Friday, May 10, at 5 p.m. to make their interest known.
University administrators will review each expression of interest individually. However, operational needs and available funds will determine whether an employee who expresses interest in the VSIP program will receive an official offer. Once the operational and financial review is complete, all eligible employees who expressed interest in the program will be notified in early fall whether they will receive an official offer.
The University will hold Campus Conversations Thursday and Friday to discuss the VSIP program in more detail.
When: |
Where: |
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Thursday (April 25) 10-11 a.m. |
Erickson Alumni Center (Salon A) |
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Friday (April 26) 1- 2 p.m. |
Mountainlair (Gold Ballroom) |
The conversations will be facilitated by Paula Congelio, vice president and chief financial officer, and Cris DeBord, vice president of Talent and Culture.
The session on Friday, April 26, also will be available to watch live at webcast.wvu.edu so all WVU campuses may participate. Supervisors are encouraged to allow their staff to attend or view the discussion as long as their operational needs permit.
RSVPs are requested, but not required. Email campusconversations@mail.wvu.edu to register.
Questions may be submitted before the event to campusconversations@mail.wvu.edu or via this form, which is not associated with an email.
Visit the Talent and Culture website for more information and FAQs on the VSIP program. Contact the WVU Separation Incentives team at WVUSeparationIncentives@mail.wvu.edu or 304.293.4399 with any questions. Visit the Bureaucracy Busters website for more information on Campus Conversations.
* Note: The 2019 VSIP program is not open to WVU Research Corp. or WVU Innovation Corporation employees; however, the program is open to WVU Research Office State employees who meet eligibility requirements. Further, employees with established employment end dates will not be eligible to participate in the program. Established employment end dates are dates now or in the future that have been documented in writing on or before April 18, 2019. Examples include, but are not limited to employees who have submitted written documentation of their plans to resign or retire on a specific date; or employees who have received official notice from the University regarding plans to end their employment on a specific date.