Phased Retirement Program (PRP)
The Phased Retirement Program enables eligible Career Staff members (except the Senior Management Group) to voluntarily reduce their working time and corresponding pay in exchange for a lump sum incentive upon retirement at the end of participation. The intent of the program is to help eligible employees who are 55 or older transition into retirement and allow for longer-term planning for employees, their families and the departments they work in. The reduction also helps departments achieve temporary salary savings during this period of budgetary shortfall.
The program runs from through December 31, 2014.
This program is currently only available to all Non-Represented Career Staff employees age 55 and older, who are UCRP members (except Senior Management Group).
