University News
Reminder: Voluntary Retirement Program 2018
November 28, 2018
From: WIU Benefits (HR-Benefits@wiu.edu)
Applications are still being accepted for the voluntary retirement incentive program for qualified WIU faculty and staff who are retirement-eligible according to the State Universities Retirement System (SURS). Applications for the program will be accepted through December 20, 2018.
Eligible employees who voluntarily elect to retire effective January 1, 2019 (last day of employment is December 31, 2018) will receive a one-time lump sum payment equal to 25 percent of the employee's annual base salary as of December 1, 2018. This is a limited time program based on the availability of funds. Applications will be considered in the order that they are received.
This payment cannot be considered income for calculating retirement benefits with the State Universities Retirement System (SURS). This payment will also be subject to federal and state income tax withholding and, if applicable, federal Medicare withholding.
To apply for the voluntary program, contact the Benefits Office at (309) 298-1971, ext. 3. Additional information is available at wiu.edu/vpas/human_resources/benefits/voluntaryretirement.php.
Posted By: University Communications (U-Communications@wiu.edu)
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