If you apply to the voluntary retirement initiative program, it does not guarantee your application will be approved.ÌýÌý
After you apply, your department will consider potential business justifications for approving or denying your VRIP application; this business justification will then be reviewed by campus executive leadership. You will receive notification of approval/denial by October 14.
If you initially apply and then you decide that you want to revoke your application before the September 30 application deadline, you can do so.Ìý
If the VRIP application is approved, you have 45 days from the date youÌýreceive the voluntary separation agreementÌýtoÌýsign it.ÌýOnce signed, you have another seven days to rescind your signature and not voluntarily retire from CU °Ç¸ç³Ô¹Ï.
Further, once you receive an approved separation agreement, youÌýhave 45 days to sign; however, you can sign the agreement and return the agreement at any time during the 45 day period.ÌýÌý
ÌýAfter signing, you will have 7 days from the time you sign the agreement to rescind your decision.
January retirees: You wil receive your final paycheck on the last day of employment, December 31. Any eligible leave and vacation balances will also be paid, if applicable. The VRIP retirement incentive will be paid in January.
June retirees:ÌýÌýThe retirement incentive and your regular paycheckÌýwill be paid on the lastÌýday of employment, May 31, 2025. Any eligible leave and vacation balances will be paid out on the last day of employment.ÌýÌýHR to confirm leave balances.ÌýÌýÌýÌý
Please explore yourÌýwith Employee Services. If your retirement benefits are with CU °Ç¸ç³Ô¹Ï, Employee Services will email you regarding your retirement and benefits eligibility after you apply. This does not mean you are approved for VRIP, just that you are eligible or ineligible for retirement. You may reach out to Employee Services at benefits@cu.edu if you have questions.
Once your retirement date is set and your full VRIP application is approved; subsequent retirement meetings will be scheduled three months before your retirement date with Employee Services.
ÌýPlease note, that appointments for individuals applying for the January 1 retirement date will take precedence over the June 1 retirement date. If your retirement benefits are with PERA,Ìýto confirm your eligibility and understand the steps to initiate the PERAÌý process and procedures for retirement.​
Ìý ÌýPLEASE ALLOW 5 BUSINESS DAYS AFTER APPLYING TO BE NOTIFIED OF YOUR RETIREMENT BENEFITS ELIGIBILITY.Ìý DO NOT APPLY MORE THAN ONCE.Ìý
