Wayne State University

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Academic Voluntary Retirement Incentive Program (AVRIP)


Wayne State University is pleased to announce the 2015 Academic Voluntary Retirement Incentive Program (AVRIP). This program is designed to meet the retirement needs of our Medicare eligible tenured faculty and academic staff with Employment Security Status.  The University does not intend to offer a similar retirement incentive program for at least 5 years.  

Program Implementation Timeline

Program Announcement

October 23rd, 2014

Election Period

October 23rd, 2014 - February 6th, 2015

Effective Date for Retirements
 

9-month employees May 15th, 2015

12-month employees August 30, 2015


Program Election Steps

Eligible employees who wish to participate in AVRIP must contact the Total Compensation and Wellness Department to determine eligibility.  You will need to notify your School / College / Division leader of your decision to participate in the program.   A Separation and Release Agreement must be delivered to the Total Compensation and Wellness Department in Human Resources no later than February 6th, 2015. Address is the following:

Total Compensation and Wellness
5700 Cass Avenue
Suite 3638 AAB
Detroit, MI  48202
313-577-3717

Additional information on the election requirements, Health Reimbursement Arrangements (HRA’s) and required forms can be accessed on this page.

 

 

Program  Information