Wayne State University

Aim Higher

Special Retirement Incentive Program (SRIP)

Wayne State University is pleased to announce the voluntary 2011 Special Retirement Incentive Program (SRIP).  The 2011 SRIP program is designed to reach a broad range of employees consistent with overall University and individual department needs.  This program is one step in assisting the University in meeting expected State funding reductions.
 

Program Implementation Timeline

Program Announcement April 6th, 2011
Election Period April 6th – May 31st, 2011
Effective Date for Retirements
(Determined on an individual basis by the School / College / Division)
June 30th through September 30th, 2011


Program Election Steps

Eligible employees who wish to participate in SRIP 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 May 31st, 2011.  In addition, you will need to complete the 2011 Retirement Incentive Program Payment Election Form and provide to Total Compensation and Wellness by your retirement effective date.  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