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Retirement Programs

Faculty Retirement and Transition Programs

The university may offer a Faculty Early Retirement Incentive Program (FERIP) and/or a Faculty Transition Incentive Program (FTIP) in an effort to provide a financial early retirement incentive for certain tenured faculty that will facilitate the release of tenured faculty resources for budget reallocation or reduction in accordance with the university Strategic Plan goals, changes in enrollment, and other university needs. HR professionals/associates may be asked to review lists of eligible faculty by the Office of Faculty Recruitment and Retention, may be asked by faculty about the plan, and/or may be asked to facilitate providing information/FERIP agreements to the faculty.