SUBJECT: Voluntary Phased Retirement: Dr. William Wagnon
At its November 8, 2000 meeting, the Board of Regents approved the renewal of the voluntary phased retirement plan originally approved on February 18, 1998. Under this plan, employees meeting applicable criteria could apply for, and receive if deemed in the best interests of the University, voluntary phased retirement from the University. Under the program approved, the successful applicant would receive a reduced workload for the term of the agreement, but continue receiving employee benefits as though she or he were a full-time employee of the University. The program at Washburn University is similar to that of the state educational institutions.
Dr. William Wagnon, a Professor in the Department of History, has requested a phased retirement program for the academic years 2006-07 and 2007-08, effective August 1, 2006. Dr. Wagnon's appointment will be at 50% for each of those years.
Phased retirement will be of great benefit to the institution by permitting Dr. Wagnon to continue teaching in his specialty of American History, where student demand has been great. It will also provide fiscal benefits to the University, as outlined below.
The cost of hiring additional teachers to replace lost instruction will be covered by salary savings from Dr. Wagnon's phased retirement. The savings of the two-year phased retirement will be approximately $75,765.
President Farley recommends that the Board of Regents approve this voluntary phased retirement request.
(date) Jerry B. Farley, President