Agenda Item V. A. 2. e.
Washburn University Board of Regents
SUBJECT: Voluntary Phased Retirement: Dr. Larry Blumberg
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. Larry Blumberg, Professor and Chair of the Department of Mathematics and Statistics, has requested a phased retirement program for the academic years 2007-2008, 2008-2009, and 2009-10, effective August 1, 2007. Dr. Blumberg's appointment will be at 50% for each of those years.
Phased retirement will be of benefit to the institution by permitting Dr. Blumberg to continue teaching mathematics and to mentor his successor as faculty representative to Athletics. 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. Blumberg's phased retirement. The additional savings for the three-year phased retirement will be approximately $97,650.
President Farley recommends that the Board of Regents approve this voluntary phased retirement request.
Date Jerry B. Farley, President