Agenda Item No V. A. 2. d.

Washburn University Board of Regents

SUBJECT: Voluntary Phased Retirement: Dr. Allan Riveland

DESCRIPTION:

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. Allan Riveland, Professor of Mathematics, has requested a three year phased retirement program culminating in final retirement at the end of the 2010-2011 academic year. The program will begin in 2008-2009, with a 75% appointment for that year, followed by a 50% appointment in 2009-2010 and 2010-2011.

Phased retirement will be of benefit to the institution by permitting Dr. Riveland to continue his superb teaching of mathematics for a few more years. Dr. Riveland has excelled not only in the classroom, but also as a mentor to students, many of whom have won awards for research and have gone on to graduate school. In addition, phased retirement will also provide fiscal benefits to the university, as outlined below.

FINANCIAL IMPLICATIONS:

The cost of hiring additional teachers to replace lost instruction will be covered by salary savings from Dr. Riveland's phased retirement. The additional savings for the three-year phased retirement will be approximately $104,529.

RECOMMENDATION:

President Farley recommends that the Board of Regents approve a voluntary three-year phased retirement request as outlined above, beginning in Fall 2008.

_________________________ _________________________

Date Jerry B. Farley, President


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