SUBJECT: Voluntary Phased Retirement
DESCRIPTION: At its February 18, 1998 meeting, the Board of Regents approved the voluntary phased retirement plan under which 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 work load 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 Kansas Board of Regents state educational system.
Charlene Smith, Professor in the School of Law, has requested a phased retirement program for a period of three years beginning with the 2000-2001 academic year on August 1, 2000. Professor Smith will be a .45 time appointment, rather than three-quarters time. This phased retirement period will allow the Law School to fill Professor Smith's position when her phased retirement ends with a full-time Ahrens Chair Professor of Tort Law. Time is needed to acquaint as large a pool of torts scholars as possible with the advantages of Washburn Law School and Topeka before they search for the holder of the Ahrens Chair. The annual earnings from the Ahrens Chair endowment are insufficient to hire a full-time faculty member of the stature befitting the Chair. The Law School will combine those earnings with amounts from Professor Smith's general find line item when her phased retirement concludes to produce the needed salary.
FINANCIAL IMPLICATIONS: No additional general fund dollars are required. The Law School will continue to use earnings from the Ahrens Chair Endowment to defray costs of visiting tort scholars programs.
RECOMMENDATION: President Farley recommends that the Board approve this voluntary phased retirement request.
(date) Jerry B. Farley, President