Agenda Item No. VI. B. 2. a.

Washburn University Board of Regents





SUBJECT: Voluntary Phased Retirement





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 work load for the term of the agreement, but continue receiving employee benefits as through 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.



Loretta Moore, a Professor in the School of Law, has requested a phased retirement program beginning with the spring semester of academic year 2002-03 and continuing until the end of academic year 2004-05, effective January 1, 2003. Professor Moore will teach half-time as the director of an externship program she will develop in the fall 2002 semester and retire fully in June 2005. Professor Moore's half-time assignment will provide the School of Law with an important transition period to mentor a new faculty member to assume her teaching responsibilities in the externship program.







FINANCIAL IMPLICATIONS:



Professor Moore's half-time assignment will return funds to the School of Law for the 2002-03, 2003-04, and 2004-05 academic years to help fund other programs the law school is developing.







RECOMMENDATION:



President Farley recommends that the Board of Regents approve these voluntary phased retirement requests.





_______________________ _______________________________

(date) Jerry B. Farley, President


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