SUBJECT: Voluntary Phased Retirement
DESCRIPTION: The University's Controller, Dolores Lewis, previously had submitted her resignation effective March 31, 1999 and an interim was named pending the completion of a search for an Assistant Vice President/Controller. Since the resignation of the Vice President for Administration and Treasurer, John Moore, for personal reasons, the administration has determined that the interests of the University are best served by closing the search for the Assistant Vice President/Controller position until a new Vice President is named and retaining the services of Ms. Lewis through the close of the current fiscal year and completion of the Fall enrollment and subsequent reporting period September 30, 1999. Ms. Lewis has agreed to assist the University through this difficult time on a one year voluntary phased retirement agreement. The phased retirement appointment is as .5 FTE Controller.
FINANCIAL IMPLICATIONS: Adequate funding exists in current Vice President for Administration & Treasurer accounts to cover April through June salary amounts. Salary amount for FY 00 will be included in that budget. Total salary for the period of phased retirement is $32,500
RECOMMENDATION: The President recommends the approval of the voluntary phased agreement.
(date) Jerry B. Farley, President