Manager Retirement Incentive 2005

Frequently Asked Questions (FAQ)

 

What is the current retirement incentive?

CCCD Managers who retire on or before December 31st, 2005 will receive a one-time payment in the form of an annuity equal to 50% of his/her current annual salary.  Managers are directed to meet with an annuity consultant to discuss the specific annuity options available to them under this program.

 

How do I enroll in this program or announce that I want to retire under this incentive?

First, you must file a Letter of Intent to Retire with the Vice Chancellor of Human Resources, Dr. Joseph Quarles.  Second, you must file your paperwork to retire from PERS or STRS (whichever system you are in.)

 

When must I submit my Letter of Intent to Retire?

To be eligible for the retirement incentive, you must submit your Letter of Intent to Dr. Quarles by Monday December 19th.  The effective date of your retirement must be on or before December 31, 2005.  A copy of your Letter of Intent should also be given to your Supervisor since the Personnel Action Form (PAF) will be generated by your supervisor.

 

If I do NOT retire on or before December 31, 2005 under the current incentive program, when will the next incentive be offered?

There are NO future manager retirement incentives scheduled. 

 

  

FYI: 

ACCCA is conducting Retirement and Investment Strategies Seminars/Luncheons!