At its meeting on April 4, 2016, the Board of Trustees of Monroe Community College approved a Voluntary Early Retirement Incentive Plan to be made available to all employees of the College who are eligible to retire under a State retirement system or SUNY ORP and have at least 18 years of full time service with the College. The purpose of the Plan is to assist the College in achieving cost savings that will allow us to sustain our commitment to students in a challenging budgetary environment. The Plan also recognizes the contributions of long-term faculty and staff members. The Board of Trustees has authorized the College to spend up to $3.5 million in the implementation of this Plan.
Faculty and staff members eligible to participate in the Plan will receive a letter mailed to their home regarding the Plan, which will inform them of the benefit available to them under the Plan and how to apply to participate in the Plan. Participation in this Plan is completely voluntary and is not a right. The College will review all applications and has the absolute discretion to approve or deny someone’s request to participate in the Plan. Decisions as to whether an application will be approved are based on whether the applicant meets the eligibility requirements for participation, whether approval of the application is in the best interest of the College and meets the goals of the Plan, and available funding. Retirements under this Voluntary Early Retirement Incentive Plan must occur on June 30, 2016 for 10 month employees and on August 31, 2016 for 12 month employees.
Questions regarding this Plan can be directed to the Human Resources Office.