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MCC Daily Tribune

Final Reminder - VRIP & VSIP Incentive Plan - Applications Due: This Friday, August 16, 2024 by 5:00 PM (EST)

As a Final Reminder, the deadline for eligible employees to submit their Voluntary Retirement Incentive or Voluntary Separation Incentive application for consideration is this Friday, August 16, 2024 (by 5:00 pm EST). 

This includes phased and non-phased voluntary retirement incentive plans and a voluntary separation incentive plan. Specifically: 

  • Voluntary Retirement (non-phased) Incentive Plans (two options) for eligible employees to elect a non-phased retirement.      
    • Option A:  Voluntary Retirement Incentive Plan (VRIP) non-phased offered to eligible full-time tenured or tenure-track teaching faculty who work through the end of the Fall 2024 semester and who voluntarily retire effective December 31, 2024. 
    • Option B:  Voluntary Retirement Incentive Plan (VRIP) non-phased offered to eligible full-time tenured or tenure-track teaching faculty who work through the full year, until the end of the Spring 2025 semester and who voluntarily retire effective June 30, 2025. 
  • Voluntary Retirement (phased) Incentive Plan for eligible employees who are retirement eligible.    
  • Voluntary Separation (non-phased) Incentive Plan for eligible employees who are not retirement eligible but wish to be considered for a voluntary separation incentive.

More information regarding these incentives can be found within the 2024 Voluntary Incentive Plan tile (must be logged in first to view) as well as a Voluntary Retirement / Separation Incentive Plan website.  This information, including the application, can also be found by going to the myMCC portal then: Employee Home > Human Resources > 2024 VRIP/VSIP Incentives. 

Within these resources, you will find:

  • Incentive Plan Details & Rules
  • FAQ (Frequently Asked Questions)  
  • Comparison Table - comparing all methods under retirement as outlined within the Faculty Association Collective Bargaining Agreement
  • Voluntary Incentive Applications
  • Link to the FA Collective Bargaining Agreement

Important Details:

  • All applications will undergo a review and approval process to ensure eligibility and academic program sustainability.
  • These incentives cannot be combined with each other or applied to other incentives that are already outlined within the Faculty Association Collective Bargaining Agreement. 
  • Eligible employees can voluntarily elect only one (1) incentive plan option for review and consideration. 
  • If you have already submitted an online application and want to be considered for a different incentive plan, please contact HR to assist with withdrawing your initial application.  You can then reapply and select a different incentive for review and consideration.  Please note your new application must be submitted by the August 16, 2024 due date. 
  • Employees who submit an application for consideration will be advised whether or not their application is approved on or before September 20, 2024.
  • The voluntary incentive program is not based on a first-come, first-served.
  • The deadline to submit an application for consideration is this Friday, August 16, 2024 (by 5:00 pm EST).

We recognize that the decision to voluntarily retire or separate from your full-time teaching position with the College is as much an emotional one as a financial one.  Therefore, the decision to apply for one of these incentives must be left entirely to you, the employee. MCC can assist with providing eligible employees with information to assist with the decision, but we cannot advise as to what decision to make.

Thank you.

Tammy Kieper
Human Resources
08/14/2024