Apr 6, 2011
On Wednesday, Ohio University Chief Human Resources Officer Linda Lonsinger sent an e-mail to all OHIO employees regarding the deadlines for participation in the Voluntary Early Separation Plans (VESP) and Early Retirement Incentive Plans (ERIP).
Dear Faculty and Staff,
Some changes have been made in the timeline for the Early Retirement Incentive Plans (ERIP) and Voluntary Employment Separation Plans (VESP). The decision was made to change the timeline in response to employees' requests for more time to consider their options. Please note that the new declaration deadline is May 23, 2011.
The sign-up period for the ERIP and Voluntary VESP programs begins today, Wednesday, April 6, 2011. Please note that in order to receive the cash bonuses associated with some of the plans, you must declare your intention to accept by May 23, 2011. Eligible faculty and staff who wish to participate in these voluntary programs must complete a declaration form on or before May 23. Forms are posted on the University Human Resources website, (OAK ID and password required).
To aid you in making a decision about your options, Ohio University Human Resources specialists will continue to be available from 1-4 p.m. on Mondays, Wednesdays and Fridays to meet with individuals who are considering one of the ERIP or VESP opportunities. We recommend that you make an appointment by calling (740) 593-1636. Walk-in appointments are also available but cannot be guaranteed, as those who schedule appointments will have priority. Please remember that while the Human Resources staff is knowledgeable about a range of benefit issues, they cannot provide financial advice.
If you are eligible for either the ERIP or VESP, I encourage you to review the information on these voluntary plans and the relevant deadlines for enrollment. You can find eligibility information, plan information, deadlines, and frequently asked questions at the web addresses below (OAK ID and password required).
As you consider your options, I also urge you to visit the OPERS website* and make time to travel to Columbus to speak with an OPERS or STRS adviser*, as appropriate. We encourage faculty to call STRS on a weekly basis, as additional appointments may be made available.
Please be aware that Ohio University does not have access to the type of OPERS/STRS information that you might need in determining whether an ERIP or VESP is the best choice for you. OPERS is located at 277 East Town Street in Columbus (1-800-222-7377) STRS is located at 275 E. Broad St. in Columbus (1-888-227-7877).
Again, all employees who are eligible for ERIP and VESP options may enroll in those options beginning on April 6. In order to receive the cash bonuses associated with some of the plans, you must complete the required paperwork by May 23, 2011.
Chief Human Resources Officer