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Voluntary Separation or Retirement Program (VSRP)

At the October 2021 meeting, the Ohio University Board of Trustees approved a resolution authorizing the University to establish and implement a Voluntary Separation or Retirement Program (VSRP) for full time tenure track (tenured and probationary) faculty members and administrative staff with the academic rank of tenured professor or tenured associate professor in strategically defined academic programs.

Individual emails will be distributed to Faculty and Staff who are eligible to participate in the 2022 Voluntary Separation or Retirement Program.

This web page contains summary information regarding the plan. If there is any discrepancy between summary information and the official plan, the official plan documents will govern.

VSRP Plan Overview and Forms

Frequently Asked Questions

Important Dates

Open Meeting Schedule


VSRP Plan Overview and Forms

*Only for those eligible employees who are retiring with ten or more years of service in accordance with Section 124.39 of the Ohio Revised Code.

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Important Dates

  • January 15, 2022 is the first day that individuals can indicate their interest to participate in the VSRP.

  • February 1, 2022 is the date used for calculating the salary incentive payment and the additional payment based on enrollment in the university's health insurance plan.

  • March 7, 2022:  Intention to participate and necessary forms and paperwork must be submitted on or before March 7, 2022 in order to receive the cash incentives associated with the plan.

  • Those who participate in the program must separate service or retire on one of the four official exit dates of May 15, 2022, June 30, 2022, August 15, 2022 or December 31, 2022.

Exit Dates

Number of Incentive Payments

Incentive Payment Schedule

May 15, 2022

4 equal payments

7/31/2022, 12/31/2022, 7/31/2023 & 12/31/2023

June 30, 2022

3 equal payments

12/31/2022, 7/31/2023 & 12/31/2023

August 15, 2022

3 equal payments

12/31/2022, 7/31/2023 & 12/31/2023

December 31, 2022

2 equal payments

7/31/2023 & 12/31/2023

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Open Meeting Schedule

Ohio University Human Resources Specialists will hold open meetings to review the plan and assist individuals who are considering the VSRP.  Meetings will be held online using Microsoft Teams. Visit OIT's website for assistance accessing Teams on your desktop or mobile device.

DATE

TIME

MEETING LINK

Tuesday, November 2, 2021

11:00am

Join Microsoft Teams Meeting(opens in a new window)

Tuesday, November 2, 2021 2:00pm Join Microsoft Teams Meeting
Thursday, November 4, 2021 12:00pm Join Microsoft Teams Meeting(opens in a new window)

Friday, November 5, 2021

11:00am

Join Microsoft Teams Meeting(opens in a new window)

Tuesday, November 9, 2021

10:00am

Join Microsoft Teams Meeting

Wednesday, November 10, 2021 1:00pm Join Microsoft Teams Meeting
Wednesday, November 17, 2021 3:00pm Join Microsoft Teams Meeting
Wednesday, December 1, 2021 3:00pm Join Microsoft Teams Meeting
Wednesday, December 8, 2021 2:00pm Join Microsoft Teams Meeting
Friday, December 3, 2021 2:00pm Join Microsoft Teams Meeting
Tuesday, December 14, 2021 3:00pm Join Microsoft Teams Meeting
Friday, December 17, 2021 10:00am Join Microsoft Teams Meeting
Tuesday, January 11, 2022 10:00am Join Microsoft Teams Meeting
Friday, January 14, 2022 1:00pm Join Microsoft Teams Meeting
Tuesday, January 18, 2022 12:00pm Join Microsoft Teams Meeting
Thursday, January 20, 2022 11:00am Join Microsoft Teams Meeting
Wednesday, January 26, 2022 10:00am Join Microsoft Teams Meeting
Thursday, January 27, 2022 2:00pm Join Microsoft Teams Meeting
Wednesday, February 2, 2022 10:00am Join Microsoft Teams Meeting
Tuesday, February 8, 2022 2:00pm Join Microsoft Teams Meeting
Wednesday, February 16, 2022 12:00pm Join Microsoft Teams Meeting
Wednesday, February 23, 2022 3:00pm Join Microsoft Teams Meeting
Tuesday, March 1, 2022 10:00am Join Microsoft Teams Meeting
Friday, March 4, 2022 2:00pm Join Microsoft Teams Meeting

Individual appointments are available but cannot be guaranteed. Individuals requesting individual appointments should contact Human Resources at benefits@ohio.edu.The Human Resources staff that will be available for individual appointments are knowledgeable about a range of benefit issues, but they cannot provide financial advice.

Please contact your financial advisor and/or your retirement plan provider as appropriate Please be aware that Ohio University does not have access to the individual STRS or Alternative Retirement Plan (ARP) information you may need in determining whether the program is the best choice for you.

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