The questions from the Staff Voluntary Retirement Plan Informational Session discussed on Tuesday, Dec. 8 can be found below. The application window for the program closes Tuesday, Jan. 15 for eligible employees. For more information on the eligibility criteria, please click here to visit the Illinois Human Resources webpage: bit.ly/2LrX0xK

How does this save the university money? Aren’t we paying people more money? (23:31)
Does this Staff Voluntary Retirement Plan mean there will be layoffs? (24:38)
How do I decide if this is right for me? (26:33)
How is the university interacting with the labor unions? (27:34)
Last time, the university had a separation program for people who aren’t eligible to retire. Why don’t you have that this time? (28:09)
How much do you estimate this will cost in the short-term? How much do you estimate it will save in the long-term? (29:59)
How did you choose the date range? (32:18)
Why does the Division of Intercollegiate Athletics have a different program? (35:16)
Can an application be turned down? (36:57)
What options will units have to refill positions? (38:00)
Will the functional reviews continue? (39:32)
If I am accepted, can I choose my retirement date? (40:30)
If I am accepted, how does this impact my annuity? (41:22)
If I retire with less than 20 years of service, will my insurance be covered by the State through SURS? (42:11)…(read more)

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