2025 Voluntary Retirement Incentive Program (VRIP) Application of Interest

Tags VRIP

This form represents an application of interest for participation in the 2025 UTC Voluntary Retirement Incentive Program (VRIP). Information sessions will be held in November for eligible employees to share resources related to retirement plans and proceedings, retiree benefits, etc.

Step 1 – Due December 2, 2024: Eligible employees interested in potential participation in the VRIP should submit an application of interest by the December 2, 2024 deadline to hold their place for consideration in the program. Employees who do not submit the application of interest by the required December 2 deadline will not be eligible for participation in the incentive program. Select "Request VRIP" to fill out an application of interest before the December 2nd deadline.

Once submitted, an HR team member will return a customized Retirement Incentive Agreement within 14 days following the December 2 application deadline. The customized agreement will include the estimated lump sum incentive payment of 50% of the employee’s annualized base salary for continued consideration through the January 13, 2025 program deadline.

Step 2 – Due January 13, 2025: Employees must sign and return the customized Retirement Incentive Agreement to Human Resources by January 13, 2025 to confirm their request to participate in the program for further consideration by University administration. Employees who do not return the signed agreement to Human Resources by the deadline will not be eligible for participation in the program. Instructions for submitting signed agreements will be included in future communications from Human Resources.