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WEST VIRGINIA UNIVERSITY BOARD OF GOVERNORS PHASED RETIREMENT PROGRAM Prepared for Faculty and Staff Revised February 2003; Approved by the West Virginia University Board of Governors, April 4, 2003INTRODUCTION

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Understand the eligibility requirements for the phased retirement program.

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Employees who are approaching retirement age and want to gradually reduce their workload while maintaining some income.

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What is phased retirement program prepared?

A phased retirement program is a policy that allows employees to gradually reduce their working hours or responsibilities while beginning to draw retirement benefits, ultimately preparing them for full retirement.

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Eligible employees who wish to participate in the phased retirement program are required to file the necessary documentation.

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To fill out the phased retirement program documentation, employees need to provide their personal information, specify their desired working hours, and detail their planned transition towards full retirement.

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The purpose of the phased retirement program is to provide a structured way for employees to transition into retirement, allowing them to lessen their work commitments while still contributing their skills and knowledge.

What information must be reported on phased retirement program prepared?

Employees must report their current employment details, intended reduced work schedule, and any changes in their retirement benefits.

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