In 2019, eligible MU, UMKC, Missouri S&T and UMSL tenured faculty members who meet certain age and service criteria will have a one-time opportunity to receive a lump sum payout for separating from the University effective September 1, 2019 for 9-month faculty, and between July 1–September 1, 2019 for 12-month faculty. The payout will be 1.5 times benefit eligible salary, with a maximum payout not to exceed $200,000. The Voluntary Separation Program (VSP) is designed to recognize contributions made by eligible participants while also helping schools and colleges manage in a challenging financial environment.
To be eligible to participate, faculty members must, as of their retirement date:
- hold a tenured appointment;
- be full-time and benefit eligible;
- have accrued five years or more of creditable service; and
- be age 62 or over.
More information will be provided to those who are eligible in early spring of 2019.
To learn more about this voluntary program and access resources that can help eligible faculty members make the decision that’s best for them, access our VSP webpage.
Access the VSP Request to Rehire Retired Faculty Form