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</o:shapelayout></xml><![endif]--></head><body bgcolor=white lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> All Appointed Personnel [mailto:ALL-EMPLOYEES-APPOINT@LISTSERV.ARIZONA.EDU] <b>On Behalf Of </b>Eugene G. Sander, President<br><b>Sent:</b> Tuesday, August 30, 2011 2:36 PM<br><b>To:</b> ALL-EMPLOYEES-APPOINT@LISTSERV.ARIZONA.EDU<br><b>Subject:</b> Decision Regarding an Additional Incentive Plan for Voluntary Retirement<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>To: The University of Arizona Community<br>From: Eugene G. Sander, President</span><o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Last January we offered a one-time Incentive Plan for Voluntary Retirement to tenured faculty and continuing status professionals who had reached the age of 65 and had completed 10 years of service. Fifty individuals applied for this program, which translated to 20% of those eligible to participate. Savings from this program were used to reduce the impact of budget reductions on academic units. Given the need to further reduce costs, some have inquired whether the University will offer a similar program again this year. While our original intent was to offer this program as a one-time opportunity, we carefully considered the merits of a second offering. After significant analysis we have decided not to pursue another retirement incentive program this year. We share this information now to support individuals and departments as they make plans for their futures.</span><o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>This is a good time to remember that there are other flexible employment options for tenured faculty and continuing status professionals. Optional Retirement Plan participants may be interested in the Phased Retirement Plan, which combines a reduction in workload/FTE with immediate access to retirement account funds. Others may be interested in a reduced appointment to focus on certain aspects of the teaching, research, and service mission. Individuals interested in exploring these options are encouraged to speak with their department head and dean.</span><o:p></o:p></p></div></div></body></html>