Guidelines for Retirement Agreements

In all instances concerning retirement agreements, the UIUC Library complies with the Guidelines for Employment Severance Agreements, Campus Administrative Manual, Personnel Policies, Section IV/A-17 . Anyone wishing to enter into such an agreement should completely familiarize his/her self with this policy prior to making a request. One should understand that retirement agreements are neither entitlements nor rewards for meritorious service to the University.

 

Guidelines:

  • Proposals are usually initiated by the individual to the University Librarian, although this does not preclude the University Librarian from initiating agreements.
  • Acceptance of a retirement agreement by an individual must be voluntary and free from coercion.
  • Agreements will be made for periods from less than a year to, but not to exceed, two years.
  • Salary increases are not to exceed double the campus average.
  • Lump sum payments normally will not be considered in a retirement agreement.
  • Retirement agreements will not include post-retirement employment.
  • Details of all proposed agreements must be formalized through written communications between the individual and the University Librarian.
  • All agreements must be drafted by the appropriate campus offices.
  • All agreements must be approved by the University.

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