Welcome to ERIP-2013
Indiana University is committed to providing students with an affordable, high-quality education. This can be challenging in today’s environment, especially when the University continues to be confronted with rising cost. To support the University’s commitments and to assist administrators in responding to various fiscal and organizational challenges, Indiana University is providing a limited-time incentive for certain employees to retire earlier than otherwise expected. Early Retirement Incentive Plan 2013 (ERIP-2013) is for eligible Academic and Staff employees. Voluntary separations under ERIP-2013 are intended to achieve specific institutional objectives: reduction in salary/wage and associated benefit costs, redirecting positions to focus on higher priorities, or may assist in avoiding or minimizing future involuntary terminations due to reductions in personnel.
The ERIP-2013 is not a benefit to which employees are entitled. A fundamental requirement of the ERIP-2013 is that approved applications must achieve one of the institutional objectives described above. Not every application to participate in the ERIP-2013 will be approved.
|ERIP-2013 Separations Effective May 31, 2014|
|March 21, 2014||Signed Separation Agreements are Due|
|Week of May 19, 2014||HRA Debit/Visa cards and information mailed|
|May 30, 2014||Last paycheck for monthly paid employees (includes any separation pay)|
|June 1, 2014||Contribution deposits credited to HRA accounts|
|June 20, 2014||Last paycheck for bi-weekly paid employees (includes any separation pay)|
|Week of June 23, 2014||Income Replacement payment checks processed, and mailed|
|Month of June 2014||Additional benefits information mailed (e.g. COBRA)|