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The College has developed a voluntary retirement incentive in response to employee suggestions for reducing compensation expenses. Staff will be eligible for a retirement incentive if they have reached at least age 55 and have ten consecutive years of service at the College on the date of retirement. Eligible participants may choose to retire between January 1, 2009 and August 31, 2009 on a date mutually agreed upon with her/his supervisor. Following the date of retirement the employee will receive a payment equivalent to six months of salary/wages, less required deductions. Vacation time may be cashed out or the employee may request to use vacation before the retirement date (pending approval by manager). The retiree will be eligible for all benefits that she/he would normally be eligible for under retirement. Retiree health eligibility rules in effect on the date of the retirement will apply.
In order to qualify for the staff retirement incentive, employees must notify their department head and copy the Chief Human Resources Officer, Traci Nordberg, in writing (email is acceptable) of her/his intent to retire under this program. Staff with a retirement date already set between January 1, 2009 and August 31, 2009 are eligible for this incentive. While the specific date of retirement prior to August 31, 2009 doesn't need to be finalized in the letter of intent, the notification must be received by or before January 16, 2009 and it will be binding. A follow-up conversation by the department head would be made to confirm the specific date. The letter of intent should be sent to: traci.nordberg@dartmouth.edu, by Hinman to Box 6042, by mail or in person: Human Resources, 7 Lebanon St., Second Floor, Hanover, NH 03755
If you have questions about the incentive, please call Human Resources at 646-3411.
