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The Retirement Incentive Option (RIO), an opportunity for voluntary retirement for eligible University of Minnesota employees, closed on May 15, 2011. Eligible participants including faculty, P&A, civil service, union represented, and University employees enrolled in federal health benefits were required to complete an application and meet the program requirements before the closing date. All faculty and staff employees who elected to participate in RIO must retire at a date mutually acceptable to the employee and his/her unit, but no later than January 11, 2012.
For additional information,refer to the appropriate job classification materials:
Faculty and Academic Professional and Administrative (P&A)
For Responsible Administrators/Supervisors: ADEA Statistics (pdf)
If you have additional questions, contact the Benefits Service Team at 612.624.9090 or 800.756.2363, option 2 or send an email to firstname.lastname@example.org.