Phase In Retirement

The University of Nevada Las Vegas offers a phase in retirement program that allows employees to phase in to retirement over an agreed period of time not to exceed 5 years. During the phase in period, the employee works less than full time but equal to or more than half time so that they retain benefits eligibility. Contributions to the employee's retirement account during the phase-in period will be based on the employee's salary at 100% FTE (both employee and employer contributions).

The phase-in process is governed by a formal contract between the employee and the University. The basic provisions of the program are outlined below.

Eligibility

  • The employee must have attained the age of 65 and completed at least 5 years of service with the institution at the expiration of the term of the agreement; or
  • The employee must have attained the age of 60 and completed at least 10 years of service with the institution at the expiration of the term of the agreement; or
  • The employee would have completed 30 years or more of service with the institution at the expiration of the term of the agreement.

Application Process

  • Complete the phase in retirement application and returns the application to HR
  • HR reviews the application to determine eligibility. If employee is eligible, then the application is forwarded through the employee's chain of command for approval.
  • Once the president approves the application, Human Resources will make arrangements with the employee to complete the phase in agreement.
  • No contract exists until such time as the agreement has been fully executed by the president of the institution.
  • Any changes to the agreement, once executed, must be endorsed by the president and approved by the NSHE Chancellor.

Deadlines

An application for phase in retirement is due on February 1 of each year for the following Fall Semester.