Phased Retirement Program. The UCF Phased Retirement Program (PRP) allows eligible employees to transition to retirement while their department or unit benefits from their effort and experience. The PRP is voluntary and provides reduced duties for one to five years at commensurate compensation. Eligible employees may elect annually to participate in the PRP.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement
Phased Retirement Program. The UCF Phased Retirement Program (PRP) allows eligible employees to transition to retirement while whil their department or unit benefits from their effort and experience. The PRP PR is voluntary and provides reduced duties for one to five years at commensurate compensation. Eligible employees may elect annually to participate in the PRP.
Appears in 1 contract
Sources: Collective Bargaining Agreement