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November/December 2009

LCC Offers Voluntary Retirement Program

The LCC Board of Trustees approved a Voluntary Retirement/Separation Incentive Program for all current full-time employees with 20 or more years of LCC service (including part-time service) as of December 31, 2010. This program is similar to the one implemented in spring 2009 and is designed to address anticipated reductions of funding during the 2010-11 academic year.

The Voluntary Retirement/Separation Incentive Program provisions and implementation plan includes:

  • Incentive payments consisting of 45% of annual base salary
  • Information packets emailed to eligible employees' LCC email addresses by November 25, 2009; a Frequently Asked Questions document will be sent with the packet
  • Application period ending on February 15, 2010
  • Information meetings on campus during the application period
  • Approval, modification or disapproval of applications by March 15, 2010
  • Exit dates ranging from June 30, 2010 through June 30, 2011

 
While the College has approximately 220 full-time employees who are eligible, it has the right to cap the number of approved requests for participation at 75 or any larger number. Approval or rejection of requests will be based on the best interests of the College, using such criteria as the need to cover program operations and assure appropriate transition, the need to retain an employee's expertise, the need for and cost of replacing an employee and the savings to be realized by the retirement or separation.