Board of Visitors minutes May 23, 1992 | ||
AUTHORIZATION FOR THE SENIOR VICE PRESIDENT AND CHIEF
FINANCIAL OFFICER TO SEEK STATE APPROVAL OF PHASED EARLY
RETIREMENT INCENTIVES
The following resolution was adopted:
- WHEREAS the University of Virginia has an incentive retirement plan approved by the State which expires June 30, 1992; and
- WHEREAS the University of Virginia desires to continue to make available a phased program for early retirement;
- RESOLVED that the Senior Vice President and Chief Financial Officer be and he is hereby authorized: (a) to make sure adjustments to the University's incentive retirement plan as are determined to be desirable and necessary on the basis of current reviews, so long as the basic and substantive concepts remain consistent with the standards previously approved by the Board of Visitors, and (b) to submit the phased incentive retirement proposal to the appropriate State authorities for approval.
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Board of Visitors minutes May 23, 1992 | ||