Board of Visitors minutes January 31, 2003 | ||
b. WTA Separation Payment
- 1. Faculty Members who sign a Separation Agreement for
immediate separation may elect to receive a Separation Payment
based on Years of Service and Annual Salary, in accordance with
the schedule below, plus be permitted to continue participation in the UVA Health plan and group life insurance for 12 months after the date of Separation, during which time the University will continue to pay its portion of the premiums for those programs.5
- 2. Because Faculty Members do not accrue sick or annual leave, WTA Separation Payments will not include any amount for leave payout.
WTA Separation Payment Schedule | |
Years of Service | Amount of Severance |
2 or less | 4 weeks of salary |
3-9 | 4 weeks of salary, plus 1 additional week for every year of service over 2 |
10-14 | 12 weeks of salary, plus 2 additional weeks for every year of service over 9 |
15 or more | 2 weeks of salary for every year of service, not to exceed 36 weeks |
Board of Visitors minutes January 31, 2003 | ||