Board of Visitors minutes :: January 31, 2003 :: University of Virginia Library

This set of conditions applies to faculty members who are enrolled in the FRP. The option provides for phased reduction in workload and salary with the consent of the Provost or Executive Vice President/Chief Operating Officer, as described in Section VIII. The conditions of the agreement are as follows:

1. Participation may not be for a period exceeding two years.

2. Separation must take place at the conclusion of the agreed-upon Workload Reduction Period. The Workload Reduction Period cannot be extended by subsequent agreement.

3. Salary will equal fifty (50) percent Annual Salary as defined above.

4. During the Workload Reduction Period, the Faculty Member's workload shall be fifty percent of that required immediately before the beginning of such period.
The workload may be renegotiated only at the initiative of the Provost or Executive Vice President. An increase in the workload will be granted only at the convenience of the University. Increased effort supported by external funding is also subject to approval by the Provost or Executive Vice President, as appropriate. If a change in workload is approved, salary will be adjusted proportionately.

5. Benefits will be continued in the following manner:
- a. Retirement: Faculty Members will receive retirement contributions on their pre-Workload Reduction Period salary, subject to the limitations of the Internal Revenue Code. The contribution rate shall be the same as the Faculty Member's pre-Workload Reduction Period contribution rate, subject to the Virginia Code. No distributions are permitted from the FRP during the Workload Reduction Period.
- b. Health: Medical benefits will continue in full during the Workload Reduction Period. Faculty members will be required to continue to pay their portion of the monthly premium, and the University will continue to pay its portion.
- c. Other Welfare Benefits: Coverage provided by group life and disability plans will continue with disability coverage based on the full-time equivalent of the proportional salary.
6. During the Workload Reduction Period, administrative support, such as office space, secretarial support and travel funds will be available to the Faculty Member, subject to departmental policy and funding availability.

B. VRS Participants

This set of conditions applies to faculty members who are enrolled in the Virginia Retirement System.

1. Participation may not be for a period exceeding two years.

2. Separation must take place at the conclusion of the agreed-upon Workload Reduction Period. The Workload Reduction Period cannot be extended by subsequent agreement.

3. Salary will equal fifty percent Annual Salary as defined above.

4. During the Workload Reduction Period, the Faculty Member's workload shall be fifty percent of that required immediately before the beginning of such period.

The workload may be renegotiated only at the initiative of the Provost or Executive Vice President. An increase in the workload will be granted only at the convenience of the University. Increased effort supported by external funding is also subject to approval by the Provost or Executive Vice President, as appropriate. If a change in workload is approved, salary will be adjusted proportionately.

5. Benefits will be continued in the following manner:
- a. Retirement: The VRS member will be placed on Phased Separation Leave, as that term is defined in the Faculty Policies maintained by the Provost. VRS contributions will be made on the Annual Salary and the member will earn full service credit, subject to VRS rules. Average Final Compensation, as that term is defined by the VRS, will be based on actual salary earned. No distributions from the VRS will be permitted during the Workload Reduction Period
- b. Health: Medical benefits will continue in full during the Workload Reduction Period. Faculty members will be required to continue to pay their portion of the monthly premium, and the University will continue to pay its portion.
- c. Other Welfare Plans: Coverage provided by the VRS group life plans will continue during the Workload Reduction Period. For VSDP participants, disability coverage will be based on the full-time equivalent of the proportional salary. For non-VSDP VRS members, leave benefits will be paid on the proportional salary.
6. During the Workload Reduction Period, administrative support, such as office space, secretarial support and travel funds will be available to the Faculty Member, subject to departmental policy and funding availability.