VIP-2017 Voluntary Incentive Options

ADMINISTRATIVE SEPARATION INCENTIVE PLAN

Incentive Options

Regular staff:

VIP-2017 Participants will receive an Income Replacement Payment of 75% of their annual salary or annualized base wages, to a maximum of $100,000 that will be paid in a single lump-sum, less all deductions for local, state and federal taxes legally required to be withheld, within 30 days following separation from the University.

Income Replacement Payments are calculated based on the employee's base salary/wages on March 1, 2017.

Base salary/wages do not include overtime, supplemental pay, summer pay, call-back pay, shift differentials, or any other non-base salary or wages.

In addition, staff members participating in the VIP-2017 are automatically eligible for payout of accrued vacation and accrued sick time (per policy), may be eligible for continuation of student fee remission (See Professional Staff Personnel Policy 3344-61-12), and for nomination as an Associate of the University.

A VIP-2017 Participant cannot be reemployed by the University in any position.

 

Contact Information

Mailing Address
Cleveland State University
2121 Euclid Avenue, AC 113
Cleveland, OH 44115-2214

Campus Location
Parker Hannifin Administration Center
2300 Euclid Avenue
Suite 113
Phone: 216.687.3636
Fax: 216.687.9334
hr@csuohio.edu