Clarkson University began discussions this month with qualified employees to explore a voluntary retirement option.
Based on a combination of age and years of service, the University’s Retirement Incentive Opportunity (RIO) plan recognizes the dedication of many long-time employees who have contributed to Clarkson’s success. Through a multi-staged approach for implementation, departments across the University’s multiple campuses will make planned transitions over the next year based on the decisions of employees who choose to participate.
Over the last year, the University faculty developed a strategic plan for research focused on expanding resources and support in key areas of research and scholarship. The institution has also implemented several new enterprise software solutions to strengthen its operations and outreach to students and alumni. The main objectives behind implementing RIO now are to accelerate the capacity to hire new faculty into the key areas identified for research and emerging academic programs and to align staffing with the new areas of expertise needed.
Under the voluntary Retirement Incentive Opportunity (RIO) Program, eligible University faculty and staff members who choose to retire will receive a one-time severance payment and a cash allowance to help offset health insurance premiums.
The plan has been well advertised internally to give employees time to make thoughtful decisions and to cross-train successors in positions as needed.