Phase In Retirement Program
The Nevada System of Higher Education (NSHE) offers a phase-in program that allows faculty, professional staff, and classified employees to phase in their retirement by lowering their Full Time Equivalency (FTE) in the years prior to official retirement.
- This is an application process with variables for approval
- FTE may range from .50 and .80 FTE course load or work assignment
- Agreed upon time for contract will vary at each NSHE Campus but typically does not exceed 3 years
- During Phase-in, Employee and NSHE will continue contributing to the retirement plan as if employed at 100% FTE
- Salary and leave accruals will be pro-rated based on FTE
The phase-in request is not a guaranteed benefit; it is an application process. The application must be approved at the department level before it is forwarded to the Provost / President for review. If approved, the Phase-in Application is governed by a formal contract between the eligible employee and the Nevada System of Higher Education. Please contact your Human Resources Office or the BCN Benefits Office for more information on the Phase-in Retirement Program.
Must have attained the age of 65 and completed at least 5 years of service credit with the institution at the expiration of the term of the agreement; or
Must have attained the age of 60 and completed at least 10 years of service with the institution at the term of the agreement; or
Any age and must have completed 30 or more years of service with the institution at the expiration of the term of the agreement.
- Employee completes the application and routes for required signatures
- The completed form with signatures is routed to the Benefits Office to officially determine eligibility
- An official request for a Phase-in agreement will be routed to the PERS Board for approval for employees enrolled in the PERS Retirement Plan
- The Benefits Office notifies the employee regarding the status of their application
- If the application is approved, the Benefits Office prepares a formal agreement and routes the agreement for signatures
- No contract exists until such time as the agreement has been fully executed by the president of the institution
Any changes to the document, once executed, must be endorsed by the president and approved by the Chancellor.