Voluntary Separation Program

Voluntary Separation Program

We are pleased to introduce the Voluntary Separation Program (VSP) for Georgia College Faculty and Staff who meet the eligibility requirements for retirement on or before June 30, 2021. The Voluntary Separation Program was developed to address budgetary reductions resulting from the COVID-19 pandemic. Effective October 1, 2020, the program offers the incentive of a lump sum payment equivalent to one-third (1/3) of an employee’s base rate of pay: 1/3 of contracts (for faculty) or annual salaries (for staff) following retirement. (Refer to the Voluntary Separation Program intranet site for exclusions – Unify credentials required).

In addition to program details, the VSP intranet site also contains dates for virtual information sessions as well as registration information to schedule one-on-one virtual counseling sessions with TRS and ORP vendors (TIAA, AIG, and Fidelity). One-on-one virtual sessions are open to all retirement plan participants.

The VSP application will be available by Monday, August 3rd and the application deadline is September 15, 2020.

Questions pertaining to the Voluntary Separation Program should be directed to benefits@gcsu.edu or by contacting Carol Ward or Nancy White at 478- 445-5596.

Updated: 7/30/2020
Nancy White
nancy.white2@gcsu.edu
478-445-5596
Human Resources, Office of