Retirement Incentive Announced for TEAMS Staff
Last week, the UF Board of Trustees unanimously approved a retirement incentive that will reintroduce for a brief time a sick leave payment to TEAMS staff with 10 or more years of service who retire on or before September 30, 2020, as long as they provide notice by June 30. If you meet these qualifications, you will be eligible to cash out one-fourth your unused sick leave balance, up to 480 hours, as a result of retirement from the University and the State of Florida between May 4, 2020 and September 30, 2020.
Employees who take advantage of the COVID-19 Leave Cash Out Incentive will be required to notify their supervisors of the date they wish to retire. More information, including considerations and teps for active employees to follow once they decide to retire can be found on the UFHR website.