New website provides information about early retirement alternatives

Human Resources Benefits has launched a new website to inform the University community about the early retirement alternatives available to faculty and staff.

In addition to the creation of the website, found at www.purdue.edu/hr/Benefits/currentEmployees/retirement/vepr.html, work has been going on behind the scenes to improve the process and simplify the available information about the options.

The two early retirement alternatives available are Voluntary Early Partial Retirement (VEPR) and Advanced Retirement Declaration (ARD). Both programs provide options for transitioning into retirement for faculty and staff who are at least age 55 with 10 years of benefits-eligible service.

The new website provides a program description in user-friendly terms, as well as a new request form, which provides a clearer way to capture the key provisions of the arrangement. The site also features example forms and letters, in addition to frequently asked questions for interested faculty and staff, supervisors and department heads, and business offices.

The VEPR program is discretionary and is offered when such arrangements suit the needs of faculty and staff while serving the mission of the University. The West Lafayette campus recently had suspended the VEPR application process for individuals eligible for a separate Faculty Retirement Incentive Program. Now that the consideration period for that program has closed, requests for new VEPR arrangements will be considered. 

VEPR has been put on indefinite hold at the Purdue Northwest and Fort Wayne campuses.

Any questions about early retirement alternatives can be directed to hr@purdue.edu or 765-494-2222.