Phased Retirement Program
Summary:
The Phased Retirement Program allows eligible unclassified faculty and staff (i.e., IFO, MSUAASF, MSCF, unclassified MAPE/MMA, and MnSCU Administrators) to phase into retirement by working temporarily on a part-time basis, while continuing to qualify for employer insurance coverage as if employed full-time. Additionally, the employee and employer contribute to the employee's pension plan as if the employee is working 100% time.
System Guidelines & Other Policies and Procedures:
Forms:
Request to Participate in the Phased Retirement Program: MSCF faculty only
(attachment to RET#0001)
Purchase of Retirement Contribution Forms:
TRA Form #7500: Part Time Teacher Program Form
TRA Form #7510: Part Time Teacher Program Worksheet
IRAP Phased Retirement Program Contributions Worksheet
Contracts and Plans (Article/Section references):
IFO: Article 15, Section A
MSCF: Article 16, Section 6
Laws:
M.S. 354.66 (TRA)
M.S. 354B.31 (IRAP)
M.S. 354A.094 (First Class Cities TRA)
Other References:
MnSCU Matrix on Phased Retirement & Annuitant Employment Program
Phased Retirement Provisions for Unclassified Non-Faculty Employees
OOC Contact:
Gary Janikowski, 651-297-5540 or gary.janikowski@so.mnscu.edu

