On July 28th the MSCA negotiated a retirement incentive with the Board of Higher Education. The incentive is similar to one offered last year.
Since the incentive was negotiated with management it could not include adding years of age or years of service to boost one’s pension. The incentive is a cash payment.
Each University President will decide by August 15th whether that university will participate in the program.
If the university participates the president may limit the number of incentives or the pool of money for incentives available to MSCA members.
Incentives may be available for members who retire at the end of the Fall 2016 semester, at the end of the Spring 2017 semester, or both, as determined by the president.
If the number MSCA applicant, or the value of incentives for MSCA applicants exceeds the number of pool available, incentives will be given on a seniority bases as defined in the collective bargaining agreement.