Voluntary Severance 2013
The University is offering staff the opportunity to apply for severance under a Voluntary Severance Scheme. The Scheme aims to create a sustainable staffing profile appropriate to the University’s plans and needs for the future. The compensation paid on voluntary severance under the terms of this scheme is 12 months’ gross salary.
The Scheme is designed to provide staff with an opportunity to take a personal decision regarding their future employment. It enables staff who may wish to leave their employment to do so with an appropriate compensatory payment.
The scheme will run across the University and all applications will be considered against the business and financial interests of the University.
The Scheme will run for a limited time and the closing date has been extended to 30 June 2013. The University has set aside a fund for this purpose and the scheme will close early if oversubscribed.
Those interested in exploring the option of voluntary severance are invited to review full details:
Voluntary Severance 2013 [40.0 Kb]
Further pensions information can located via the following link: