Voluntary Retirement Incentive Program

New Mexico State University is pleased to announce that a Voluntary Retirement Incentive Program (VRIP) is being offered to eligible faculty and staff as part of the university’s efforts to strategically align resources toward our LEADS 2025 goals and to support employees who want to and are eligible to retire. The program is voluntary and does not change the eligibility requirements for retirement.

Eligible employees who elect to retire through this program between November 1, 2020, and July 1, 2021, will receive a one-time lump sum incentive payment equal to 25 percent of current annual base salary, less appropriate deductions. Annual base salary does not include temporary salary adjustments such as supplemental pay, overtime, teaching overloads, or other similar adjustment. Eligibility requirements and additional information are described in the VRIP Guidelines and Frequently Asked Questions listed below. 

 

Voluntary Retirement Incentive Program Memo

Voluntary Retirement Incentive Program Guidelines

Voluntary Retirement Incentive Program Interest Form

NMSU VRIP Q&A 11-16-20

VRIP Withdrawal Form

VRIP Recorded Session

VRIP Info Session Printable Presentation

VRIP Retirement Resources