The salary is paid over a fiscal-year period. You will negotiate individually with your academic department head to determine your specific PRP work plan duties. Upon entering the PRP, you continue to be subject to performance reviews and you are eligible for a salary increase based on merit, after your first year in the PRP . As a PRP participant you may participate in all employee benefit programs for which you are eligible. A decision to enter the PRP is irreversible once made, however, your phased retirement may be terminated if you and NC State mutually agree.
Decisions regarding retirement can be both emotional and complex.
The PRP is intended to facilitate retirement decisions by allowing you to continue to participate in academic life and the mentoring of students while preparing for the future. I encourage you to read all of the PRP materials on the web.