Early retirement incentives may be offered by the administration as authorized by SBHE Policy 703.1.
Early retirement is for the mutual benefit of the employee and the colleges and universities.
Employees will be able to plan their retirement with increased options and benefits and with less fear of the unknown. The colleges and universities can use early retirement as a cost saving tool, but, more importantly, as a vehicle for the infusion of new thoughts, ideas, and skills by the opening up of positions. Early retirement is not to be used as a device to circumvent the due process procedures for dismissals under the Board's rules and it is available only when the institution has documented the benefits resulting from the agreement. Early retirement is not a right but requires mutual agreement and written consent of both the employee and the administration. The sum of the employee's age and total years of employment with the North Dakota University System must equal 70 or greater.