EMPLOYEES COVERED BY THE YSU/ACE AGREEMENT Early Retirement Incentive Program 2011

Important Dates Complete and sign the irrevocable notice of intent to retire on the Application for Participation & Record of Separation for Employees Covered by the YSU/ACE Agreement Form not less than 3 (three) months prior to intended retirement date. Retirement Dates range from April 1, 2011 through December 31, Retirement benefit dates range from April 1, 2011 through January 1, The last working day does not have to abut the Retirement Benefit Date.

Retirement Process The completed Application for Participation & Record of Separation form must be submitted to the Benefits Area of Human Resources. If any service credit has been purchased by non- payroll deduction after June 30, 2009 and you are not already in the first 100 on the list, you must notify the Executive Director of Financial Services.

Retirement Process Cont. Human Resources/Benefits will prepare for the employee’s signature, Form F111C (ERIP Employee and Employer’s Agreement Form). Participating employees must submit to Human Resources/Benefits the following at the time the employee signs Form 111c:  Proof of birth  Proof of any legal name change Human Resources/Benefits will send the completed Form F111c to OPERS. Absolutely no changes can be made after OPERS has received the form.

Additional Information An updated participation list has been posted to the Human Resources website at If you are in the first 100, you are ELIGIBLE to participate. As others become eligible due to opening of slots, they will be individually notified that they are eligible to participate. Because ACE employees retain the bargained provision of a 3 month notice to participate, final eligibility of many of the individuals beyond the initial 8.4% may not be informed of their eligibility until after September 30, 2011, the last date to provide the 3 month notice. The 3 month notice requirement WILL be enforced.

Additional Information Cont. Please note, individuals who retire after the implementation of the 2011 ACE Agreement will be governed by the terms of that agreement. This does NOT impact actual participation. It may impact certain provisions such as sick leave payout.