This message has been sent to all Albion College employees who meet all of the criteria listed below. Being identified as an eligible employee should not be construed as a requirement to opt in to the College’s Voluntary Separation Plan or a guarantee that an employee’s application to participate will be accepted. The College will make decisions concerning the scope and breadth of individuals’ accepted participation based on the affected job titles and operational needs of the College.
Albion College is offering a Voluntary Separation Plan (the “Plan”). The Plan is available to employees who meet all of the criteria listed below:
- Salaried staff whose primary employment is in an administrative (as opposed to instructional) position,
- who are expected to work 9 or more months per year,
- full or part time
- who were hired prior to 7/1/2025.
In the event the College accepts the employee’s application to participate in the Plan, the employee will be provided pay and benefits in accordance with the final schedule.
Highlights of Offer
• Severance
• Completed Years of Service (YOS) with the College based on the employee’s current hire date through the end of the current fiscal year (FY) ending June 30, 2026 multiplied by 1.25 to determine weeks of severance pay at the current weekly rate of annual salary.
• The maximum number of weeks is 17
• The minimum number of weeks is 4
• YOS will be rounded to the nearest whole year.
• Additional Severance Incentive
• If enrolled in College Health Plan, the employee will receive an additional $200 per week of severance paid in lump sum in the first pay period of the severance payment
• If the employee has opted out of the College Health Plan for the current plan year, they will receive an additional $25 per week of severance paid in lump sum in the first pay period of the severance payment
• Ability to use the full PTO fiscal year available balance provided the employee is actively working the full final work week.
• Dependent Tuition Benefits may continue as a taxable benefit under the Albion and GLCA programs only and only for dependents who are continuing their education at their current institution.
Benefits terminate upon separation of employment with the College
• The following benefits end on separation/termination date
• College Sponsored MedicalRx and/or Dental (continuation available via COBRA)
• Retirement contributions (employee (EE) & employer (ER)
• Life/AD&D/LTD including Supplemental Life/AD&D (company may offer continuation under individual plan)
• Flex Spending (continuation available via COBRA)
• EE and Spouse Tuition Benefits
• The Following benefits end on the end of month of separation/termination date
• Vision (continuation available via COBRA)
• Aflac (company may offer continuation under individual plan)
• Harrington Loan Forgiveness
• EE HSA Contributions
• EE FSA Contributions
In order to receive the benefits of the Plan, each employee will need to enter into a voluntary separation and release agreement. Employees should know, however, that once the College has accepted an employee’s application to participate in the program, the employee will have terminated his or her employment on the effective date selected by the College, which shall be May 15, 2026, regardless of whether the employee executes the Separation and Release Agreement.
This letter is a general overview of the available benefits, and each employee interested in the Plan should carefully review the attached Voluntary Separation Plan 2026 and related documents. To the extent this letter is inconsistent with the Plan, the Plan documents will control.
To apply, employees must submit via the Voluntary Buyout Application - 2026 Program online form not later than March 16, 2026.
a. If an employee applies, the employee has made an irrevocable offer to resign their employment from the College, with such resignation effective May 15, 2026.
b. Once the College has accepted an employee’s application to participate in the program, the employee will have terminated his or her employment on the effective date selected by the College regardless of whether the employee executes the Separation and Release Agreement.
Last, should you have any questions or concerns about the materials that are being provided, please feel free to contact me.