Voluntary Separation Plan (VSP)

We are pleased to announce a one-time Voluntary Separation Plan (VSP) for eligible faculty. This program is intended to recognize and reward the sustained contributions of our faculty while supporting the University’s long-term strength and sustainability.

This opportunity is available to full-time faculty who:

Have at least five total years of service at TSU;
Are not in critical grant-funded positions (i.e., a position that is not primarily funded by an awarded or submitted grant, or whose services are critical to the grant activity );
Are not contract or temporary employees, student workers, or graduate assistants;
Are not deans or cabinet members; and
Have not already announced their retirement or resignation.

Faculty who apply and are approved for participation will receive:

A lump-sum payment equal to one (1) year of their base salary; and

A lump-sum amount equivalent to twelve (12) months of the University's portion of premium (amount varies based on actual plan election).

Participation in the VSP is entirely voluntary. Submission of an application does not guarantee approval, as decisions will be made based on programmatic and business continuity needs.

VSP Terms and Conditions
Click here to learn more!

Relevant Resources:

VSP Summary – Brief overview of the VSP
VSP FAQs – Overview of key questions regarding eligibility, benefits, retirement, insurance, and deadlines
Key VSP Dates and Deadlines – Key VSP dates and deadlines to remember

VSP Application
Due April 24th

Supplemental Forms:

VSP Waiver and Release Agreement – Participants complete this form only after notice of VSP acceptance (Do not complete this form until you have been notified of VSP acceptance in late May)
VSP Revocation Request – Applicants complete this form only if they no longer wish to be considered for VSP acceptance (Do not complete this form if you wish to be considered for the VSP)
VSP Waiver and Release Agreement Revocation Request – Participants complete this form only if they have signed the Waiver and Release but no longer wish to receive VSP benefits (Do not complete this form if you wish to receive VSP benefits)

Learn more at VSP Info Sessions:

Date	Session Time	Location	Registration
Tuesday, March 10	1 PM – 2 PM	Virtual – Zoom	Register here
Thursday, March 12	1 PM – 2 PM	Virtual - Zoom	Register here
Tuesday, March 17	1 PM – 2 PM	AWC - Auditorium	N/A
Friday, March 27	1 PM – 2 PM	Virtual - Zoom	Register here
Thursday, April 2	12 PM – 1 PM	Main Campus - Forum	N/A
Wednesday, April 8	12 PM - 1 PM	Main Campus Forum	N/A
Tuesday, April 14	5PM - 6PM	AWC - Auditorium	N/A

For additional questions, please contact VSP@tnstate.edu.