MN SF1266

Authorizes the Board of Trustees of Minnesota State Colleges and Universities to offer targeted early separation incentive programs to employees with either cash incentives or employer contributions to postretirement healthcare savings plans.

Board of trustees establishes eligibility requirements and can vary incentive type and amount by employee classification; college/university presidents and the chancellor designate specific departments, programs, or positions eligible for the program.

Employee acceptance of incentives must be voluntary and in writing, offered at sole discretion of the college/university president; decisions not to offer incentives cannot be challenged.

Costs are payable by the respective college/university or system office budget; if a college or university merges, successor institution bears remaining costs; if closed, board of trustees bears remaining costs.

Chancellor and each college/university president must file annual reports with the board of trustees and Legislative Reference Library by September 1 on the number and types of incentives offered and utilized; both sections expire June 30, 2014.