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UTK 2022 Faculty Voluntary Retirement Incentive Program

On October 22, 2021 the UT Board of Trustees approved the UTK 2022 Faculty Voluntary Retirement Incentive Program.

Eligible faculty will begin receiving information about the program the week of October 25, 2021.

Information about eligibility for the program is available here.

Incentive payments are as follows:

  • 20 – 25 years of service: 6 months of base salary
  • 26-29 years of service: 9 months of base salary
  • 30+ years of service: 12 months of base salary

This schedule is based on the faculty member’s base salary (not including any administrative or other stipend amounts) effective on June 30, 2022 or separation date if different.

Specific questions about retirement should be directed to Wanda Plankey at 865-974-8229 or

Have questions about the program? Contact We are committed to answering questions faculty have about the program.