From:

Jordan Williams, President

To:
CC:
Subject:

Phased Separation Program

I am writing to remind you about Phoenix Engineering Services Phased

Separation Program. The program offers employees who are considering
separating from Phoenix the opportunity to scale back their percentage effort
to 50% for a designated period, usually three years, while retaining regular
employee status, eligibility for raises, and fringe benefits. To view the policy
guidelines and complete your application, visit www.phoenix.com/HR/PSP.
Human Resources has also prepared a document comparing the benefits of
the Phased Separation Program relative to retirement.
I understand that many of the recipients of this message will consider
themselves neither ready for nor interested in this program, but I am writing
because I think it would be helpful to all employees to learn more about how
this program is intended to benefit both those who participate and Phoenix
itself.
The Phased Separation Program offers venerable employees the opportunity
to a more gradual transition to retirement, which might also take the form of
working only half-time each year or full-time for six months of the year, while
remaining active members of the Phoenix community.
Funds made available by the program through salary savings to date have
been used to invigorate and grow the company. Indeed, this program is in
part what has allowed us to hire an unprecedented 16 new college graduates
and 24 college interns this year. My hope is that this program will allow us to
continue our momentum and do so in a way that primes eager new
employees for success here at Phoenix.
This is a rolling program with no deadlines for submitting an application.
Please do not hesitate to contact me with any questions or concerns about
the Phased Separation Program. I expect you will give it your serious
consideration.