Discusses issues related to current and future modifications of faculty retirement plans, including unisex pension benefits, TIAA-CREF management, payout options, early retirement incentives, and the legality of mandatory retirement requirements. With CREF assets increasing, faculty retention, not early retirement, may become a primary issue.…

To offset declining enrollments, financial constraints, younger faculties, and high tenure ratios, some institutions are considering early retirement programs to facilitate faculty turnover. A University of Virginia faculty committee reviewed several early retirement options and selected a cost-effective bridging program with ample incentives and…

This analysis of retirement planning and early retirement incentive plans in Illinois community colleges was drawn from a study of early retirement plans at each of the state's 39 community colleges, and a follow-up survey to clarify information in the documents and determine colleges' plans for the future. After introductory comments on the issue…

Between April 29 and December 31, 1982, 244 community college employees in Washington retired. Of that group, 85 exercised an option to retire under a special early retirement program enacted by the 1982 state legislature. The net effect of the early retirement program was a 53.4% increase in the number of retirements over the number that might…

A study examined effects of early retirement plans (ERP) at Canadian Universities. In response to current conditions within Canadian universities and a Canadian Supreme Court decision upholding mandatory retirement requirements, many universities have sought to encourage faculty retirement through ERPs. In order to study the cost of such programs,…

Nearly a million teachers will reach retirement age in the next 9 to 11 years. This report presents a complete state-by-state overview of the retirement programs available to America's teachers. Chapter 1 presents the issues of teacher aging, retirement, and early retirement and asks how school districts might effectively manage the retirement and…

This seven-section report examines the pension-related behavior of older public employees, particularly California teachers. Section I introduces the benefit option situation. Section II surveys previous studies focusing on the relationship between Social Security wealth and the probability of retirement. Section III describes the California State…

This book contains 15 articles on older workers and the challenges of health insurance, Social Security, retirement, job loss, and working until older ages. Following an introduction by the editors, the articles are organized in five sections that also include commentaries on the articles. The following are included in Section 1, "Charting…

Successful phased retirement plans enable senior faculty to ease into retirement, relieve financial pressures on participating institutions, and permit upward mobility for junior faculty. Responses from 62 of the 72 land-grant institutions in the United States and Puerto Rico reveal that 11 had implemented plans that enable individuals between a…

The collective bargaining agreement between Wayne State University and the Wayne State University Chapter of the American Association of University Professors covering the period August 1, 1986-July 31, 1988 is presented. Items covered in the agreement include: personnel classification, union rights and privileges, administration rights, deduction…

A trial retirement plan would allow school employees second thoughts in a major life-choice and save the school district expenses, if a younger person is used as a substitute. Cites opinions from four school system administrators and an attorney who has reviewed many school systems' early retirement plans. (MLF)

The collective bargaining agreement between Niagara University (New York) and the Niagara University Lay Teachers Association, a chapter of the American Association of University Professors, covering the period 1987 to 1989 is presented. The agreement covers the following items: recognition, union security, dues checkoff, discrimination policy,…

Through a faculty retirement survey and a review of the literature, Clemson University, South Carolina, studied the future labor market for college faculty. The survey was administered to 1,250 faculty at the university in Fall, 1991. Fifty-six responded with data indicating that the College of Sciences, and the College of Agricultural Sciences…

This report addresses three alternatives in employing certified and classified staff in school districts: early retirement, flexible working hours, and (in the most detail) job sharing. It is noted that financial reductions make it difficult for schools to meet both their budgets and rising community/parental expectations, while declining…

Policy statements give a framework to decision-making power, clarify issues, regulate relationships, and assist in the resolution of differences of opinion. It is essential that a school board provide direction through a well-conceived and well-developed policy. If there is unwillingness to implement policy, a real or perceived vacuum is created…