Four steps to retirement planning, intended to demystify retirement investment, are offered for college faculty: (1) establish diversification goals; (2) urge their institutions to offer more investment options; (3) coordinate retirement investments with other investments; and (4) take steps to guarantee against inflation. Typical age-related…

A variety of ways in which retired college faculty benefit from social services and commercial and professional perquisites, in addition to retirement income, are discussed. It is proposed that these faculty are benefiting at the expense of their younger colleagues and should in turn participate in volunteer public service. (MSE)

The advantages and disadvantages of the Teachers Insurance Annuity Association (TIAA) and College Retirement Equities Fund (CREF) as investment vehicles for college faculty are examined, and guidelines for faculty to use in evaluating their investment options are offered. Some data on TIAA-CREF performance are included. (MSE)

The debate about the "cashability" of faculty pension benefits raises questions about intent, fairness, and who controls what. Boards must weigh whether to allow faculty and staff to withdraw or transfer pension funds such as TIAA-CREF (Teachers Insurance and Annuity Association-College Retirement Equities Fund). (Author/MSE)

Discusses a projected critical under supply of Ph.D. level professors. Describes and ranks eight categories of people who may be considered as colleges attempt to fill vacant positions. Recommends vigorous selection and training of new Ph.D.s and full-time employment of competent researchers and teachers. (SG)

Given the right incentives, many college faculty will retire early. With mandatory retirement of tenured faculty soon to be abolished, institutions may need to revamp their pension plans and introduce voluntary retirement-incentive options. These options include phased- and full-retirement programs. (Author/MSE)

Indiana University's experiences with trying to cancel an increasingly expensive early retirement system illustrates some of the ways in which faculty retirement benefits are subject to attack and some of the potential and weaknesses of the traditional faculty governance mechanisms in trying to shape a response. (MSE)

Economic underpinnings of retirement incentives and case law leading to the Older Workers Benefits Protection Act (1986) are reviewed; implications for early retirement incentives for college faculty are considered. It is concluded that congressional intent is not to foreclose such incentives and that the Age Discrimination in Employment Act…

The University of Virginia's retirement incentive program for older, full-time, tenured faculty provided two options: phased retirement and a retirement decision contract establishing a firm retirement date. Evaluation indicates this plan was effective in meeting the interests and needs of participants and the institution and saved institutional…

How schools weather budget reductions shows the difference between effective and less effective school systems. Policymakers' response to reductions depends on an array of factors: general economic conditions, access to data about future trends, community expectations and "myths," past records of school effectiveness, local education…

The history of the Age Discrimination in Employment Act of 1986 is reviewed, and planning/management issues for medical colleges facing the end of mandatory age-based faculty retirement are examined. Early planning to improve faculty evaluation and development, clarify financial guarantees of tenure, review space utilization, and make retirement…

To cope with changing financial and demographic environments, colleges are encouraged to change management strategies. Suggestions are made for policy formation and improved use of human and material resources in the areas of fiscal management, student recruitment, staffing, campus management, academic programing, and links with business,…