Variations on the traditional methods of planning for retirement are offered to college faculty, focusing on use of Teachers Insurance and Annuities Association (TIAA) and College Retirement Equities Fund (CREF) investments, and other pension options. It is concluded that with careful planning, faculty can retire with close to full preretirement…

A survey of 115 medical schools concerning early retirement benefits and incentives for faculty found that defined-contribution plans were preferred and were available at 37 percent of institutions. Incentive programs were used by 70 percent of schools during 1987-91. However, few early retirements have occurred. Program characteristics,…

Greater attention has been focused on the role that employer-sponsored retirement plans and individual savings must play in ensuring retirement income security. Alternative tax retirement planning opportunities currently available to college personnel are explored. (MLW)

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)

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…

College and university employees are exposed to considerable risk in the management of their retirement funds, but there are also extraordinary opportunities for careful investors. Colleges should help employees gain knowledge of investing and ensure that a broad range of adequate investment options are available. (MSE)

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…

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)

This report presents the Teacher Retirement System of Texas's (TRS's) strategic plan for teacher retirement in the state of Texas for the years 1999-2003. The mission of the TRS is to deliver retirement and related benefits authorized by law for members and their beneficiaries and to prudently invest and manage the assets held in trust for members…

Analysis of the national demographics of medical school faculty found a substantial drop in growth rate of full-time faculty since 1972 and little change in retirement patterns after the 1982 rise in mandatory retirement age. The uncapping of mandatory retirement age is seen as having little effect in medical education. (Author/MSE)

A survey of 56 colleges investigated how the institutions approach planning for staffing and the significance given such factors as abolition of mandatory retirement, tenure ratios, faculty retirements, faculty hiring and supply and demand, and related issues. Specific concerns emerged, and findings did not consistently bear out previous research.…

A study examined the relationship between student evaluations of teaching effectiveness, age of faculty, and timing of retirement among tenured faculty. Results suggest a significant but small impact of age, varying by discipline. Uncapping of mandatory retirement appears to raise no major concerns for dramatic deterioration in teaching…

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…

The report of the National Research Council's committee on mandatory retirement in higher education is summarized, and related issues are discussed briefly, including trends in faculty retirement age, factors in retirement decision making, faculty productivity and age, and implications for tenure. (MSE)