Veteran professors synthesize their combined 60+ years of expertise at primarily undergraduate, teaching-focused universities into easy-to-follow advice for graduate students and current faculty seeking to build thriving careers at similar institutions. Writing in a friendly tone that includes their personal reflections, the authors guide readers…

During the 1960s, there was extensive hiring of college and university faculty members. This large group of professors are now at or nearing retirement age. Concerns about the economy, the availability of good health insurance, increased life expectancy, and removal of mandatory retirement laws may influence decisions about when to retire.…

Over the past 70 years, the American university has become the global gold standard of excellence in research and graduate education. The unprecedented surge of federal research support of the post-World War II American university paralleled the steady strengthening of the American academic profession itself, which managed to attract the best and…

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…

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)

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)

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 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)

Discusses the approach taken by Cornell University (New York) to the end of mandatory retirement for faculty, noting the differences between the private and publicly assisted colleges that form the university. Topics addressed include the construction of the retirement plans, demographics of the faculty population, changing faculty expectations of…

This paper is part of a series of studies designed to ascertain what policies and practices, if any, are currently in effect regarding rights and privileges connected with retirement in higher education. This study sought information about the perquisites furnished to retired higher education faculty in the Commonwealth of Pennsylvania through a…