Arrangements in educational institutions for voluntary early retirement programs are discussed. Retirement at any age can be a profound and stressful lifetime change; and it can also represent a welcome transition into newly satisfying and rewarding opportunities. The focus is on: mandatory retirement (exceptions and the new meaning of "early");…

Alternative college retirement programs and features of a desirable retirement program are discussed. The historical, social, and economic forces that prompt institutions to consider alternative programs are identified. The present position of college faculty in terms of retirement options is also addressed. Since its inception, the Teachers…

Issues of mandatory retirement for faculty are discussed. In 1978, the Age Discrimination in Employment Act was amended to raise the age of forced retirement to 70, but tenured college professors were exempted from the protections of the amendment. Arguments raised by advocates of forced retirement for tenured college professors include: the…

Age and sex discrimination are addressed in two newsletter articles. In "Age Discrimination in Faculty Employment," Stuart H. Bompey reviews employment litigation issues and their impact on the collective bargaining process. The Age Discrimination in Employment Act (ADEA) stipulates that individuals may be mandatorily retired at age 70;…

Until the beginning of 1994, federal law permitted mandatory retirement of tenured faculty at age 70. The Committee on Mandatory Retirement in Higher Education, formed by the National Research Council, was charged by Congress to examine potential effects on colleges, universities, and faculty members of ending the exemption for tenured faculty…

A study was done of the savings patterns and financial resources of households receiving teacher's retirement insurance benefits. For the survey a mail questionnaire was sent in fall 1988 to a statistically drawn sample of Teachers Insurance and Annuity Association-College Retirement Equities Fund annuitants. Over 900 questionnaires were completed…

This paper presents a method for higher education faculty and staff to assess pension plan objectives by determining a retirement income replacement ratio to maintain the salary-based preretirement standard of living. The paper describes the RETIRE Project which researches income replacement using the federal government's annual "Consumer…

A study in 1987-92 assessed the effects of changes in life course on work and careers. Interviews with 150 individuals who remained active or continued to work beyond age 65 showed lifetimes differing greatly from the traditional model. The combination of longer lifetimes and postponement of old age has created a new stage in adult life, a second…

This paper reports on a study of higher education health-care coverage for retirees including trends in coverage since 1987, major current provisions of institutions' coverage, and program cost controls. A total of 1,6701 institutions responded to a retiree heath-care survey. Among the findings were: (1) 61 percent of colleges and universities and…

A national survey of college and university retirees in Spring 1990 sought to help institutions to assess benefit programs and provide services for retirees. The survey involved a nationwide cross section of 130 institutions of higher education from which responses were received from 19,126 retirees (40 percent retired faculty). Questions covered…

The baby boom generation faces added uncertainty on their investments and perhaps lower realized rates of return on all components of their retirement savings, primarily because of their large number. Effects will be felt in the Social Security system and by pension plans and private investors. Individuals, employers, pension fund managers, and…

This research update uses the U.S. Department of Education's National Survey of Postsecondary Faculty to analyze faculty retirement and its effects. It presents data regarding retirement and institution type, field of teaching, gender, union status, plans for retirement, and faculty relocation. It concludes that pending retirement does not appear…

This research brief examines changes in the age distribution of faculty in the University of Wisconsin (UW) system over time and trends in faculty retirement. Findings indicate that: (1) in 1997-98, 35 percent of faculty were age 55 and older, 51 percent were between 40 and 54, and fewer than 15 percent were under 40; (2) on average, faculty at…

This document contains the four Faculty Association of California Community Colleges (FACCCTS) newsletters published during the 1998-99 academic year. In the September 1998 issue, faculty members talk about what shared governance means and how to improve it on individual campuses. The issue also features Gray Davis' plans for the community…

Information on provisions of group life insurance plans and the tendency of colleges and universities to provide this coverage is considered. There has been an increase in the percentage of institutions adopting group life insurance plans over the last decade. Absence of coverage is concentrated among smaller two-year and four-year institutions…