Finds a broad range of college reactions to the needs of retirees. Formulates a "model program" of services, benefits, and perks--beyond pensions--colleges should be expected to give to retired faculty. (RS)

A variety of incentives offered to faculty to leave an institution in difficult financial circumstances are outlined. They include: liberalizing the actuarial pension reduction, lump-sum severance payments, annuity enhancements, phased retirement, retirement perquisites, retraining for outplacement, paid retraining, and earnings supplements during…

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…

Instead of material trinkets, many companies now offer valuable preretirement programs that are either developed by their own personnel departments or made available through third-party organizations. Typically, most programs help employees prepare for retirement by offering general information, financial and legal counsel, and health guidelines.…

The literature on incentive early retirement for faculty members is reviewed, including the findings of studies that have assessed the effectiveness of such programs. In addition to describing different types of programs and the incentives offered, attention is directed to legal issues, costs and benefits, assessing whether a program is feasible,…

There is a strong movement toward legal abolition of fixed-age retirement in Canada. Several factors justify the existing practice, but these arguments are unlikely to prevail, and institutions should consider administrative measures such as facilitation of early retirement, modified benefit plans, and more systematic faculty assessment throughout…

The impact of early retirement plans and career change on the professional and personal lives of professors and on the manpower and fiscal structures of the universities they serve is examined. The book is based on more than 50 accounts of academics who took early retirement options and a comprehensive review of incentive programs for early…

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)

Manpower flexibility options in Ontario universities during times of financial restraint are discussed in this handbook, which resulted from a seminar that examined: (1) various approaches to problems related to anticipated academic staff reduction; (2) issues associated with policy development and implementation; and (3) establishing an informal…

The views of a group of college faculty within five years of retirement are presented concerning the perceived gains and losses in retirement, the role of values in retirement planning, and factors perceived to be important to their futures. The development of preretirement programs is also discussed. (MSE)

This booklet provides an overview of the principal concepts of pension portability. Pension portability has become an area of increasing interest since a lack of portability discourages veteran teachers from seeking teaching opportunities in other districts or states. This obstacle can force teachers to abandon the profession, thus contributing to…

Early retirement incentive programs are discussed as a humanitarian way of reducing payroll costs and rewarding long-tenured employees. The incentives to be considered, program communication, and problems found in incentive programs are addressed. (Author/MLF)

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…

Work in America Institute, a nonprofit organization, contends that many changes are necessary to extend the working life of older workers. Forty-five recommendations are made for employers and government to ready the American workplace for an aging workforce. (Author/MLF)

Colleges are encouraged to find innovative ways to meet institutional needs and the individual needs of faculty approaching retirement by offering such alternatives as phased retirement, part-time teaching, or contract employment within the institution or in the community, according to individual talents, maintenance patterns, and interests. (MSE)