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Mangan, Katherine S. – Chronicle of Higher Education, 1987
New federal tax law requiring employees to pay taxes on a large sum of money at one time rather than over the course of retirement makes college retirement "buyout plans" no longer feasible and hampers colleges' efforts to thin faculty ranks after the uncapping of the mandatory retirement age. (MSE)
Descriptors: Aging in Academia, College Faculty, Early Retirement, Federal Legislation