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Wharton, Clifton R., Jr. – Business Officer, 1991
The chief executive officer of the Teachers' Insurance and Annuities Fund-College Retirement Equities Fund (TIAA-CREF) discusses the current widespread concern over retirement issues in general and the ending of mandatory retirement ages for college faculty. Changes in TIAA-CREF policies and practices affecting range and coverage of retirement…
Descriptors: College Administration, College Faculty, Higher Education, Investment
Vance, Carl B. – Business Officer, 1991
Voluntary severance plans for college employees offer a possible solution to the problem of limiting labor costs in an inflationary economy, particularly when mandatory retirement is eliminated. The severance package must be carefully budgeted, constructed, and communicated to the employees, and the institution must be disciplined in carrying it…
Descriptors: College Administration, Costs, Employer Attitudes, Employment Practices
