This paper analyzes the decisions and experiences of 52 academics from four universities who agreed to retire early because of increased annulities or substantial lump-sum severance payments. Only one respondent was dissatisfied with his decision to retire early; 73 percent were very satisfied. (Author)

Retirees and current employees of the University of California were surveyed about their retirement experiences and plans. Employees who retired prior to the mandatory age were more satisfied with their decision and fared better financially than the mandatory age retirees. (Author)