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…

Alternatives proposed include early and phased retirement, career change incentives, retraining programs and/or leave, outplacement, and an earnings supplement at severance. (MSE)

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…

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)

An NSF study suggests that important qualitative changes in the faculty may be obtained through increased attention to mid-career change and early retirement programs. Interest in career options, early retirement alternatives, evaluation criteria, mid-career change alternatives, internship, fellowship programs, and retraining programs are…