Institutions must provide good counseling regarding retirement program benefits, since when in doubt about their financial position faculty members are inclined to remain employed. Colleges should consider offering nonfinancial incentives for early retirement as well as financial. (MLW)

The University of Virginia's retirement incentive program for older, full-time, tenured faculty provided two options: phased retirement and a retirement decision contract establishing a firm retirement date. Evaluation indicates this plan was effective in meeting the interests and needs of participants and the institution and saved institutional…

Discussion of college faculty retirement benefits looks at trends in early and delayed retirement among faculty and the general population, public policy affecting retirement, a study of college pension plans, and a survey on retiree health benefits. Development of organizational climate where retirement is viewed as normal and attractive is…

Changes in retirement patterns at colleges and universities can be expected because of demographic reasons and because of federal and state legislation uncapping mandatory retirement. Institutional policies that will encourage reluctant older faculty to retire need to address the three fundamental components of successful employee retirement: (1)…

The new financial environment for retirement emerging in the 1980s is marked by increased individual responsibility for financial well-being, a changed workforce, and the need to contain costs. The trend will be away from the group approach and toward cafeteria-style benefit programs, providing greater freedom of benefit choice. (MSE)

Important elements of personal lifetime money management are outlined and discussed briefly, particularly as they apply to college and university faculty and staff. They include insurance (disability, health, life, retirement income); the changing monetary environment; taxes; inflation; sources of income; budgeting; risk; death and heirs. (MSE)

Issues concerning college faculty/staff retirement and coping with changes in lifestyle are discussed, including financial planning, psychological adjustment, relocating vs. maintaining current housing, planning for travel, health care, health and life insurance needs, maintenance of an acceptable standard of living, protecting resources against…