Retirement benefits for faculty are an important, but relatively understudied, topic in postsecondary education. To date, there have been very few studies that have used qualitative research methods to examine how workers make financial decisions about retirement, and no qualitative investigations of faculty choice between DB and DC plans. To help…

Most private sector employees have access to defined contribution retirement plans while public sector employees often may choose defined benefit or defined contribution plans. This research utilized a survey of faculty to analyze retirement plan satisfaction. Advice from a financial planner was positively associated with satisfaction with…

Recent reports confirm that the European Higher Education Area is conditioning the satisfaction of Spanish faculty members, resulting in a greater number of early retirements. The present study, framed within the context of the research, development and innovation project 'Fuga de Talentos: Un estudio sobre los motivos que han condicionado a…

Do employees at public colleges and universities have better retirement benefits than K-12 employees? This is the central question in the new report "Choice and Quality Among Retirement Plans for Educators." To answer this question, we evaluate the quality of higher education and K-12 retirement plans using five key variables: (1)…

This research examined the decisions of retiring university teachers to continue work after retirement in the same profession or leave for other employment or non-paid activities. The study used a questionnaire to collect data from 231 respondents purposively drawn from 20 Ghanaian public universities. Analyses of the data revealed that most…

Using the "theory of continuity," and based on quantitative and qualitative data collected from an online survey and one-on-one interviews from a nonrandom sample of retired faculty, this exploratory study examines guiding considerations for transition to retirement at a mid-sized University in the Midwest. Abolition of mandatory…

Human resources (HR) represent the most significant investment on most of our college campuses in terms of time and financial resources. The importance of good data about the workforce begins with establishing a need for a new position. That need for data continues with recruiting, hiring, training, promoting, retaining (or not), and retiring…

The purpose of this paper is to find out what academics do when approaching retirement, and why; as well as to reflect on the process and consequences of reaching a retirement decision -- for themselves, the university system, and the wider community. Our study concentrates on baby boomers, as this large cohort starts to retire or become eligible…

If you're like me, a "senior" faculty member at a public state university facing significant budget cuts, recently you've probably thought about leaving your current position for another faculty position in a different state. A possible reason for considering jumping ship is envisioning a clearer picture of your retirement as it nears on…

This article is a revised and abbreviated version of a session that the authors presented at the 25th annual Lilly Conference on College Teaching, November 19, 2005, in Oxford, Ohio. It arose from their joint conviction that while teaching is the greatest job in the world, teachers do not need to stay in it until death do them part. Beidler and…

Alternative college retirement programs and features of a desirable retirement program are discussed. The historical, social, and economic forces that prompt institutions to consider alternative programs are identified. The present position of college faculty in terms of retirement options is also addressed. Since its inception, the Teachers…

Higher education employees often participate in university-sponsored defined contribution pension plans that place the investment decision responsibility upon them. In order to examine investment decision-making behavior with retirement savings plans we investigated attitude-mediated, individual difference determinants of risky decision-making…

Changes in federal law regarding mandatory retirement policy, while not directly covering higher education until 1982, will have much earlier educational and financial impacts on colleges and universities. Educational decision-makers will modify their behavior in such areas as hiring and tenure decisions, retirement decisions, and faculty pay…

The advantages and disadvantages of the Teachers Insurance Annuity Association (TIAA) and College Retirement Equities Fund (CREF) as investment vehicles for college faculty are examined, and guidelines for faculty to use in evaluating their investment options are offered. Some data on TIAA-CREF performance are included. (MSE)

This study examines the age distribution of faculty retirements at 101 colleges and universities offering at least the baccalaureate degree, representing 35,000 faculty. It examines both historical retirement patterns and distributions of faculty by age and discipline. The study also examines data from a survey of 518 retired faculty members…