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…

Mandatory retirement of college faculty, as affected by the amendments to the Age Discrimination in Employment Act (ADEA), is considered in relation to the changing faculty age profile, retirement strategies to cope with ADEA, and other issues under ADEA. ADEA raised the mandatory retirement age from 65 to 70, and tenured faculty were exempted…

The literature on incentive early retirement for faculty members is reviewed, including the findings of studies that have assessed the effectiveness of such programs. In addition to describing different types of programs and the incentives offered, attention is directed to legal issues, costs and benefits, assessing whether a program is feasible,…

The California State University and Colleges' (CSUC) Early Retirement Incentive (ERI) Program is described, and information is presented of those who retire during a three-month period with an incentive bonus of two additional years of (unearned) retirement service credit. During the eligibility period 1,047 CSUC employees retired, and it appears…

Information concerning early retirement in colleges and universities was obtained through a faculty survey, prediction of rates of retirement and costs under three plans, computer simulations of faculty turnover rates, and faculty/administrator opinions and data pertaining to the implications of specific plans. In 1980, 647 faculty 45 years old…