One of the most important aspects of growing and improving business education is replacing departed faculty members. As the baby-boom generation approaches retirement, the supply of available replacement faculty members is diminishing. The result is a competitive market for replacement faculty that features increasing starting salary levels. In…

This article examines the trend of faculty retirement in the United States. Much of the concern about aging faculty has centered on the twin concerns of lifetime employment in the form of tenure and the lack of a mandatory retirement age. However, as analysis shows, more attention should be paid to what will happen when older faculty…

In the late 1990s, the Andrew W. Mellon Foundation made grants to study people's attitudes toward retirement and to determine what factors influenced their decisions to retire. Although faculty were not talking to college administrators or human-resources departments about health care, the researchers found to their surprise that when they…

This article discusses how community colleges respond to the rising number of faculty members who are eligible for retirement. Many faculty members at community colleges are near retirement largely because many of the colleges were created and did the bulk of their hiring between 1965 and 1975, when the first group of baby boomers was entering the…

The purpose of this study was to examine the changing demographics among higher education faculty across the country and the impact of these changing demographics on faculty perceptions of assimilation, engagement, and participation in shared governance. Coupled for a review of the secondary survey and demographic data online, the researchers…

The concern that doctoral programs in the arts and sciences do not adequately prepare students for careers as faculty members is hardly a new one, but it has become urgent. Colleges and universities in United States are facing the impending retirement of large numbers of faculty members and need to replace them with qualified professionals, on or…

According to the National Bureau of Economic Research, the Great Recession began in December 2007 and ended in June 2009. With a duration of eighteen months, this recession was almost double the length of the average post-World War II economic downturn. Although the worst recession since the Great Depression is now technically over, this analysis…

In 2005, TIAA-CREF sponsored its first-ever "Retirement Confidence Survey of College and University Faculty" to discover the answer to this question: How well are faculty members taking advantage of employer-sponsored pension plans and saving for retirement? An additional objective of the project was to compare the survey's findings for higher…

Trustees and administrators today confront one of two problems with post-retirement medical care. First, if institutions provide no support for their retirees' medical care, they implicitly offer a powerful incentive for senior faculty to stay on. The compensation and opportunity costs of this effect are obviously very high. But, second, if they…

Given the right incentives, many college faculty will retire early. With mandatory retirement of tenured faculty soon to be abolished, institutions may need to revamp their pension plans and introduce voluntary retirement-incentive options. These options include phased- and full-retirement programs. (Author/MSE)

Variations on the traditional methods of planning for retirement are offered to college faculty, focusing on use of Teachers Insurance and Annuities Association (TIAA) and College Retirement Equities Fund (CREF) investments, and other pension options. It is concluded that with careful planning, faculty can retire with close to full preretirement…

Many college and university faculty members work on nine-month contracts and, as such, are given the option of receiving their pay either over nine months or over the entire calendar year. Although many choose the latter, the authors of this article explain how opting for a nine-month pay period can significantly boost the size of a retirement…

The chief executive officer of the Teachers' Insurance and Annuities Fund-College Retirement Equities Fund (TIAA-CREF) discusses the current widespread concern over retirement issues in general and the ending of mandatory retirement ages for college faculty. Changes in TIAA-CREF policies and practices affecting range and coverage of retirement…

Community colleges are facing difficult times. Resources are becoming increasingly scarce, enrollments are growing to unprecedented numbers, the student body is becoming increasingly diverse, the economic downturn continues to have an effect on curriculum and mission, increased demands for accountability are driving decisions, and faculty turnover…

Community college leadership programs may take a variety of forms, among them university-based programs, leadership institutes, community college-based "grow your own" programs, professional organization-based institutes, or a combination of these. University-based doctorate leadership programs are the principal providers of these…