Creative approaches to academic retirement can yield benefits for retirees, their institutions, and society at large.

The fiscal crisis facing the economy has led to withdrawal of the state from major sectors of the economy including education. With the advent of the liberalized economic policy the private sector has been playing a pivotal role in the economic development. Higher education ceases to be the 'merit good' and the universities are encouraged to…

This chapter offers guidance for making retirement an open topic for discussion, poses important questions prospective retirees should consider, and suggests a range of actions institutions can take to help academics make a successful transition into a fulfilling retirement.

The purpose of this report is to investigate paid time off, tuition benefits, and retirement benefits offered to higher ed employees. We surveyed 419 higher education institutions on the paid time off, tuition benefits, and retirement benefits they offer their employees. Key findings include the following. Only about one-third of institutions…

Higher education appropriations are often referred to as the "balance wheel" for state budgets, receiving greater than average funding reductions during economic downturns and above average increases during periods of economic growth. However, this trend has gradually diminished with each recession as higher education funding no longer…

This article summarizes the Governor Budget proposals in the New England region. Governor Ned Lamont of Connecticut proposed restructuring, refinancing the systems' payments and slowing the rate of increase in the teachers' pension fund and the state employee pension fund, both of which are underfunded. Lamont also announced that for the first…

This teaching case addresses the design of a database that fulfills the complex requirements found at the Motion Picture Industry Pension Plan, an actual entity. With the goal of challenging students to think analytically and to apply information systems concepts and tools to real world situations, the case study was appropriately structured to…

A recent survey of 41 different state boards of education revealed that officials from 28 states indicate that they are experiencing teacher shortages. The shortages in some states are significant. While the teacher shortage in many states is tied to different factors, one frequently cited reason for leaving the teaching profession is low pay.…

The relationship between employer and employee has changed significantly over the past 40 years. One of the greatest changes in this relationship is in the nature of employee retirement. While pension reform at public and private colleges has helped ensure institutional financial viability, retirement security for employees has declined. With the…

Currently, higher education is being roiled by class-action lawsuits filed against high-profile institutions, including MIT, Yale and New York University, over management of their retirement plans. As the lawyers are deployed and the billable hours accrue, it is timely to examine how those who have responsibility for retirement plan…

On February 24, 2017, all of the authors of the state-of-the-state manuscripts published in the "Journal of Education Finance" met in Cincinnati, Ohio, to participate in a roundtable discussion focused on recent legislative actions in 38 states. A majority of those papers were revised to reflect a final report on legislative actions…

This report provides an overview of the forecast financial health of the HEFCE-funded higher education (HE) sector in England. The analysis covers the financial forecasts for the period 2015-16 to 2018-19, based on information submitted by higher education institutions (HEIs) to HEFCE in July 2016. Financial Reporting Standard (FRS) 102 is the new…

This report provides an overview of the financial health of the Higher Education Funding Council for England (HEFCE) funded higher education sector in England. The analysis covers the financial results for 2015-16. This does not include further education or sixth-form colleges, or alternative providers of higher education.

Private-college presidents often draw scrutiny for their hefty compensation packages, but most of them have a ready comeback: I could make a lot more money in the corporate world. While this statement is surely sometimes true, it is also true that some of the nation's top-paid presidents continue to receive perks that their corporate counterparts…

Teachers, higher education administrators and financial planners are well acquainted with the work of TIAA-CREF. The insurance and investment company has been a central player in teacher retirement and financial planning for nearly a century. Twelve years ago, the organization spawned the TIAA-CREF Institute, a research-focused arm that brings…