Early retirement programs offer individuals an alternative to the work ethic while allowing them to maintain job security. Examples are given of several early, partial, and phased retirement programs currently being used in universities and public school systems. (DF)

Ascertains what 59 male and 40 female Alberta teachers (average age 50) think about career changes, early and partial retirement. Indicates reasons for career change (personal challenge, additional salary, frustration) and lack of interest in partial retirement. Concludes options for career change should be investigated with younger age group.…

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)

This report summarizes the findings of the National Education Association's 1985 Retirement Provisions Survey. The survey encompasses all U.S. public retirement systems that include teachers or educational support personnel. The survey addressed all major plan administration topics including retirement eligibility provisions, benefit formulas,…

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…

Information is provided on early and phased retirement plans of about 20 academic institutions. Eligibility requirements for participation in early retirement plans vary from campus to campus. Most plans have a requirement ranging from a minimum of 10 to 20 years of full-time (or part-time equivalent) service. There are basically two types of…

New federal tax law requiring employees to pay taxes on a large sum of money at one time rather than over the course of retirement makes college retirement "buyout plans" no longer feasible and hampers colleges' efforts to thin faculty ranks after the uncapping of the mandatory retirement age. (MSE)

Interviews with faculty at a university having an incentive early retirement plan revealed that those choosing to retire early were in poorer health, faced smaller proportional income decrement upon retirement, were less satisfied with teaching assignments, and considered themselves lower in research productivity and higher in teaching and…

The California Faculty Association (CFA) seeks to secure and maintain sound retirement options that encourage phased faculty retirement. Their experience in negotiating and administering retirement options are discussed. Defined benefit plan and defined contribution plan are described. CFA agreements are appended. (MLW)

Results of a 1986 survey of pension plans at 17 Ontario, Canada, universities are presented. Information is provided on: eligibility, types of plan, member contributions, university contributions, benefits on normal retirement (age 65) and on early retirement (age 55), benefits on termination, benefits on death before and after retirement,…

Results of a 1984 survey of pensions plans in 17 Ontario, Canada, universities are presented. Information is provided on: eligibility, types of plan, member contributions, university contributions, benefits on normal retirement (age 65) and on early retirement (age 55), trustee and investment manager, and pension committee composition and status.…

Results of a 1985 survey of pensions at 17 Ontario, Canada, universities are presented. Information is provided on: eligibility, types of plans, member contributions, university contributions, benefits on normal retirement (age 65) and on early retirement (age 55), benefits on termination and on death, indexing and annuities, trustee and…

Results of a 1987-1988 survey of pensions plans in 17 Ontario, Canada, universities are presented. Information is provided on: eligibility, the type of plan, member contributions, university contributions, benefits on normal retirement (at age 65) and on early retirement (at age 55), trustee, investment manager, and pension committee composition…

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)