This document contains the four Faculty Association of California Community Colleges (FACCCTS) newsletters published during the 1998-99 academic year. In the September 1998 issue, faculty members talk about what shared governance means and how to improve it on individual campuses. The issue also features Gray Davis' plans for the community…

Retirement provisions may force older workers out of the labor force or restrict their employment opportunities. (Editor)

Early retirement incentive programs are discussed as a humanitarian way of reducing payroll costs and rewarding long-tenured employees. The incentives to be considered, program communication, and problems found in incentive programs are addressed. (Author/MLF)

In 1980, Teachers Insurance and Annuity Association surveyed the post-1978 Age Discrimination in Employment Act amendment status of TIAA-CREF retirement and insurance plans in colleges and universities. The results of the survey are reported. (MLW)

Describes how the combination of tax-deferred savings and tax-deferred retirement programs provided for in the Economic, Growth and Tax Relief and Reconciliation Act of 2001 can be used by school districts to attract and retain quality teachers. (PKP)

A national survey of over 19,000 higher education retirees and 125 colleges and universities investigated the availability of retirement counseling and services, relationship between retiree and institution, timing and reasons for retiring, institutional financial health, sources of retirement income, and retiree insights into important retirement…

Identifies common assumptions and fallacies that greatly increase superintendents' risk of job failure. Knowing how to enlist others to assist with a career crisis and designing a "golden parachute" retirement plan can make all the difference to a superintendent planning a career move. (MLH)

A variety of ways in which retired college faculty benefit from social services and commercial and professional perquisites, in addition to retirement income, are discussed. It is proposed that these faculty are benefiting at the expense of their younger colleagues and should in turn participate in volunteer public service. (MSE)

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)

A simulation of the effects of proposed changes in Social Security rules (elimination of the Retirement Earnings Test and an increase in the Delayed Retirement Credit) for men working after retirement age demonstrated a rise in long-run costs by $43 billion in taxes and an increase of only 3.5 percent in the supply of older workers. (Author/SK)

The debate about the "cashability" of faculty pension benefits raises questions about intent, fairness, and who controls what. Boards must weigh whether to allow faculty and staff to withdraw or transfer pension funds such as TIAA-CREF (Teachers Insurance and Annuity Association-College Retirement Equities Fund). (Author/MSE)

Attempts to explain how institutional mechanisms such as labor markets and pensions stratify the availability of resources and rewards, and interact with life course processes related to labor force history and job mobility to produce income and wealth inequality among the elderly. (SNR)

Many states are struggling to finance under-funded teacher pension systems as well as recruit and retain a high-quality teaching workforce. This paper compares Maryland's former (prior to Spring, 2006) teacher pension system to those in Pennsylvania and several other states. On the basis of simple replacement rates, the former Maryland state plan…

Following the passage of the Employee Retirement Income Security Act of 1974 and the increased regulatory burden placed on defined benefit pension plans, the less complex fully funded defined contribution plan emerged as a more attractive and increasingly popular alternative. Traditionally the standard approach to pensions in the educational…

This booklet, addressed to healthy, independent adults who want to plan for secure later lives, presents information about planning for difficult times. The first section discusses issues related to where an individual will live as needs and physical abilities change. It describes services available to help individuals remain in their homes or to…