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…

Recent legislative and regulatory actions have made retirement policies more complicated. Six major elements appropriate for retirement policy review are addressed: normal-age benefits and goals, mandatory retirement, early retirement, phased retirement, auxiliary retirement savings programs, and retirement counseling. (MLW)

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)

Incentives to retire at 26 private colleges and universities are analyzed using data for tenured, male faculty employed in the 1970s. Simulations suggest that raising or abolishing the mandatory retirement age will substantially delay retirement by faculty members at these institutions. (16 references) (MLF)

The teaching force in the United States is facing an impending crisis, one that Scherff (2008) describes as a "perfect storm," due to massive retirements, increasing impractical mandates related to the No Child Left Behind Act, and an alarmingly high teacher attrition rate. This unprecedented crisis in both the supply and retention of…

The Committee on Retirement of the American Association of University Professors initiated its first retirement policies survey in 2000 to address a lack of reliable and systematically collected information on retirement policies and practices across U.S. institutions of higher education. At the end of the 1990s, there was a sense that…

The Ohio State Teacher Retirement System (STRS) provides retirement, survivor, and disability benefits to public school (K-12) teachers, college and university professors employed by state institutions, and the spouses and eligible dependents of these employees. In doing so, it operates much like other state retirement systems. The money to…

Retirement counselors, financial service professionals, and retirement intervention specialists routinely emphasize the importance of developing clear goals for the future; however, few empirical studies have focused on the benefits of retirement goal setting. In the present study, the extent to which goal clarity and financial planning activities…

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…

Discusses issues related to current and future modifications of faculty retirement plans, including unisex pension benefits, TIAA-CREF management, payout options, early retirement incentives, and the legality of mandatory retirement requirements. With CREF assets increasing, faculty retention, not early retirement, may become a primary issue.…

Federal legislation effective in 1994 bars colleges and universities from forcing tenured faculty to retire at age 70. Reactions of unions and professional associations, a required study of the law's impact, and a related measure requiring institutions to continue contributions to pension plans of over-65 workers are discussed. (MSE)