New Ways to Phase Into Retirement: Options for Faculty and Institutions

New Ways to Phase Into Retirement: Options for Faculty and Institutions PDF Author: Valerie Martin Colnley
Publisher: Jossey-Bass
ISBN:
Category : Education
Languages : en
Pages : 100

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Book Description
This volume explores all aspects of phased retirement, an option that provides flexibility for faculty who intend to retire but may have good reason to do so gradually instead of all at once. It is well known now that colleges and universities can no longer tell faculty when they must retire. Instead, faculty can now tell their institutions when they will stop working. For years prior to 1994, the impending federal abolition of mandatory retirement caused colleges and universities to worry that faculty might choose never to retire. The specter of an infinitely aging and increasingly costly gerontocracy ruling the classrooms, labs, and committee structures of universities led to varied experiments with incentives and inducements to make retirement attractive to faculty members. This volume looks at how one of these newer options, phased retirement, works. New Ways to Phase Into Retirement is the 132nd issue of the quarterly higher education report New Directions for Higher Education, published by Jossey-Bass.

New Ways to Phase Into Retirement: Options for Faculty and Institutions

New Ways to Phase Into Retirement: Options for Faculty and Institutions PDF Author: Valerie Martin Colnley
Publisher: Jossey-Bass
ISBN:
Category : Education
Languages : en
Pages : 100

Get Book

Book Description
This volume explores all aspects of phased retirement, an option that provides flexibility for faculty who intend to retire but may have good reason to do so gradually instead of all at once. It is well known now that colleges and universities can no longer tell faculty when they must retire. Instead, faculty can now tell their institutions when they will stop working. For years prior to 1994, the impending federal abolition of mandatory retirement caused colleges and universities to worry that faculty might choose never to retire. The specter of an infinitely aging and increasingly costly gerontocracy ruling the classrooms, labs, and committee structures of universities led to varied experiments with incentives and inducements to make retirement attractive to faculty members. This volume looks at how one of these newer options, phased retirement, works. New Ways to Phase Into Retirement is the 132nd issue of the quarterly higher education report New Directions for Higher Education, published by Jossey-Bass.

Faculty Retirement

Faculty Retirement PDF Author: Jean McLaughlin
Publisher: Taylor & Francis
ISBN: 1000980030
Category : Education
Languages : en
Pages : 173

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Book Description
Co-published with ACE.This book addresses the critical and looming issue of retirement in higher education as the cohort of boomer generation faculty come to the close of their careers. On the one hand institutions need to replenish themselves, and so need older employees to retire. On the other, mass retirements can decimate departments, creating the need for mass hirings that will create another crisis in the future.At the same time, with the elimination of mandatory retirement, many faculty are working on into and beyond their seventies because they feel they still have much to contribute, because their identities are closely tied to their work, because they wish to remain connected to their institutions, or for financial reasons. Given institutions’ legal constraints and planning exigencies, and faculties’ varied motivations, what are the options that can satisfy the needs of both parties? This book presents a range of examples of how institutions of all types and sizes are addressing these dilemmas, and how faculty members have helped create or shape policies that address their needs and allow them to continue to play meaningful roles at their institutions.The contributors describe practices that address the concerns of those already nearing or in retirement, propose approaches to creating opportunities to start these sensitive discussions and address financial planning at early career stages, and outline strategies for developing clear structures and policies and communication so that individuals have a full understanding of their options as they make life-changing decisions. This book presents models from fifteen colleges and universities identified by the American Council on Education through a competition for having developed innovative and effective ways to help faculty transition into retirement. It offers clear messages about the need for greater transparency in addressing retirement and transitions, for better communication, and for close coordination between human resources and academic administrators. It offers a roadmap for HR personnel, senior administrators, department chairs, and faculty themselves.

Generational Shockwaves and the Implications for Higher Education

Generational Shockwaves and the Implications for Higher Education PDF Author: Donald E. Heller
Publisher: Edward Elgar Publishing
ISBN: 1848445040
Category : Education
Languages : en
Pages : 213

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Book Description
This is a fascinating book. Higher Education Review The Baby Boom generation did much to drive the transformation of American higher education that occurred in the 1960s. That extraordinary impact has invited many to think about how succeeding generations have challenged and will continue to challenge the assumptions and practices of educational institutions. This volume explores the significance of this generational perspective through observations from a variety of practitioners and observers of higher education. With stances ranging from unbridled enthusiasm to measured skepticism about the significance of generational change, these authors are sure to provide new insights to any thoughtful reader. Michael S. McPherson, President, The Spencer Foundation, US Our industry is extremely people intensive, so that understanding generational differences may be more important for us than for other industries. This book carefully portrays these generational differences and explores their implications for higher education. Catharine Bond Hill, President, Vassar College, US Generational Shockwaves is a must read for all of us in higher education who spend so much of our time working to enhance the educational and social success of our students as well as the scholarly and teaching success of our faculty. After reviewing this volume, no one can continue to support what too many in higher education still practice a one size fits all approach to the challenges we confront. Herman A. Berliner, Provost and Senior Vice President for Academic Affairs, Hofstra University, US This volume offers a sort of cultural seismography of higher education in the early 21st century. This is the most comprehensive and thoughtful treatment I have seen of an inexorable and tectonic trend that will challenge the status quo in profound and unprecedented ways. David W. Leslie, Chancellor Professor of Education Emeritus, The College of William & Mary, US This volume, part of the TIAA-CREF Institute Series on Higher Education, is based on a national conference convened by the Institute in November 2007. The generational issues that were the focus of the conference raise both risks and opportunities with the potential to profoundly affect our cultural environment, both inside and outside academe. Baby Boomers, in their roles as students, parents, professors and administrators, transformed the American higher education system. As Boomers near retirement, Generation X and the Millennials are building on those contributions and making their own impacts. This volume sheds light on a current front-burner issue in higher education: managing the melding of generations, each with its unique needs and approaches to teaching and learning. The result of discussions among presidents, provosts, and other senior-level leaders from the higher education community, as well as the scholarship of leading academics, this lucid and engaging volume addresses intergenerational shifts and their wide-ranging implications for higher education including relevant risks and opportunities for consideration by campus leaders. The type of institution represented in these discussions ranges from small teaching-focused institutions to community colleges and large comprehensive research institutions. The authors offer senior leadership a deeper understanding of these generational challenges and opportunities and provide them with new and actionable information to enhance decision-making and inform strategic planning. They offer scholars new research questions to examine and provide insights to enhance effective reporting on higher education issues. Higher education presidents, chancellors, provosts, CFOs, faculty, researchers and policymakers will find this volume to be of significant value.

Part-Time on the Tenure Track

Part-Time on the Tenure Track PDF Author: Joan M. Herbers
Publisher: John Wiley & Sons
ISBN: 1118996259
Category : Education
Languages : en
Pages : 184

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Book Description
The case for a flexible work schedule for faculty has been repeatedly made, with one policy recommendation being part-time positions for tenure-track/tenured faculty (PTTT). Despite some of the benefits of this approach for both faculty and institutions, the PTTT concept is the least implemented policy for faculty flexibility and is poorly understood. This report offers the first comprehensive treatment of PTTT, suggesting that this mode of flexibility enhances recruitment, retention, and engagement of faculty, while offering value-added productivity, planning potential, and faculty loyalty for the institution. Herbers provides data that explore how a PTTT policy can lead to faculty success and satisfaction across the lifespan of a career, and likewise offers analogies and examples of well-established practices that administrators across institution types can adapt to create their own policies. Administrators and faculty will find the author’s policy recommendations, best practices, and solutions to common challenges to be a roadmap for stimulating change in their institutions. This is the 5th issue of the 40th volume of the Jossey-Bass series ASHE Higher Education Report. Each monograph is the definitive analysis of a tough higher education issue, based on thorough research of pertinent literature and institutional experiences. Topics are identified by a national survey. Noted practitioners and scholars are then commissioned to write the reports, with experts providing critical reviews of each manuscript before publication.

The Faculty Factor

The Faculty Factor PDF Author: Martin J. Finkelstein
Publisher: JHU Press
ISBN: 1421420929
Category : Business & Economics
Languages : en
Pages : 585

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Book Description
In an academy squeezed hard by formidable pressures, what is the future of the faculty? Over the past 70 years, the American university has become the global gold standard of excellence in research and graduate education. The unprecedented surge of federal research support of the postWorld War II American university paralleled the steady strengthening of the American academic profession itself, which managed to attract the best and brightest educators from around the world while expanding the influence of the "faculty factor" throughout the academic realm. But in the past two decades, escalating costs and intensifying demands for efficiency have resulted in a wholesale reshaping of the academic workforce, one marked by skyrocketing numbers of contingent faculty members. Extending Jack H. Schuster and Martin J. Finkelstein's richly detailed classic The American Faculty: The Restructuring of Academic Work and Careers, this important book documents the transformation of the American faculty—historically the leading global source of Nobel laureates and innovation—into a diversified and internally stratified professional workforce. Drawing on heretofore unpublished data, the book provides the most comprehensive contemporary depiction of the changing nature of academic work and what it means to be a college or university faculty member in the second decade of the twenty-first century. The rare higher education study to incorporate multinational perspectives by comparing the status and prospects of American faculty to teachers in the major developing economies of Europe and East Asia, The Faculty Factor also explores the redistribution of academic work and the ever-more diverse pathways for entering into, maneuvering through, and exiting from academic careers. Using the tools of sociology, anthropology, and demography, the book charts the impact of waves of technological change, mass globalization, and the severe financial constraints of the last decade to show the impact on the lives and careers of those who teach in higher education. The authors propose strategic policy recommendations to extend the strengths of American higher education to retain leadership in the global economy. Written for professors, adjuncts, graduate students, and academic, political, business, and not-for-profit leaders, this data-rich study offers a balanced assessment of the risks and opportunities posed for the American faculty by economic, market-driven forces beyond their control.

Recruitment, Retention, and Retirement in Higher Education

Recruitment, Retention, and Retirement in Higher Education PDF Author: Robert Louis Clark
Publisher: Edward Elgar Publishing
ISBN: 9781845425548
Category : Education
Languages : en
Pages : 328

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Book Description
[This book] provides tools and insights for university and college administrators to use when evaluating changes in retirement policy, and it presents valuable information in the form of case studies concerning changes in retention policies and retirement policies. Lisa M. Dickson, Industrial and Labor Relations Review This volume, a collection of papers presented at the 2004 TIAA-CREF Institute conference on higher education, contains many excellent chapters. John Heuer, Journal of Pension Economics and Finance This book enlightens the reader about two important policy issues, health care provision and retirement plans, by addressing both broad macro issues and specific concerns of higher education administrators. Such content is both valuable and practical for the concerned higher education researcher and administrator. Marc Kaulisch, The Review of Higher Education Attracting and retaining highly qualified faculty is essential to maintaining productivity at institutions of higher education. Colleges and universities are at a critical juncture in their history as they attempt to achieve their teaching and research goals. This volume examines some of the most pressing employment and compensation issues confronting academic administrators. Contributors discuss topics such as: ageing of faculty, changing economic conditions and shifts in faculty employment patterns, rapid increases in health care costs and trends in retiree health insurance, and adoption of phased and early retirement programs. The volume also includes a series of case studies on how individual universities are confronting these challenges. Institutions in these case studies include: Syracuse University, the University of North Carolina, the University of California, institutions in the Association of New American Colleges, and other colleges and universities included in several surveys and research projects. This timely volume will appeal to academic administrators at colleges and universities in the US and internationally as they face the common challenges of rising employment costs, faculty aging and global competition. Researchers interested in the future of higher education, economics, and the academic labor market in general will find this a valuable addition to their library.

To Retire or Not?

To Retire or Not? PDF Author: Robert L. Clark
Publisher: University of Pennsylvania Press
ISBN: 1512821632
Category : Education
Languages : en
Pages : 187

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Book Description
Colleges and universities across the country face huge challenges as their faculties age, their budgets stagnate, and mandatory retirement becomes a thing of the past. In To Retire or Not? the nation's foremost authorities on retirement policy and practice provide a critical assessment of academic labor markets and retirement patterns, explaining how to adjust pension and other incentive programs to ensure proper replenishment of intellectual and human capital. Case studies vividly illustrate how to predict the need for special retirement programs, how to structure voluntary early-out benefit plans, and how age-based retirement incentives work in practice. Recent legal decisions are assessed and critiqued. A recent amendment to the U.S. Age Discrimination in Employment Act ended mandatory retirement for tenured faculty at colleges and universities across the country. This law let individual faculty members enjoy an economic benefit enjoyed by almost all other American workers: they could choose to continue working past age 70 or "sell" the benefit back to their universities in exchange for earlier retirement. At the same time, however, educational administrators were faced with a faculty bulge created by the expansion of the professorate in the 1960s and early '70s, and the so-called "surplus army" of Ph.D.s of the 1980s. Colleges and universities everywhere are now faced with the higher costs of retaining senior professors instead of hiring entry-level replacements at lower salaries.

Ending Mandatory Retirement for Tenured Faculty

Ending Mandatory Retirement for Tenured Faculty PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309044987
Category : Social Science
Languages : en
Pages : 168

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Book Description
The proportion of older faculty is increasing nationwide. This book offers guidance not only for dealing with the elimination of mandatory retirement in higher education but also for current retirement-related issues facing all colleges and universities. Ending Mandatory Retirement addresses such questions as: Do the special circumstances of higher education warrant the continuation of mandatory retirement? How would an increase in the number of older faculty affect individual colleges and universities and their faculty members? Where there are undesirable effects, what could be done to minimize them? The book contains analyses of early retirement programs, faculty performance evaluation practices, pension and benefit policies, tenure policies, and faculty ages and retirement patterns.

Early Retirement Programs in US Higher Education

Early Retirement Programs in US Higher Education PDF Author: John E. Keefe
Publisher:
ISBN:
Category : College teachers
Languages : en
Pages : 86

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Book Description


Incentive Early Retirement Programs for Faculty

Incentive Early Retirement Programs for Faculty PDF Author: Jay L. Chronister
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 106

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Book Description