Proposed Legislation on Age-based Faculty Retirement Incentives PDF Download
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Author: David L. Raish
Publisher:
ISBN:
Category : College teachers
Languages : en
Pages : 44
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Book Description
Author: David L. Raish
Publisher:
ISBN:
Category : College teachers
Languages : en
Pages : 44
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Book Description
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.
Author: United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 68
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Book Description
Author: Committee on Mandatory Retirement in Higher Education
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 172
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Book Description
This report discusses whether the special circumstances of tenured faculty in higher education justify a continued exception to the national policy prohibiting age discrimination in employment, and examines a number of practical steps that are available or could be made available to address the problems raised by the elimination of mandatory retirement. Among the topics discussed are: the effects of uncapping on faculty retirement; faculty performance and institutional quality; pensions, retirement programs and costs; and retirement incentive programs. Two key conclusions are presented: (1) at most colleges and universities, few tenured faculty would continue working past age 70 if mandatory retirement is eliminated; and (2) at some research universities, a high proportion of faculty would choose to work past age 70 if mandatory retirement is eliminated. Committee recommendations include suggestions for continuing retirement income; the adoption of policies by Congress, the Internal Revenue Service, and the Equal Opportunity Commission concerning employer contributions based on estimated level of pension income; and minimum and maximum goals for inflation-protected pension income for better resource allocation and the limiting of inadvertent incentives to postpone retirement. Appendices include a description of study methods, discussion of national faculty databases, and a summary of the characteristics of institutions and faculty, and biographical sketches of committee members and staff. Contains 108 references. (GLR)
Author: Jay L. Chronister
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 106
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Book Description
Author: Thomas M. Corwin
Publisher:
ISBN:
Category : College teachers
Languages : en
Pages : 86
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Book Description
Author: Robert M. O'Neil
Publisher:
ISBN:
Category : College teachers
Languages : en
Pages : 46
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Book Description
Author: Association of American Law Schools. Special Committee on the Impact of the Elimination of Mandatory Retirement Requirements
Publisher:
ISBN:
Category : Law teachers
Languages : en
Pages : 56
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Book Description
Author: Martha Craven Nussbaum
Publisher: Oxford University Press
ISBN: 0190600233
Category : Medical
Languages : en
Pages : 265
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Book Description
A philosopher and a lawyer-economist examine the challenges of the last third of life. They write about friendship, sex, retirement communities, inheritance, poverty, and the depiction of aging women in films. These essays, or conversations, will help readers of all ages think about how to age well, or at least thoughtfully, and how to interact with older family members and friends.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230
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Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
