Ohio University Policy and Procedure

Early Retirement Policy

WITHDRAWN as of April 30, 2003

(moved to Faculty Handbook)




Procedure No.:   41.102

Page No.:        1 of 1

Date Issued:     01/20/84

Issued By:       J. Bruning



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GENERAL

A tenured faculty member eligible for retirement under the STRS and wishing to continue to teach part-time may elect to do so under the early retirement policy. In this event, an Early Retirement Agreement is signed by the faculty member, department head, dean, and Provost and is effective until mandatory retirement age or until the faculty member wishes to cease part-time teaching before reaching mandatory retirement age. Such a faculty member will change status from Group I to Group I (retired).


TEACHING

During early retirement, the faculty member will be permitted to teach the equivalent of one quarter each academic year. The term (Fall, Winter, or Spring) to be taught each year will be determined by the faculty member after discussion with his/her academic department head and after consideration of the needs of the department.


COMPENSATION

The standard arrangement will be that the faculty member teaches the equivalent of one quarter for one-third of the academic year salary. The salary amount will be determined according to the following pattern: Initially, to determine the salary for the year after retirement, the faculty member's nine-month salary for the last year or full-time teaching will be used as a base. The appropriate part of that salary will be adjusted by the average percentage increase afforded the faculty as a whole. An adjustment based upon a similar procedure will be made annually. Any special financial arrangements for a faculty member teaching under this policy must be approved by the Provost.


INSURANCE

Beginning at retirement and continuing throughout the period of the faculty member's service, the University provides life insurance under the University's group policy for faculty.

Medical insurance is provided by STRS (see Faculty Handbook, Section III., D.).

SPECIAL ARRANGEMENTS

During any academic quarter when the faculty member is on duty, appropriate office space, parking privileges, use of facilities, and similar perquisites will be accorded the faculty member teaching under this policy. During the periods when the faculty member is not on duty, the perquisites as described under Emeritus Status (see Faculty Handbook, Section V., F.) will be accorded the faculty member.


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Dick Piccard revised this file (http://www.ohio.edu/policy/41-102.html) on May 15, 2013.

Please E-mail any comments or suggestions to "policy@ohio.edu".