Will life insurance continue?
Yes. Life insurance will be based on the tenure-track faculty member’s reduced salary for each year of phased retirement.
Yes. Life insurance will be based on the tenure-track faculty member’s reduced salary for each year of phased retirement.
Yes. Tenure-track faculty members in phased retirement may continue to use all available leave benefits that would otherwise apply to them, except for Faculty Professional Improvement Leave (FPIL).
Yes, as applicable. Sick and vacation leave will be prorated based on the tenure-track faculty member’s FTE for each year.
Yes. During phased retirement, the tenure-track faculty member remains eligible for a tuition fee waiver at the same level as a full-time faculty member.
The tenure-track faculty member remains eligible for full-time medical benefits and the reduced salary will be used to determine the medical benefit contribution rate. Refer to the 2027 contribution table (PDF) determine what your contribution rate would be for the calendar year of 2027.
The tenure-track faculty member’s reduced salary will be used to determine the medical benefit contribution rate in each year of phased retirement.
Yes. During both years, a participating tenure-track faculty member remains eligible for full-time medical benefits, including medical, dental, vision, and prescription coverage.
No. The compensation in both years is calculated using the base annual contract salary from the year before the first year of phased retirement and the approved full-time equivalent (FTE) for each year.
Second-year compensation is reduced to the same percentage as the approved second-year full-time equivalent (FTE). The second year, the calculation is based on the tenure-track faculty member’s base annual contract salary from the year preceding the first year of phased retirement.
During the second year, the tenure-track faculty member’s appointment must be between 50 percent and 25 percent of the full-time equivalent (FTE). The approved FTE must remain unchanged for the entire second year.