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FAQs: Tenured Faculty Voluntary Retirement Incentive Program 2017-2019

Why was the new program established?

The Voluntary Faculty Retirement Incentive Program for Lecture Track Faculty reflects the current needs and resources of ECAS and is designed to help eligible faculty consider and plan for retirement by offering a retirement transition incentive.

Who is eligible?

The Voluntary Faculty Retirement Incentive Program for Lecture Track Faculty (LTF) is available to LTF who will be age 65 or older as of the selected retirement date. (Under certain circumstances faculty under the age of 65 may be considered eligible to apply).

To be eligible, faculty who will be at least age 65 at the time of retirement must also meet the university’s criteria for retirement with benefits, where age plus at least 10 years of service must equal at least 75 at the time of retirement. Emory College of Arts & Sciences may choose to exclude certain LTF in key positions or roles.

Will there be any change to Emory's retirement benefits if I take this offer?

Faculty electing to participate in the Program will remain eligible for all University retirement benefits, such as access to the library, email, parking, etc. (see http://hr.emory.edu/eu/benefits/retireebenefits/retirees.html).

Healthcare Insurance:

Faculty members may be eligible to elect to participate in Emory’s retiree medical plan after they retire from Emory, subject to the rules of that plan (such as that they be participating in the active medical plan at the time of retirement). Faculty considering retirement are encouraged to contact the Emory Human Resources Benefits Department to discuss medical insurance concerns, Medicare options, etc. Contact the Benefits Department at 404-727-7613 or hrbenef@emory.edu.

What is the retirement incentive?

LTF will receive 100% salary for one academic year (September 1-August 31), without teaching duties. Faculty who prefer a reduced teaching load (vs. 0% teaching) may make such arrangements in consultation with their chair/director. However, no additional compensation will be paid for such voluntary teaching activities, and compensation for the transition academic year would not surpass 100% of annual salary.

What resources are available to determine if now is a good time to retire?

The Emory University Emeritus College (http://www.emory.edu/emeritus/) offers a structured one-on-one retirement mentoring program for faculty contemplating retirement.

The Emeritus College also offers a newsletter on retiree healthcare choices. The newsletter is not meant to be a substitute for the information available from Human Resources, but can be helpful in choosing a plan and estimating retiree healthcare costs.

A full list of retirement resources and relevant university contacts can be found here on the Emeritus College website.

For information about any of the above, or additional information about faculty retirement, contact the Emeritus College Director, Professor Gray Crouse at gcrouse@emory.edu.

Additional information on retiree benefits can be found on the Emory University Human Resources website.

If I choose to retire, what resources will be available to me to still stay involved with Emory?

One of the best resources is the Emory University Emeritus College, which offers an array of programming for retired faculty. Many retired faculty also have become involved as teachers or participants in the Osher Lifelong Learning Institute at Emory, which is administered by Emory Continuing Education.

Will I still be able to teach in the future?

Under certain circumstances, retired LTF may be offered the opportunity to teach on a per-course basis. Such arrangements will be established in consultation with the Senior Associate Dean of Faculty and appropriate Department Chairs and Program Directors.

Can I retain my office space?

Office space cannot be guaranteed if the faculty member is no longer teaching.

Can I keep my computer?

Retired faculty will be allowed to keep their Emory-provided office computer, provided that it is more than one year old. Additionally, the computer must be submitted to ECAS IT so that licensed software can be removed. Retirees will maintain access to Emory email and Office365, but will no longer have access to licensed software installed on the computer. Emory IT will no longer be able to provide technical support for the computer.