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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 reflects the current needs and resources of ECAS and is designed to help eligible tenured faculty consider and plan for retirement by offering phased retirement transition options that provide full pay and benefits (in accordance with the terms of the benefit plans) with reduced or no teaching loads. The phased retirement offers flexibility to eligible tenured faculty to advance their research and conclude graduate student advising duties prior to giving up tenure in ECAS.

Who is eligible?

The Voluntary Faculty Retirement Incentive Program for Tenured Faculty is for tenured faculty who will be at least age 65 at the time of retirement. (Under certain circumstances faculty under the age of 65 may be considered eligible to apply).

To be eligible, tenured faculty who will be at least 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 tenured faculty 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 are the retirement transition options?

There are one-year and two-year options, which involve either a reduced teaching load (the two-year option) or no teaching load (the one-year option) while receiving full salary and benefits (in accordance with the terms of the applicable benefit plans). For full details, see (http://college.emory.edu/faculty/faculty/voluntary-retirement-program/tenured-faculty-voluntary-retirement-incentive-program.html).

I recently signed a retirement agreement. Can I renegotiate under this new incentive program?

If you signed an agreement during the 2016-17 academic year, you may contact Senior Associate Dean for Faculty Carla Freeman, cfree01@emory.edu and dean_of_faculty@emory.edu, to reevaluate your retirement agreement. Any agreements made prior to Sept. 1, 2016 will stand.

What happens to leave time that has already been accumulated? Can leave be applied to this process?

The ‘step-down’ retirement agreements supersede any accumulated leaves. Faculty remain eligible for leave before the ‘step-down’ period and the regular College policies regarding faculty leaves remain in effect:
http://college.emory.edu/faculty/policies/leave-policies.html

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.

Can I still receive Emeritus status?

Faculty members will receive Emeritus status if eligible under the Provost’s guidelines. The College will pursue Emeritus status as supported by the faculty member’s department.

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?

Emeritus Faculty who are interested in continuing occasional teaching 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.

Can I retain my office and lab space?

Flexibility regarding office space may be required when faculty are not teaching full time. Office space cannot be guaranteed if the faculty member is no longer teaching.

The availability of lab space will be evaluated on a case-by-case basis.

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.