ERIC Number: ED213281
Record Type: RIE
Publication Date: 1979
Reference Count: 0
Academia in Transition. Mid-Career Change or Early Retirement.
Patton, Carl V.
The impact of early retirement plans and career change on the professional and personal lives of professors and on the manpower and fiscal structures of the universities they serve is examined. The book is based on more than 50 accounts of academics who took early retirement options and a comprehensive review of incentive programs for early retirement, along with mid-career change programs. Chapter 1 explains why colleges and universities are interested in mid-career change and early retirement programs, and outlines the various options now available. Career options in industry, government, and academia are analyzed in chapter 2. Chapter 3 offers an analysis of the experiences of 70 of the first 100 or so persons who were induced to retire early, covering such topics as motivation, satisfaction with the decision, and ways that early retirement affected their well-being. Chapter 4 discusses the fiscal considerations involved in early retirement plans. Chapter 5 examines the manpower questions, including such questions as how incentive early-retirement plans will affect the age distribution of university and college faculties and whether early-retirement and mid-career change will modify age and talent distribution. Chapter 6 contains a discussion of the funding requirements and tax implications of increased-benefit retirement programs and an analysis of the legal aspects of age discrimination. The final chapter sketches the policy implications of mid-career change and early retirement, presents summary evaluation of the early-retirement schemes, and outlines a number of considerations for colleges, universities, and faculty members contemplating these options. In the final chapter several policy considerations are discussed, including: developing a mechanism for faculty review and evaluation; providing retirement and financial counseling; dissemination information about the options; and recognizing potential contributions from Emerkiti. Appendices include a guide to administrator interviews and a guide to early retiree interviews. (Author/LC)
Descriptors: Administrative Policy, Age Discrimination, Career Change, Career Counseling, College Faculty, Compensation (Remuneration), Faculty College Relationship, Faculty Evaluation, Financial Needs, Higher Education, Incentives, Legal Responsibility, Personnel Evaluation, Personnel Policy, Policy Formation, Retirement, Retirement Benefits
Abt Books, 55 Wheeler Street, Cambridge, MA 02138 ($19.50).
Publication Type: Reports - Research; Books; Guides - Non-Classroom
Education Level: N/A
Sponsor: National Science Foundation, Washington, DC.
Authoring Institution: N/A
Identifiers: Early Retirement