This report summarizes rights and privileges provided to faculty retirees and emeriti of research universities, and presents results from a questionnaire sent to American Association of Universities (AAU) institutions (46 of the 60 members responded) concerning their ranking in desirability of 48 privileges, services, opportunities, rights, and eligibilities extended to retired faculty. Results indicate that there were no broadly and strongly held views about the appropriateness of any of the 48 rights and privileges under consideration whether they were considered for emeriti only or faculty retirees as a group. No single set of rights or privileges turned out to be overwhelming favorites. In addition, various policies regarding retirees and their rights and privileges were asked on the questionnaire, and these results are also discussed. They indicate that, in the AAU institutions, there seems to be a modest advantage to having emeritus status. The results show no institution being committed to any one position on the issue of retirement. (GLR)