ERIC Number: ED188541
Record Type: Non-Journal
Publication Date: 1978-Aug-24
Reference Count: N/A
Impact of the New Retirement Age of 70 on the University of the District of Columbia.
District of Columbia Univ., Washington, DC. Office of Institutional Research.
The likely impact of the new mandatory retirement age of 70 on the future financial situation of the University of the District of Columbia was considered. In order to simulate the policy's effect on the 1979-80 university budget and retirement policies, four alternative plans were developed utilizing three groups of personnel (faculty, administrative, and general schedule employees). Assumptions reflected in the plans are: (1) options to replace retiring personnel; (2) ranks, salaries, and compensations for new replacements; and (3) supplementary benefits for early retirees. It was found that although only 36 employees (2.6 percent of the total university staff) were of retiring age, the cost savings approximated about $187,000 to $1.5 million for 1979-80. (Author/SW)
Descriptors: Administrative Policy, Administrators, Black Colleges, Budgets, College Faculty, College Planning, Cost Effectiveness, Educational Finance, Employment Practices, Higher Education, Institutional Research, Mandatory Retirement, Personnel Policy, Research Projects, Retirement Benefits, State Colleges, Teacher Employment Benefits, Teacher Retirement
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: District of Columbia Univ., Washington, DC. Office of Institutional Research.