Retirement plans and concerns of tenured faculty 40 years old and older were evaluated in 1979. For the sample of 26 member institutions of the Consortium on Financing Higher Education, 1,193 faculty members returned usable questionnaires. The evaluation focused on the following: characteristics of the faculty respondents, current circumstances and attitudes, expectations about retirement, retirement intentions and contractual obligations, incentives for voluntary retirement, the effect of inflation, correlates of retirement intentions, and the morale and career plans of middle-aged faculty. Respondents attitudes concerning five hypothetical incentive plans were also considered. Findings include the following: a majority of the respondents' intended to retire before age 70 and many planned to retire at age 65; among the senior faculty 61 years old and older who will be affected by recent legislation, only 46 percent planned to stay on until age 70, and the average expected retirement age of these oldest faculty was 68.2 years. Appendices include a questionnaire, a list of participating schools, information on the research design and methodology, an analysis of faculty "in limbo," and a comparison with the Teachers Insurance and Annuity Association's retirement study. (SW)