ERIC Number: ED319286
Record Type: RIE
Publication Date: 1990-Mar
Reference Count: N/A
The Impact of Universities' ERPs?
Jefferson, Anne L.
Early retirement plans (ERPs) have recently been considered and implemented at a number of universities as a means to address their need to contain costs while simultaneously generating new ideas and energy within the institution through the revitalization of faculty ranks. This endorsement of ERPs by university administrators, however, is occurring without sufficient information about the impact of such plans in financial and academic terms. This paper addresses this deficiency and identifies four questions that must be answered to ensure that the university selected ERP is based on more than conjecture. These questions are: (1) How does increased flexibility affect provincial allocation of monies to universities and thus their ability to operate comprehensive programs? (2) Where are the universities spending their newly acquired flexibility dollars? (3) What are the academic implications of this allocation of flexibility dollars? (4) Is the quality of the applicant pool at least comparable to that of the group of retiring faculty? Institutions of higher education that answer these questions first, before entering into an ERP, will be better able to fit the new ERP with the institutional mandate. Knowing that an ERP results in increased flexibility dollars is an insufficient reason for its adoption. Contains 12 references. (Author/GLR)
Publication Type: Speeches/Meeting Papers; Opinion Papers
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: N/A
Note: Paper presented at the Annual Conference of the American Education Finance Association (Las Vegas, NV, March 1990).