ERIC Number: EJ765976
Record Type: Journal
Publication Date: 2007
Reference Count: N/A
Ways We Retire
Maloney, Wendi A.
Academe, v93 n3 p28-30 May-Jun 2007
This article talks about the retired faculty members from different types of institutions around the country that were interviewed to find out how well their preparations for retirement are serving them now. Like other state employees in California, faculty members at public institutions participate in the California Public Employees' Retirement System (CalPERS), a defined-benefit retirement program. Individual retirement benefits are calculated according to a formula that takes into account years of service, age at retirement, and final compensation. CalPERS also provides health-care plans; more than two-thirds of retired state workers are enrolled in the HMO option. Employers contribute to the retirees' monthly premiums, and the retirees cover the difference between the employer's contribution and the actual premium amount.
Descriptors: Teacher Retirement, College Faculty, Retirement Benefits, State Universities, Community Colleges, Research Universities, Part Time Faculty
American Association of University Professors. 1012 Fourteenth Street NW Suite 500, Washington, DC 20005. Tel: 800-424-2973; Tel: 202-737-5900; Fax: 202-737-5526; e-mail: email@example.com; Web site: http://www.aaup.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Two Year Colleges
Authoring Institution: N/A
Identifiers - Location: California; Connecticut; New York; North Carolina; Wisconsin